Knob and Tube Just Discovered in House I’m Selling “As Is” – What to Do?
Do you have to remove knob and tube wiring?
A: All visible knob and tube wiring will need to be removed in spaces like unfinished basements and attics. Basically, anywhere the knob and tube wiring is visible it must be completely removed. In walls and ceilings where the KT wire is concealed, it does not need to be removed, just deactivated.
What can I do with old knob and tube wiring?
If you have knob-and-tube wiring, most contractors will require you to have an electrician verify that it is not active. If it is active, you will need to have it replaced in order to insulate your home safely. When homes are rewired, electricians will often leave the old deactivated wiring behind.
Can you sell a house in NJ with knob and tube wiring?
So, yes, you can sell a house with knob and tube wiring.
Can you sell a house with knob and tube wiring in Illinois?
Major selling guides (Fannie Mae, Freddie Mac & FHA) are ok with knob and tube wiring as long as it functions, is safe, in good condition, and is a minimum of 60 amps.
How much does it cost to disconnect knob and tube wiring?
The national average to remove and rewire knob and tube wiring is $3,500 to $8,000. Since this is not new wiring, your contractor will need to estimate the cost to open walls and ceilings to rewire and repair, which could easily bring the expense to $15,000 or more.