5,000-$15,000 Why it can’t wait:
If the wiring in a home is outdated, the current insulation is getting worn, or it was installed by an amateur, there is potentially a high risk of electrical fire. Home inspectors also say there is a high degree of risk if wires are located near insulation. If aluminum wires are used, then the risk of fire is also high. The average cost of rewiring a house can range from $5,000 to $10,000, but costs in a larger or older house, or one that is hard to access, can be as much as $15,000. In addition, breaker panels used to be less efficient, and modern appliances and central air can’t run on one of these. A new panel can cost from $3,000 to $5,000, including the cost of the electrician.
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