Electrical – Benefit to running electric wires through walls vs attic/basement? 1-story house

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We're planning on getting some updates to the electric wiring in our house. Installing more wall outlets, removing some knob & tube in the attic, installing GFCI outlets in required places, and generally getting things up to code (or closer to code).

The house is a 1925 bungalow, 1-story, with an unfinished attic and basement. Plaster walls. No plans to finish the basement at any point; it's used only for storage, work space, etc. All the wiring in the basement is easy to access – no ceiling. A bit less easy to access in the attic, due to insulation. Current wiring is a mix of knob & tube in the walls and attic (yes, possible fire hazard with the insulation), conduit and NM in the basement.

I realize that some of the wiring needs to run through the attic (we have 2 ceiling fans, 1 bath fan, and 2 overhead lights), but for the rest of it, can I have it all run in the basement, or as much as possible, and keep it out of the walls, except when directly underneath a switch/outlet/fixture? I'm not planning on doing the work myself, but I like the idea of being able to see it all, for maintenance and safety reasons, even if it means more linear feet of cable. That's a trade-off I'd be willing to make, if cost were the only factor.

Are there other factors to consider?

All the old knob & tube in the walls and attic would be disconnected and left in place.

Best Answer

Doing the downstairs wiring in the basement is usually the way to go for the first floor, it's almost always easier to work in an unfinished basement than an attic.

If you can find someone that's experienced with homes with this older style of architecture everyone will be happier.