To anyone here licensed as a residential electrician…
Recently purchased a home built in 1952, knowing it needed work. Today I had an electrician come in to assess. He got to a point where he said he wouldn’t go further, the 1100sq ft house needs to be completely re-wired along with a new panel. The nearly 80yr old wire was disintegrating in his hands, has no ground wire & was arching as he opened outlets/switches. His bid to update all wiring, outlets, switches & panel to code, would be 10k – 12k for this tiny house. My jaw hit the floor! Is this the going rate? I’ve scheduled 3 more estimates to be done but holy smokes!