Cost of updating electrical system
3) Older electrical systems use a 60 amp service but the wire is fused with 15 amps.
This means that more current is flowing through the wire than it is meant to handle, leading to excessive heat and possible fire.
Since basements don’t often have a ceiling, you’ll be able to see the floorboards by simply looking up.
If you see any ceramic connectors, you have knob and tube wiring.
Older houses often have what is called ‘knob and tube’ wiring.
This wiring is considered dangerous by most insurance companies today, making it hard to insure homes and buildings that incorporate it.
If your home was built in the late 1800’s to early 1900’s there’s a good chance you do have this type of electrical wiring since it was considered state-of-the-art back then.
Most houses built during that time period do indeed have knob and tube wiring that should be replaced.
The attic and basement are not the only places knob and tube wiring can appear.
Electrical wiring is hidden in the walls and ceilings of most houses and buildings, and you won’t be able to detect what type of wiring is hidden from view.
Most insurance companies do not insure buildings that contain this type of wiring.
There are ways to fix this without rewiring your entire building which would be very expensive.
It’s best to get it fixed before you lose a potential sale.