Keep old wiring or rewire BRRRR property

[Fillip Nelson]

Hello,

I purchased a 3/1 rehab property in Pittsburgh. It was vacant for some years. It needs a new panel and main service line according to inspector. The current system has fuses and I have only have 4 circuits for the entire home. I have quotes to replace the panel and main service line for $1,800-$2,100. My question is should I re-wire the home and add more circuits? That would be from $6,500-$8,000.

I plan on either having window AC units, or perhaps mini-split systems, I have not decided.

I have a tight budget, but is the rewiring something that needs to be done since I am renting it out, or do I have other options. Some of the old wiring is knob and tube.

Thanks,

Fillip

[Bruce Woodruff]

Yes, complete re-wire. K&T is dangerous and not worth the risk. You will raise the value of the property too....