If the home you’re looking to sell or purchase is older (built between the 1880s and 1970s), it could include dangerous electrical wiring. Knob-and-tube wiring and aluminum branch circuit wiring are two of the biggest offenders. Both of these antiquated methods pose severe fire hazards and could mean higher insurance premiums or even un-insurability altogether.
Your inspector or an electrician should be able to pinpoint these outdated electrical practices. If the home has them, you may be faced with a costly upgrade or the decision to either walk away from the sale or knock a few thousand dollars off the asking price for a costly upgrade.
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