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The cost to replace or install an electrical outlet can vary. On average, you can expect to pay between $125 and $215 per outlet, including labor and materials. For a standard 120v outlet, the material cost is typically between $10 and $50. Labor costs for an electrician usually range from $50 to $100 per hour. The total cost can be higher if there are complex electrical issues to resolve. Specialized outlets like GFCI or high-voltage types can cost up to $50 each for the material alone. If you are replacing many outlets throughout your home, the total project cost could be between $900 and $3,000, but you may receive a better per-outlet rate from the electrician.

Basic smart light switches are available for as little as $20. If you can install them yourself, it’s a home upgrade that won’t break the bank. Many homeowners view them as a worthwhile investment for the additional convenience and security they can offer. However, they are a little more tricky to install than standard light switches, so if you don’t have the electrical knowledge to do a DIY job, unless you need a lighting upgrade, remember these are a nice-to-have rather than a necessary purchase.

Black is the standard color for hot wires, which transfer electricity to your outlets and switches. Red wires are also hot wires. White (and sometimes gray) wires are considered neutral, delivering power back to the panel. Finally, green wires, which are sometimes bare copper, are ground wires, used to ground an electrical circuit and prevent electrocution.

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.