Older homes, some people love them, some people hate them. There are some great advantages and some pitfalls of owning an older home
Sit down, strap yourself in, it’s about to get real!
Advantages: Older Homes:
- Are generally cheaper than new homes
- Tend to have better-quality construction.
- Often in more established neighborhoods.
- Usually have more character.
- Tend to have much larger lots than newer homes.
Pitfalls: Older Homes:
- Electric can be an issue in older homes. The home may have some very old wiring, such as knob & tube style wiring or aluminum wiring or outdated electrical panels. Older homes tend to have less outlets per room and less circuits to power those outlets.
- Balloon framing is a known fire risk and limits the types of extensive renovations you may be able to do, such as removing walls, etc.
- Insurance may be higher due older building materials.
- Water and sewer have several potential issues. Older plumbing pipes may contain clay or lead. Another element could be the distance between fresh water and sewer pipes, or well water and septic tank/field. In the 1980s it was common to use polybutylene piping, which has been shown to be prone to degradation leading to bursting.
- Older homes tend to have less or no insulation at all.
Well, I want to thank you for reading this article about XXXXX and hope you found it useful. I know buying or selling a home can be very stressful, but, realtors like myself are here to help and hopefully we can make your transaction as stress free as possible.
Check out Momentum Real Estate