We're purchasing a 3,800 square foot (4,200 with unfinished basement) 112 year old house with 2 floors and an unfinished basement, 4 bedrooms and 4 bathrooms that needs to be completely rewired as there are only 70 amps at this time with knob and tube wiring throughout. The house is tudor style with a wooden frame and plaster walls. We were given an estimate of $40,000-$50,000 for basic rewiring only without any recessed lighting or any other major fixtures, just outlets and switches. The electrician said it would probably take a month to do. I've tried to find information on expected costs but am having trouble and his numbers seem much higher than anything else on the internet. Does he sound way overpriced or could that be within range? We would be working through a general contractor. Thanks so much.