14 May 2021
Is it Okay to Buy a 60-Year-Old House?
Older houses built during the 1900s tend to be popular options for first buyers and investors, especially if they intend to flip these properties by selling them at a higher price. But if your plan is to live in a 60-year-old house, there are certain things that you need to be aware of whenever you decide to purchase a home this old.Â
For instance, older houses tend to have foundation issues. They can have cracks on the floor, moisture behind the walls, or structural damages that can be really expensive to fix. Older houses also tend to have mould and chemical problems that can affect the health of you and your family.Â
Look out for any plumbing problems, since houses older than 50 years old tend to have outdated plumbing systems. Search for any leaking or slow water drainage on bathtubs and showers.Â
It is recommendable that you hire an inspector to look at your house, for you to know its conditions. Still, older houses can be a great investment if you intend to repair them. Any old house is most likely to have drawbacks, but all of it can be solved if the house is taken care of properly.