Updating first rental unit

[Nicholas Gambino]

Renting on the other unit while living in the other. Being an electrician I am currently adding switches, recessed lighting and removing a lot of the old knob and tube wiring and replacing with new romex. Just wondering if anyone replacing the old wiring in their units? Is it worth it too you? I hope to either rent out both units or just the sell the place depending what the future holds.

As a safety stand point.. this is huge.. but down the line? Will something like that really increase the value? Thanks

[David Lee Hall, III]

It may impact your ability to get insurance or refi so if you have the chance replace. You can usually get insurance with K&T as an owner occupant but usually will be denied if it is an investment property. Or so has been my experience.