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Choosing between 12- or 14-gauge wire for your house depends on the electrical requirements of the circuit. A 12-gauge wire is thicker and can handle more power, making it better suited for devices such as kitchen appliances, air conditioning units, or electric heaters.

A 14-gauge wire is thinner and can handle less electrical current than a 12-gauge wire. It's ideal for circuits with lower power requirements, such as lighting or general-purpose outlets in bedrooms or living rooms.

The copper wire used in knob and tube wiring systems can last up to 100 years. However, it’s considered a dangerous and outdated wiring method because the cloth, fabric, or rubber insulation sheathing can become brittle and fall apart. Knob and tube wiring systems should be inspected if you’re considering buying a home with this type of wiring, or if you have problems with frequently tripping breakers, a sign that you may need to replace them.

Before you start doing anything else, you must call your electric company to confirm their process. It is technically their meter that you’re moving, so there’s really no such thing as free rein. Moving the meter generally involves disconnecting power from the utility company, disconnecting the cables that run into your electrical panel, and dismounting the meter assembly. Once uninstalled, a handyperson will remount and reconnect the wiring in its new location.

The cost of fixing faulty wiring depends on the type of repair required. Replacing an electrical service line, for example, can cost up to $500. Rewiring an entire house will cost at least several thousand dollars. Replacing old wiring like knob and tube wiring will be even more expensive, but fortunately that kind of outdated wiring is fairly rare. Always get an estimate from a reliable electrician to learn the cost details.