Financial Considerations for Residential Wiring |
So, you are convinced by a wealth of options and possibilities offered by a smart residential cabling system. Now let’s talk business: · How much does it cost? · How much for wiring components? · How much for installation? · What is an expected resale value if my house has an advanced wiring? Below are the concise answers: · Upgrading wiring in existing homes costs 25%-30% more than including all the needed wiring during home construction process. · Typical residential telecom wiring systems cost from $1000 to $3000. Moderate wiring costs less than $1000. · Installation costs $700 - $2000 for new construction and from $1500 - $4000 for existing homes · Smart wiring adds 5%-10% value to a typical $200,000 home. In the near future, homebuyers will simply demand the advanced residential cabling system. |
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