I've asked this question of 4 people in the electrical and real estate field around here and I'm getting 4 different answers. I'm hoping someone here can provide some perspective on my question.
My house was built in the '20s. It was partially remodeled sometime in the '50s I'm guessing because of the presence of some of the early "romex" style wring mixed in with the original KnT. As time and $$ have permitted I have been slowly replacing the wiring in my home. Well now we have an opportunity to buy a new place that we're really interested in. Problem is it won't last long so we'll have to put an offer in quickly. We will also have to get our current place into a salable condition very quickly as well. (I don't feel like paying for a bridge loan
That is my main question. What is needed to get a home to a place where it is legally and practically ready to be sold?
The following items seem to be mentioned alot. The problem is that I get mixed messages about whether they are legally required or just best practices that will make my home more attractive:
1. Knob n Tube - Realtor tells me it all needs replaced. Reputable electrician friend says the requirement is to just replace what is visible and easily accessible with no need to rip open walls and ceilings.
2. Hardwired Smokes - Have only battery ones now.
3. Overall NEC adherence - I've already got my bathrooms on dedicated circuits w/ GFCI. Anything I have already done I have brought up to code. Am I obligated to put enough receptacles in my home per code? (That would add a ton of time and $$ to the project). What about the kitchen circuits?
Any other advice would be helpful.