Older homes often have a lot of character and can certainly increase a buyer’s options. However, age can have its detrimental side and there are a number of factors that should be looked into before deciding to purchase.
- Structural and Foundation: Unevenness and cracks in the foundation can mean trouble down the line and its best to have the building inspected by a licensed structural engineer.
- Hazardous Materials: The older the home is, the more likely it is to have some hazardous materials. Lead can be found in paint used before 1978 and plumbing before 1985. Asbestos can be found in roofing and insulation installed before 1980.
- Plumbing and Electrical: Old plumbing and electrical systems can be a safety hazard and may be very costly to replace.
- Heating and Cooling Systems: Poor efficiency often mars older heating and cooling systems.