Generally, old electric infrastructure costs around $2,100 to be rewired with plastic-encased wires which are a lot safer. Old wiring is not only energy inefficient, but it can also represent a fire hazard in combination with all the modern appliances people usually use in their homes.
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Hot water heater replacement
Apart from old wiring, old homes also have old water heaters which…guess what, get even older and will stop working at some point. If you haven’t replaced them already, you should know a full replacement is somewhere around $1,000 for both labor and the heater. If you can find cheaper deals, even better!