I called old home knob and tube wiring a deal breaker until an electrician in Buffalo showed me the actual quote
Two years ago I walked away from a $38,000 Victorian in Buffalo because the inspection report mentioned knob and tube wiring. I figured a full rewire would run me $15,000 or more based on stuff I read online. Last month a retired electrician named Ray gave me a different number for a similar 1,400 square foot house on the East Side. He said the house already had a modern panel and grounded outlets in the kitchen, so the knob and tube only served a few ceiling lights and two bedrooms. His quote to replace just those runs came in at $2,100 and he said most of the fear comes from insurance companies, not actual danger. Has anyone else gotten a real quote on partial rewiring instead of walking away from a cheap old place?