Buying an older home has its advantages. Older homes tend to have unique visual designs that are missing from newer constructions, and they’re often more affordable as well. However, there are a few things to watch out for on your home buying checklist when buying an older home. Three of the most important things to look out for include following:
- The use of dangerous materials – Older homes, such as those built before the 1970s, often used materials that are now considered dangerous and are banned from use. For example, homes built before 1978 often made use of lead paint. Asbestos is another material that is potentially very dangerous and which was used for insulation and other types of construction. Make sure that the house you’re looking at is inspected for the presence of such materials. Not only do they pose a health hazard, but they can be expensive to remove or replace.
- Foundation and structural problems – Older homes are more likely to have foundation and structural problems. It’s extremely important that you find a reputable professional home inspector that will pay close attention when searching for any flaws in the home’s foundation and structure. Severe problems with the foundation can compromise the entire property and can be incredibly expensive to fix.
- Outdated appliances and systems – Check the home’s HVAC system and kitchen appliances. While older units may have a charming aesthetic value to them, they’re likely to perform less effectively and run much less efficiently. You’ll end up having to pay significantly more on energy costs and repairs as a result. Replacing these appliances and systems will also be very expensive.
These are three things to look for on your home buying checklist when looking at older homes. For more professional real estate advice, contact us at Randy Lindsay today.