, electrical panels and hvac.

Those old homes had knob and tube wiring and smaller service panels that will not stand up to today's electronics usage.

Although we haven't received a preliminary estimate of repairs yet, we were told today that they would fix the property from top to bottom inclusive of roof, side paneling, plumbing, etc.My question is: Should I take the route of the $86,000 in which the essentials are taken care of or should I take the route of the $130,000 in which the property is fully renovated? 

Has anyone used this luxury floor panels?

Big thing will be whether electrical is accessible and proximity to the panel. 

Water heater, roof, electrical panel?

I'll find the main electrical panel and take a look.

Put up 2 panels alone , then picked up the kid and finished 1 side .

The additional panels and trim add significantly to the cost.  

Thank you @Justin Robert , he said that the main panel is wired through an old frayed wire and that the interior wire is run outside the house then back in and that the range outlet is unsafe.