Flipping homes has become a very popular way of earning a second income. Reality TV has glamorized the process and more and more people are looking for homes on the market they can buy cheap and then remodel to flip for a profit. One area of the “flipping” that needs to be specifically addressed is in redoing the electricity.
Many older homes have what would be considered sub standard electrical work by today’s standards. However, because they were built prior to the new guidelines, they may have been grandfathered in for the existing work. If you are going to flip the home, you should upgrade the electrical work, as it will only make the home more marketable.
In most cases, doing a major renovation will require permits and approval from the local inspector. In order for the home to pass, a licensed electrician will be required to perform the work. Mind you, we are not speaking about a general contractor, as some people will get confused between the two.
Licensed electricians are required to pass significant testing on all aspects of the profession before they are certified. A general contractor need only obtain liability insurance and then apply to their local state for a license. They may have a general knowledge, but they may find themselves in over their head for certain projects and will literally walk away, leaving the flipper literally out in the cold.
The benefit in hiring a licenses electrician is that you have someone to fall back on if there are problems. For instance, electricians are required to be not only licensed, but also insured. If they run into problems and are unable to complete the job, there is a bond available to hire another electrician to complete the job. If you are flipping a house, you obviously want and need everything to be done by code, as you are the party liable. Simply put, it just makes sense to hire a licensed electrician for these types of projects.