The cost of wiring a house is not standardized. Your location, the house size and a host of other elements will affect the price.
Rate in the United States: an Example
The rates vary around the world of course. In the US (120 volts, 60 Hz), the charge is on a per square foot basis (heated space). The current rate is around $4.50 to $8.00. Given this example, a 1,000 sq ft area will cost about $6,000.
This will include the labor cost and also the materials that the electrician needs to use. However, this computation does not include fixtures. Those are additional expenses.
The Do It Yourself Option
The cost of wiring a house is reduced if you decide to do it yourself. If you choose this option, you will need to get several things from the store. Among them are the panel board, breakers and the wires. The cost of these materials will depend on the area to be covered. In general, it should cost less than $2,000.
Other things that you will need are screws, bolts, boxes and switches. If you are going to do extensive wiring, you will also need a lot of plugins, outlets and adapters. Even if this is a DIY, the cost could go up by a bit.
Rewiring a Home
If your residence is old, it might need rewiring. The cost starts at around $4,000 and go up to $7,000. The cost of wiring a house in this manner will be $1,000 alone for the equipment. Again the rates will depend on the extent of work to be done. But assuming you want to wire a two bedroom house, the fee will be around the $7,000 mark. For larger houses the cost will go up much higher.
Access can determine the cost of the project. If the access is not good, a lot of reworking will have to be done. This will increase labor costs and also more materials have to be used. The minimum is usually around $8,000 but it can reach $20,000.
Before you call the electrician in, get an idea of the cost of wiring a house. Make a note of all the sockets, switches etc. that need to be changed. Measure the total wire that needs to be used.
Don’t forget to include the costs of drywall.
If you want to include additional 220v lines or outlets, include this too. It is also a good idea to speak with an electrician in the area. This should give you an idea of how much it will cost you all in all.
If your funds are short, you don’t have to wire the whole place. Start only with the critical ones. When you have enough money, you can call the electrician again and finish the work.
If you are going to do it yourself, do not scrimp on the materials. The cost of wiring a house is quite high. But poor wiring can lead to fire and accidents, which are of course more expensive in the end.