I am a DIY'er for sure. I don't have much electrical experience, but done drywall, plumbing, etc. lots of automotive and motorcycle work, so I have a bit of a background fixing and making things work 
Below is a picture of one of my bedrooms. Near the baseboard you'll see there is a cable outlet and a power outlet, both of which I am concerned with. I want to wall mount a LCD TV and have it be as clean as possible.
I figure the cable TV is low voltage and no big deal. I was in the attic running the CAT-5e for my house and saw where that went down. I figured I could cover that with a blank plate and simply install a low-voltage gang plate up higher where the TV goes and then install the cable outlet behind the TV.
I figured adding a second power outlet up higher would be more logical than simply trying to re-locate the current power outlet. That outlet could come in handy for a vacuum or something else, so why get rid of it.
Here is what I thought:
1. flip the breaker (be safe)
2. remove each of the wires from the electrical outlet.
3. using caps put the original wire along with 2 sets of wire in a cap and twist together tight.
4. re-install one set of wires in to the existing outlet
5. install the other set of wires higher up where the new outlet would be.
for the new outlet I would buy the same outlet (probably replace the original because looking at it, I see cracking of the plastic part and it visually looks beat) along with a higher voltage gang box. Secure gang box in, snake wire down to original outlet and then proceed with the steps above.
I am no electrician (obviously) and I know some things must be done "to code", but is this something that really requires I pay someone?
what tips can you give me if I am off on any of this?
Thank you!
Below is a picture of one of my bedrooms. Near the baseboard you'll see there is a cable outlet and a power outlet, both of which I am concerned with. I want to wall mount a LCD TV and have it be as clean as possible.
I figure the cable TV is low voltage and no big deal. I was in the attic running the CAT-5e for my house and saw where that went down. I figured I could cover that with a blank plate and simply install a low-voltage gang plate up higher where the TV goes and then install the cable outlet behind the TV.
I figured adding a second power outlet up higher would be more logical than simply trying to re-locate the current power outlet. That outlet could come in handy for a vacuum or something else, so why get rid of it.
Here is what I thought:
1. flip the breaker (be safe)
2. remove each of the wires from the electrical outlet.
3. using caps put the original wire along with 2 sets of wire in a cap and twist together tight.
4. re-install one set of wires in to the existing outlet
5. install the other set of wires higher up where the new outlet would be.
for the new outlet I would buy the same outlet (probably replace the original because looking at it, I see cracking of the plastic part and it visually looks beat) along with a higher voltage gang box. Secure gang box in, snake wire down to original outlet and then proceed with the steps above.
I am no electrician (obviously) and I know some things must be done "to code", but is this something that really requires I pay someone?
what tips can you give me if I am off on any of this?
Thank you!

