If you are remodeling or live in an older home, then it's very likely that it's time to upgrade your service panel. Don't make it a project that that will have to be done again because it wasn't done right the first time. Set a budget for a service panel upgrade. Speak to your electrician. Our service professionals will give you different options. Share with him your plans. Let your service professional know what kind of appliances or equipment you currently use and what will be used in future.
Today, we use a lot more electronics, including computers, televisions, radios and other devices. Our home eats up plenty of electricity, especially since a lot of the electronics are connected 24 hours a day. Simply put, if your home is older than 20 years old and has never had a service panel upgrade, then you should look into upgrading your service panel.
If you currently have extensions cords plugged in, so that you can connect multiple devices into one receptacle, this could be a fire hazard. This is especially so if you have an older electrical panel.
Always use caution. While doing things yourself is a great way to save money on such things as painting or landscaping; hiring a qualified service professional to work on anything electrical is by far the safest choice, not to mention the most economical since you will not have to pay for for damages and repairs in the event of bad wiring.