We're planning on getting some updates to the electric wiring in our house. Installing more wall outlets, removing some knob & tube in the attic, installing GFCI outlets in required places, and generally getting things up to code (or closer to code).
The house is a 1925 bungalow, 1-story, with an unfinished attic and basement. Plaster walls. No plans to finish the basement at any point; it's used only for storage, work space, etc. All the wiring in the basement is easy to access - no ceiling. A bit less easy to access in the attic, due to insulation. Current wiring is a mix of knob & tube in the walls and attic (yes, possible fire hazard with the insulation), conduit and NM in the basement.
I realize that some of the wiring needs to run through the attic (we have 2 ceiling fans, 1 bath fan, and 2 overhead lights), but for the rest of it, can I have it all run in the basement, or as much as possible, and keep it out of the walls, except when directly underneath a switch/outlet/fixture? I'm not planning on doing the work myself, but I like the idea of being able to see it all, for maintenance and safety reasons, even if it means more linear feet of cable. That's a trade-off I'd be willing to make, if cost were the only factor.
Are there other factors to consider?
All the old knob & tube in the walls and attic would be disconnected and left in place.