Originally Posted by
Brian Elfert
I recently bought a house built in 1980. The house needed a complete renovation due to massive neglect. My father and I did a bunch of electrical work to fix issues and modernize things. We replaced all of the outlets and switches plus all of the light fixtures. We did not replace any of the concealed wire, but we did add new wire in some walls. The general contractor estimated an electrician would have charged between $10,000 and $15,000 for the work we did and we did not run all new wire.
I probably spent over $2,500 on wire, new breakers, fixtures, and outlets/switches. I had to upgrade to arc fault breakers. Any rewire today is more expensive with code changes requiring arc fault breakers and tamper proof outlets.