3 Essential Things To Have Checked Before Purchasing An Older Home
Are you tired of living in a rented home? Have you been considering purchasing an older home for you and your family to live in? Purchasing an older home is something that makes financial sense for many people. Depending on your location, an older home can provide much more value than a brand new one for the same price. A larger yard, a bigger house, or a better layout for your needs may all be things that you'll find by choosing an older home over a newer one. But buying an older home isn't always a perfect solution. There may be issues that you wouldn't expect to find in a newly-built home. It shouldn't prevent you from buying an older home, but some things that you want to be aware of include:
Aged roof: The older a home that you purchase is, the more likely it is that it's nearing time for a full roofing replacement. In many instances, the cost of purchasing the house plus the roofing replacement is still going to be less than if you bought a brand-new house with a brand-new roof, but it is still something that needs to be taken into consideration. Too many people buy a home without thinking about the roof at all and are surprised when it starts to leak after a few years. By thinking about the roof replacement now, you'll be less likely to be taken by surprise by a necessary roofing replacement.
Outdated wiring: If a home was built in the 50s, it may still have at least some of the wiring left over from the 50s. Homeowners often update things one room at a time, so you might find that the bathroom has a modern GFCI outlet but that the bedrooms haven't had any updating with the exception of getting new receptacles installed at some point in the past. Having outdated wiring in a home can be dangerous. The electrical code, or rules that electricians must follow, is constantly being updated to keep up with modern innovations and safety discoveries. Before you buy a house, you should always have it checked out to determine if the wiring is outdated and how much it might cost to have it brought up to current standards.
Old plumbing: Antiquated plumbing isn't usually as dangerous as outdated wiring, nor is as potentially hidden as needing a roofing replacement, but it can possibly be more expensive than either. A burst or leaky pipe can cause a lot of damage before it's noticed, especially if it happens while you are at work or away for the weekend. Make sure to have a professional plumber check out the house to see if there are any sections of pipe that look questionable and have them replaced before anything untoward happens.