Is it worth buying a house with aluminum wiring ?

[Eric Wiinanen]

We found a potential good deal off-market here in NW Florida. The house was built in the 1970s and has aluminum wiring - and I'm hoping someone has some experience with this.

I talked with my insurance agent - and he has one company that will insure it for a price.  If we bought the property, our thought would be to repair/replace the wiring, then renegotiate a lower insurance price.

Questions:

1. Any advice about buying a house with aluminum wiring?
2. Should we plan on repairing with connectors, or completely replace the wiring?
3. How much should we estimate to pay for repairing OR replacing? (3/2, 1950 sq ft, slab on grade, 1 story)

I would just walk away from this deal - but I know we're going to find other houses with the same issue.  Maybe we should just walk away? :)