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Message
1st Time Home buyer advice
Posted on 4/5/11 at 12:32 pm
Posted on 4/5/11 at 12:32 pm
Hey my fiance and I are looking at buying our frist home, and we found a house, but the problem is the it has Aluminum Wiring. I have ran into trouble finding an insurance company that would cover the house. I am wondering if there are any insurance agents, real estate agents, or electricans on here to give me some advice.
4
Posted on 4/5/11 at 12:43 pm to CarlJH25
Have you asked your real estate agent what to do?
Posted on 4/5/11 at 12:44 pm to CarlJH25
quote:
but the problem is the it has Aluminum Wiring.
Keep looking, not worth the effort.
Posted on 4/5/11 at 1:10 pm to LSUDad
quote:
Keep looking, not worth the effort.
Could not agree more. I would also assume this house in probably 30-40 years old, which can lead to many other issues as well, particularly very poor insulation and older windows, which are most likely single paned. Even if the house is a "good deal" you will end up wasting money every month on your utilities.
FYI, the reason they will not insure it is because aluminum wiring is generally not safe. Over time the wiring has a much greater tendency to corrode than copper. Because aluminum expands/contracts much more than copper, even a perfect installation deteriorates over time. These problems pose a pretty serious fire risk. Even if you were to find somebody to insure it, your rate would be much higher; again waste of money...
Keep looking, you will find something. There's plenty out there right now.
Posted on 4/5/11 at 1:16 pm to CarlJH25
quote:
Hey my fiance and I are looking at buying our frist home, and we found a house, but the problem is the it has Aluminum Wiring. I have ran into trouble finding an insurance company that would cover the house. I am wondering if there are any insurance agents, real estate agents, or electricans on here to give me some advice.
Have an electrician quote to rewire entire house, tell seller to subtract that amount plus 20% on top of that for just in fricking case and kiss my fricking arse purposes.
Posted on 4/5/11 at 1:21 pm to Chad504boy
quote:
Have an electrician quote to rewire entire house, tell seller to subtract that amount plus 20% on top of that for just in fricking case and kiss my fricking arse purposes.
This. Dont completely walk away from the deal. If the seller isnt willing to rewire the house before the sale or provide the cash to do so...then you walk away.
Posted on 4/5/11 at 1:43 pm to lsugradman
Many homes have some aluminum wiring and there is no problems with that.
However if the house was built in early to mid 70's and have aluminum brach circuit wiring (for lights and recepticals) I say walk away.
Rewiring a single story would be in the thousands.
However if the house was built in early to mid 70's and have aluminum brach circuit wiring (for lights and recepticals) I say walk away.
Rewiring a single story would be in the thousands.
Posted on 4/5/11 at 1:52 pm to Kajungee
I had this in my house. Luckily my brother in law is an electrician. I got many quotes on it and for the ones that would actually fool with it, the cost would be upwards of 10k to rewire the whole house. Most companies will not fool with it.
ETA: as they were rewiring my house, they found tons of places where the wire had melted in the wall and in the attic. I think another 2 years and the house would have burnt down
ETA: as they were rewiring my house, they found tons of places where the wire had melted in the wall and in the attic. I think another 2 years and the house would have burnt down
This post was edited on 4/5/11 at 1:54 pm
Posted on 4/5/11 at 1:56 pm to LSU1018
quote:
Most companies will not fool with it.
Because most electrical contractors know most home owners do not have 10 G of spare change to drop on rewiring a house.
Most cases it easier to rip out thew sheetrock to install new wiring.
If you have it. Just do not fool with it, don't touch it, don't remodel it.
If you have an electrical problem have someone look at it immediately
Posted on 4/5/11 at 2:29 pm to Kajungee
quote:
However if the house was built in early to mid 70's and have aluminum brach circuit wiring (for lights and recepticals) I say walk away.
This........Gee knows.
Posted on 4/5/11 at 2:41 pm to CarlJH25
Thanks for the advice everyone. I am going to try to get the owner to take the cost of the rewiring if he bites on that.WhatI hoping is that he will have no choice but to rewiring, since he is moving in a month for a job transfer, and cannot keep the house.
Posted on 4/5/11 at 4:20 pm to CarlJH25
quote:
Thanks for the advice everyone. I am going to try to get the owner to take the cost of the rewiring if he bites on that.WhatI hoping is that he will have no choice but to rewiring, since he is moving in a month for a job transfer, and cannot keep the house.
I would rather get the money and do it just to make sure its done right.
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