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By nature, two-prong outlets aren't grounded—but the box they run to might be, which makes them safer. The safest way to test if an outlet is grounded is to purchase a circuit tester, which cost about $20 at home improvement stores. 

If you discover your outlet (or outlets) aren't grounded, know that this greatly increases your risk of personal injury and electrical fires. You may want to consider installing new three-prong ground fault circuit interrupter (GFCI) outlets. On average, the cost to install GFCI outlets is about $210 per outlet.

Most ceiling light fixtures only have a black, white, and green wire, but in some cases, you’ll also find a red wire in the box. This is a second hot wire, like the black wire, and is included for ceiling light kits that have a fan.

You can install a dimmer switch on almost any light as long as the switch, bulb, wiring, and wattage are compatible. Check what kind of light you have, the type of light bulb, and the total wattage of the bulbs to ensure your dimmer is a match. You’ll want to choose a non-neutral wire dimmer if you don't have neutral wiring. Homes built before 1985 that don't have updated electrical systems may not have neutral wiring.

Yes, the National Electric Code (NEC) requires at least one GFCI outlet in each sectioned-off portion of an unfinished basement, partly to ensure a power source is available for a sump pump in case of flooding. If you install multiple outlets in your unfinished basement, all of them must be GFCI-protected. For finished basements, standard outlets are generally permitted, but at least one GFCI outlet is still required per circuit. Keep in mind that local municipalities may have additional codes, so it's best to consult a licensed electrician to ensure your home is fully compliant.