My house was fully renovated in the early late 80s / early-mid 90s so when we came here just before the turn of the millennium, it all felt reasonably up-to-date. I have a builder here at the moment and he commented something about my "old system" (not the boiler, that's new, but the old pipework and radiators) and it got me thinking that the electrics are similarly old.
How often should electrics and plumbing be fully renewed? And how do people do it without having to redecorate and re-floor every single room?