Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2020 | 12 Posts
- 2019 | 42 Posts
- 2018 | 47 Posts
- 2017 | 45 Posts
- 2016 | 47 Posts
- 2015 | 54 Posts
- 2014 | 13 Posts
2
Considerations for Buying an Older Home
Considerations for Buying an Older Home
Character and personality are nice things to have in a home, but it does not always mean the home is going to be what you want. Fine woodwork, wrap-around porches, arched doorways, carved staircases and ornate tapestry are all part of the deal but it can come with additional risks and expenses of buying an older home. Learn how to protect yourself against these risks.
Foundation and Structure
Even the best homes can shift over time, causing cracks in the foundations and walls. Doors and windows may jam, chimneys need support, and stonework needs attention. Older homes are also at greater risk of termite damage, which impacts floors, structural walls, and the drywall.
Hazardous Materials
Homes built prior to 1978 often contained lead based paint, both inside and out. Old lead pipes can get into the water system. Asbestos was commonly used for insulation and fireproofing. This is all fixable, at a cost to the homeowner.
Electrical System
If you know the age of the electrical system, you are in good shape. If it is knob-and-tube wiring, you will want to replace it. Insulation for the wiring needs to be intact, and the electrical panel and circuit breakers should be up-to-date. If it was replaced recently, make sure it was done to code.
Old Appliances and HVAC
Kitchen and laundry room appliances, air conditioning systems, furnaces, and water heaters all have expected lifespans. A home inspector will check the age of each unit to determine typical remaining years. Figure this into your purchase price.
Trees, Leaves, Roots
One of the attractions of an older home is the beauty of an older neighborhood with trees and mature shrubs. These items are costly and often require regular trimming. Autumn brings leaves that need to be raked and bagged. Old trees have roots which can crack foundations and sidewalks, or grow into plumbing. Check to make sure the seller stayed on top of any root problems.
Don't let any of this deter you from purchasing an older home, full of character and charm. This can be a great way to renovate or update an old property and help you get on your way to owning a sweet old home. Just be aware of any hidden costs to eliminate surprises and keep you feeling good about the purchase.
Choice Properties understands your needs and desires when it comes to the home search. We are here to help you define what you want, seek the best property and move forward feeling educated and able to make good decisions throughout the process. You can trust us to help you navigate it with the best real estate agents working for you. Call us to get started on your dream home search today.