Does replacing electrical/rewiring improve home value?

[Miles Stanley]

Any thoughts?

My electrician is recommending that we rewire the entire house bc the existing wiring is copper but does not have a ground (built in 1968). We plan to BRRRR this one. He says it would improve home resale value and we could use 3-prong outlets (that actually serve a purpose) so things like PC's and other devices that require that plug could have grounding.

Has anyone done this or have any insights?  The numbers work "OK" if i have to spend the extra money, but i need to determine if i NEED to.

I think long-term, I'm more concerned with liability than sort term gains/savings.  Since it'll be rented safety and liability are chief concerns for me.

Thanks