All new electrical in a house flip?
Hello everyone,
I'd appreciate your insight on a situation. We're in the process performing a full renovation on a two-story home built in 1926 located in Fort Worth, Texas, with the intention of flipping it.
The house's electrical system seems to be functioning properly, but given its age, we're wondering whether it would be beneficial to replace it entirely( I.e update the whole electrical system)
My question is this: Would installing a new electrical system increase the value of the house and make it more appealing to potential buyers? I'm trying to determine the best course of action to take, so any advice you could offer would be greatly appreciated.
Dilemma: To do all new electrical in a 1926 property or not to.
Thank you!
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#1 Rehabbing & House Flipping Contributor
- Contractor/Investor/Consultant
- San Diego / Phoenix
Aluminum wire + non-grounded outlets + no permits = a no brainer. This will hurt you badly during the inspection process. I would just go ahead and do the re-wire now and be done with it. I would think $20k would cover it. Worth every penny. Use a licensed electrician!