If you’re looking at homes for sale in Fort Mill SC, then you may be thinking about buying an older home. Older homes tend to have a lot more character than newer built houses, and they’re often more affordable as well. However, before you make the decision to invest in an older house, consider the following three things:
- There may be historical limitations — If you are thinking about purchasing a historic property, then be sure to look into any regulations or preservation requirements that the city may have on historic homes. Otherwise, you may not be able to do some of the renovation work that you were planning on doing.
- You may have to put a lot of money into repairs — The older a house is, the more likely it is that it will need extensive repair work. You may think you’re getting a great deal initially, but this could change once you’ve poured money into replacing the plumbing, replacing the wiring, replacing the HVAC system, fixing the damaged roof and repairing the foundation. A home inspection may uncover a lot of these issues, but don’t be surprised if other issues pop up. Find out how much it will cost to make repairs that you know need to be made and really think about if it’s worth the time, money and hassle.
- The house may have health hazards — Health hazards must be disclosed by the owner, but they are still issues that you will have to deal with. Older homes often have insulation containing asbestos and may have been painted with lead paint.