Many people consider buying an older home due to the classic architecture and style of the building. Others want to purchase an old house because they’re looking to remodel and customize it. When you want to prepare for the process and protect yourself from buying the wrong house, there are several issues to avoid.
Water Damage
Water damage is extremely common in older homes due to roofs that are deteriorating. There is often missing shingles present on the structure, which can cause the roof deck to become exposed to moisture. Leaks that develop can quickly lead to damaged materials and mold, which is a health risk to residents.
Hire a professional to inspect the interior of the home and look for areas where mould has developed. The inspector will access the attic and also look for water stains or regions where sunlight is visible. They may also hose off the roof with water to determine if any areas are not sealed. If the roof is failing, you’ll need to question if it’s worth replacing if you purchase the home. In some cases, you can even negotiate a lower price if the roof isn’t safe.
Cracks in the Foundation
Foundation and structural issues are considered to be a serious problem because they can cause cracks to form on the floors and walls of the home. The cracks are even known to cause the floors of the home to be uneven and is expensive to repair. Dry rot, corrosion, and moisture damage can all develop due to the structural issues. Although a home inspector will confirm the problem, common signs to look for while touring a home include doors that jam, cracked tile, and visible wall cracks.
Most home buyers often avoid purchasing homes with structural issues because the cost can often add up to more than $10,000, which isn’t covered by homeowner’s insurance. If you’re still willing to purchase the home, consider negotiating the repairs into the offer that you make. The seller can also perform the necessary repairs and provide a home warranty to ensure that the work and materials covered long-term. If problems occur in the future, you won’t be responsible for covering the costs.
Hazardous Materials
According to moneycrashers.com, hazardous materials are extremely dangerous and are in homes that were built in past decades. Lead and asbestos are the most common and can cause different health problems for those who come in contact with the chemicals. Lead is in the paint that was applied in older homes and is most harmful to children.
Asbestos can cause respiratory issues and is in the insulation of buildings from the 1970s. You’ll become exposed to the material when coming in close contact with the crawlspaces, pipes, and the walls. When buying an older home, these items should be top of mind for the buyer.
Insect Infestations
Termites and other types of insects are known for being a problem in older homes. Termites can begin to break down the structure of the building by eating soft wood and can cause part of the home to be unstable. Leaks are a common indicator that termites may be present.
Drafts
Drafts often develop due to cracks or holes that have formed on the walls and siding of older homes. The drafts can allow air in from outside and can also allow air to escape from inside of the home, which can significantly increase the energy usage on the property. Hire an inspector to determine how serious the issue is and consider caulking the cracks to seal them properly.
It can be exciting to purchase an older home and have an appreciation for the design of the building. You can get plenty of use out of the property and remain safe by taking time and effort to discover if there are common problems that can quickly escalate. If you’re smart, and well researched then you’ll be able to find the perfect home for you.
And remember, if you’re looking to buy a home, newer or older, call Bo Kauffmann of REMAX first….. 204-333-2202
About the Publisher
Bo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist.
Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages.
He can be reached easily By E-Mail or call/text him Call/Text Here
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