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This is actually NOT something that you have to replace.
The first thing you want to look for is significant vertical cracks.
You might even see some cracking around windows and doors due to settling issues.
Some cracks around windows and doors in old house are simply due to the plaster being old.
The good news is we were proactive about this problem so our floors were not badly sloped.
So we decided we decided not to lift the house 1/16 of an inch.
Search for updating knob tube wiring yourself:
There was updated wiring from the kitchen renovation (done in the late 1970s) tied in with the knob and tube. Other costs to consider: Adding more outlets: When you completely upgrade your entire home's electrical system you might have the added cost of adding more outlets due to the electrical codes in your area.