Although the cost of rewiring a house may appear prohibitively expensive when purchasing a property, owners of older homes with antiquated wiring systems may realize that the typical cost of rewiring a house is money well spent.
It's probably worth it to rewire your home if your electrical system is outdated. Replacing old wiring can help avoid a house fire while also potentially increasing the property's value. Updated, energy-efficient fixtures are often included in a renovation work of this nature and might potentially cut the homeowner's utility expenditures, however, they are not normally included in the average cost to rewire a house.