House Hunting? Pay Attention to Outdated Wiring
By John Voket
Spring is here and home buying is in full bloom. I want to gently remind you that while "curb appeal" may attract you, it's the "guts" that should play a key role in determining whether or not a home is a good buy.
According to Ed Ingalls of Newington Electric Company, most people have no idea how dangerous wiring problems may be in a potential new home, even if they hire a home inspector.
Ingalls notes that about 80 percent of homes he sees have some level of outdated wiring. Whether buying a new home or assessing an existing home, there are red flags that wiring should be updated such as:
Other warning signs that a home's electrical system needs attention include:
Ingalls says all homes need to have at least a 100 amp service and may even need 200 or even 400 amp upgrades to accommodate wiring for today's appliances.
For instance, a modern household with normal everyday appliances would require a 100-amp service minimum, but a household that had a few additional items such as a hot tub and/or air conditioning would most likely need a minimum of 200 amps.
Ingalls further notes that most banks, lending institutions and insurance companies will require a homeowner to upgrade the electrical system before buying or selling a house. In doing so, it may also reduce one's homeowner's insurance.