Average cost of renovating a house in 2024 – Forbes Home

Rewiring a home is a big investment. Fortunately, there are ways to save on the cost of this project. Here are five tips on how to cut the cost of rewiring a home:

Install new circuit breakers instead of rewiring your home

The cost to install a new circuit breaker is about $250 to $400, not including new wiring in that part of the house. If your breaker box has room for a new breaker, and your home’s electrical wiring is in good condition, adding wires only when you need them can save you a lot of time.

Choose cost-friendly materials

THHN/THWN wires are some of the most budget-friendly materials on the market compared to other cables. Keep in mind that choosing higher-quality materials may cost you more upfront but may help save money in the long run. However, it is an economical option for homeowners looking to save on upfront costs.

Buy cables in bulk

The more cables you buy, the lower the price. For example, if you purchase 25 feet of cable, you will pay more per foot than you would if you purchased 100 linear feet.

Limit opening of walls

If possible, have a professional pull old wires through the crawlspace joists, attic, basement, or floor instead of down the walls. Many electricians can run wires through the walls of your home to avoid costly wall repair services. If you must access wiring through a wall, try to complete the project in one go to avoid having to reopen the walls.

DIY non-electrical work

Remember that it is safe to let an electrician handle the electrical work. But you can still repair the walls yourself to help cut down on labor costs.

To arrive at the average costs for this article, members of the editorial team surveyed 16 different providers both nationally and locally. All average figures were correct at the time of publication and may be subject to change.

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