Did you know that over 5 million existing homes were sold in 2018?
With so many existing houses sold many of those homes were possibly older houses.
Buying an old house can mean getting a “new to you” home at a bargain, but it can also be costly if you’re not careful. Keep reading to learn 4 hidden problems you should check for when buying an old house.
New construction can’t give the same charm that old homes have. The only problem is that an older home might come with large issues that you want to avoid. When figuring out where you can afford to buy a home, knowing what to look for in an older house can save you major headaches in the future.
Water in a home is a huge problem. Making sure the roof doesn’t have leaks is an important thing to look for. Look at every ceiling in the house and if you spot any water spots or stains have those checked out.
Water spots and stains are signs of leaks.
You can find this in older construction because it’s a flame retardant. When they realized that when it’s airborne the fibers can be inhaled and lodge in the lining of the lungs they banned its use. If your home was built before the ban (1989) you want to use a service like this to make sure you won’t be moving into an asbestos-filled home.
Keep in mind that a home inspector might be able to point out what looks like asbestos but they can’t say for sure. It has to go through testing.
Older homes had different electricity needs and they used a knot and tube design in their wiring. It was an effective way to wire a home but as time passed the insulators broke down which left exposed wires.
If you notice exposed wires you want to check the wiring and if it’s the older wiring design you will want to have it upgraded to accommodate modern electrical needs.
Older homes weren’t set up for central cooling and heating systems. If the home hasn’t been renovated then it might even have a fire furnace that was used before to keep a house warm. It might not even have a cooling system either.
Because there wasn’t a central system and it’s an older home keep in mind that the home probably wasn’t constructed with ductwork. This means that you will have to use window units for your cooling and heating methods.
Buying an old home is exciting no matter what. Although buying an old house will require you to do a bit more investigating it is worth it when you find your own little piece of history to live in. Do your homework and you will find the house of your dreams.
When buying your new home make sure you understand what a real estate disclosure statement is. Read all about it on our blog.
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