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Rewiring a house

Hello.
The house needs re-wiring but we are thinking of moving in a year or so. Does anyone know if you get a lot of money off the price for not having it done or is it worth getting it done?
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Comments

  • aroominyork
    aroominyork Posts: 3,239 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    When you sell, would the survey definitely show that re-wiring is needed?
  • kinger101
    kinger101 Posts: 6,559 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Rewiring will involve a lot of remedial works (plastering, redecorating). It's unlikely to increase the value of the property by the amount of money you'd end up spending. Unless it needs doing because it's unsafe or no longer works, I wouldn't bother.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 30 January 2017 at 9:10PM
    If the house is also 'tired' (I'm being diplomatic for a change) then re-wiring and redecorating might well make it a more attractive purchase. It may not increase the value proportionately, but would probobly speed up finding a buyer.

    If you're just going to re-wire, and patch up the resultant chasing in the walls etc I wouldn't bother - the house will be a doer-upper so any buyer will simply factor in the re-wiring.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    It won't necessarily increase the value of your home but if you try to sell a house with very outdated wiring you would put off a lot of 'buy to live in' type purchasers and end up just with the bottom feeding landlords/property developers making low offers.

    How old is the wiring? What does the fuse board/consumer unit look like?

    If you have very old rubber / aluminium etc type wiring then I would get it replaced ASAP, even if you only live in it for another year.
    If the wiring is only a few decades old and is PVC type cable then there's no need to rewire but you might consider upgrading the consumer unit as modern ones offer increased safety and convenience. (Most buyers will only look at the consumer unit anyway, (( not that I am advocating trying to mislead people!) )
    Changing the world, one sarcastic comment at a time.
  • Thank you I think we will have to get it done as its old
  • Whitey1981 wrote: »
    Thank you I think we will have to get it done as its old

    Expand and qualify... How old exactly?
  • I think it was done 20-25 years ago got a fuse wire box
  • When we bought our house, we knew it needed a full re-wire. It also needed pretty much everything else doing too. We negotiated £15,000 off the asking price as it had been on the market for a while and was in a bit of a state. The advantage for us was that we could take the opportunity to have the wiring put where we wanted it for the new kitchen and bathrooms, extra sockets in the other rooms and so on - if the previous owners had sorted the wiring, we would have begrudged having to re-do the new stuff to suit what we wanted.

    So - unless it's dangerous, I would leave well alone.
    No longer a spouse, or trailing, but MSE won't allow me to change my username...
  • kinger101
    kinger101 Posts: 6,559 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 30 January 2017 at 11:24PM
    Whitey1981 wrote: »
    I think it was done 20-25 years ago got a fuse wire box

    It sounds like you [STRIKE]need[/STRIKE] could benefit from a new consumer unit, which should come in well under £1,000. The wiring itself should still be fine. Though obviously the opinion of one (or pref. three for quotations) qualified electricians is probably more useful than that of some random bloke on the internet.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Whitey1981 wrote: »
    I think it was done 20-25 years ago got a fuse wire box
    Why do you think it needs rewiring the wiring in my house is 35 years old and is fine although it could do with the fuse box being replaced.
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