If your house is facing electric problems, such as flickering lights, you may need to start assessing The Cost of Rewiring a House. The electrical systems in buildings require maintenance over time. Some may get damaged and need to be repaired. In these cases, you may need to hire an electrician to rewire your house. But how much will it cost?
Why Do You Need to Predict the Cost to Rewire a House?
Predicting the cost of any construction project has many perks. Such as
- It helps to create a budget.
- Prevents unnecessary expenses
- The project is completed on time.
- Decision-making abilities are improved.
- Resources are utilized effectively.
Accurate estimating the expense of rewiring a house may be difficult as there are many factors impacting the cost. Most people tend to hire cost estimation agencies such as SMA MEP Estimate. These companies can provide you with a precise and well-thought-out budget for your construction plans. During the process of rewiring a house, the following elements have a significant impact on cost:
- Location
- Size of the building
- Level of complexity
- Market conditions
- Type of material chosen
- Building codes and regulations
Average Cost to Rewire a House
On average, the expense of rewiring is $7,000. The average range falls between $1,100 to $13,000. This means that the cost to rewire per square foot is about $0.15 to $3.50. Keep in mind that this cost does not include labour. The price difference is mainly due to the level of work required. Every project is different from one another. If you want an exact personalized estimation, then you should get help from a professional cost estimator.
Breakdown of Cost to Rewire a House
We have discussed the average cost of rewiring, but where is this money going? Let’s analyze each cost consuming component so you can have a better idea about the expenses. The more you know about the project, the better you can handle the cash flow.
Expense of Upgrading Electrical Panel
If your electrical panel is faulty, it may need to be replaced. A new panel will increase the cost. The average cost to replace an electrical panel is $400 and $2,500. Most people tend to pay in between. So, it is essential to know what is wrong with your electrical components. An Electrical Work Estimate Calculator can help you figure it out and save you from potential scams.
Installation of Electrical Outlets
If there is a problem with any of the electrical outlets, you may need to change them. The expense of installing a new outlet is $125 and 175 per outlet. The variation in the cost is mainly due to the voltage. If the voltages are high, the price will also be high. Your Electrical Estimate for Residential building will increase.
Cost to Knock Down Walls
In some cases, electrical work may require electricians to knock down your falls in order to access the wires. If your construction project also needs to open the walls, it will cost you anywhere between $0.40 – $6.40 per square foot. Sturdier walls, such as stone walls, require more cost to break down. On the other hand, drywall will require a lower price.
How Does Material Impact the Cost to Rewire a House?
The type of material that you choose will have a paramount impact on your budget. High-quality material will cost more, but it is most likely to save you from maintenance costs over time. On the other hand, cheaper materials can help you reduce your budget, especially if you are short on cash. THHN/THWN Cable is the most affordable, which will cost you around $0.15 per square foot. On the other hand a UF Cable is going to cost you $0.60.
Labor Cost
The cost to rewire a house also depends upon the labour expenses. Electricians generally charge $50 and $150 an hour. The longer the time your project will require, the more the cost will be. An apprentice electrician is going to charge less than an expert.
Conclusion
To wrap it up, it is essential to know about the cost of rewiring a house before you begin construction. No doubt that the calculations may seem like an uphill task, but it is worth it. It may also impact your future expenses related to the electrical work, such as future maintenance of the system. Moreover, it helps to save money and time as well. Every construction project requires a budget whether is in installation work or repair work. For rewiring, you need to have an accurate and precise cost budget in your hand. After all, electrical systems are an essential part of the building, and they need to function accordingly.
