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Yes, you can convert a gas water heater to an electric one, but it is a complex process. You will need to ensure there is adequate power for the new electric unit, as they require more power than gas models. The project also involves safely closing off the gas lines and ventilation, and some cities may require a permit for the conversion. The cost can range from $1,500 to $4,100, depending on the installation scope, plumbing and electrical work, and the water heater model. For an accurate quote, it's best to contact a local professional. Also, be aware that your monthly utility bills may increase after the conversion, as natural gas is typically cheaper than electricity.

First, check the current electrical code in your area to ensure spaces you’re considering meet the requirements. After that, your outlet’s location is up to you. If you’re moving it to hide wiring, you may want to move it in a spot that will also be hidden from view, such as behind a media center or table. As long as you meet the spacing guidelines set by electrical codes, you should be able to pick any spot in your home for an outlet. 

In the case of electrical overflow, an ungrounded outlet should trip the circuit breaker, staving off dangerous scenarios. However, this is not always the case, especially if the wires and circuit breaker are worn down or damaged in some way. Ungrounded wires melt over time as they are introduced to more and more electricity. In other words, a circuit breaker offers protection in most instances but not always, and that’s where the danger lies with ungrounded outlets.

It can be safe to buy or live in a house with knob and tube (K&T) wiring, but only if the system is in good condition, functional, and has been thoroughly inspected and approved by a licensed electrician. Never purchase a home with K&T wiring without getting a professional electrical inspection first.

Key considerations include:

• Safety and Condition: An inspector will verify that the wiring is safe and has not deteriorated. Over time, the insulation can wear away, leaving exposed wires that pose a significant fire or shock hazard.

• System Capacity: The electrical service should be at least 60 amps. However, even at this capacity, K&T systems often struggle to handle the demands of modern appliances and electronics.

• Lack of Grounding: Knob and tube wiring is an ungrounded system, which is a safety concern for many modern devices.

• Ongoing Maintenance: If you live in a home with K&T wiring, it's recommended to have it inspected by an electrician every one to two years to ensure it remains in safe working order.

Ultimately, any inspection or modification of a knob and tube system should always be performed by a certified professional.