Does replacing electrical/rewiring improve home value?
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
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Real Estate Agent Texas (#719290)
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