Buying An Older Home Watch Out For These 3 Key Flaws That Could Spell Trouble

Dated: 10/27/2017

Views: 194

Buying an Older Home? Watch Out for These 3 Key Flaws That Could Spell Trouble

Buying an Older Home? Watch Out for These 3 Key Flaws That Could Spell TroubleAre you a fan of homes with a bit more character than newer, modern designs? Whether in pristine condition or more of a “fixer upper,” older homes are incredibly popular in cities across the country. However, there are some key factors to consider if you’re thinking about buying a home built decades ago before modern standards were enforced.

Let’s take a look at three key design issues that you will need to be aware of if you’re thinking about buying an older house.

Old Electrical Designs Can Be A Significant Fire Hazard

No matter when a home was built, it’s almost guaranteed to have electrical wiring running through walls to supply rooms with lighting and power outlets. However, if the wiring was run in decades past it may be with older cords that are less able to withstand a modern workload. A quick check of the circuit-breaker panel or fuse box and the wires leading from it can give an idea just how old the wiring is. As older designs can be a fire hazard, you will want to ensure the wiring is up to date.

Poor Plumbing Design Can Lead To Rot Or Worse

Plumbing can also be an issue in older houses – especially those in states that experience a cold winter. Water pipes tend to expand and contract due to temperature, which can lead to stress and leaks over time. Moreover, even though older pipes are typically made of metal, they can still wear out. The last thing you need is to wake up to a flooded basement, so be sure to have the plumbing professionally inspected.

Is The Roof And Insulation Strong Enough?

While the roof might look solid from the outside, it may not be as well put together on the inside. Even the smallest of holes or leaks in roof membrane can wreak havoc on the structural integrity of the roof. It’s worth spending some time in the attic to inspect the inside of the roof, the condition of the insulation and how well the entire structure is holding up.

While the above list might sound a bit scary, it isn’t meant to turn you away from buying an older character home. If you’re diligent in checking out the home’s history and invest in a professional inspection, you’ll stay safe. When you’re ready to explore a mortgage for a character home, contact your trusted mortgage professional.

For More Info Visit: http://www.bondstreetmortgage.com

Want to Advertise on this Site?

Latest Blog Posts

Solar Roof Panels A Mainstream Option For Homeowners

Solar Roof Panels: A Mainstream Option For Homeowners? Do rooftop solar panels add value to a home, and are they cost-effective in terms of energy savings? The short answer is yes, say the experts.

Read More

Equity Loan And HELOC Vs Reverse Mortgage Whats The Difference

Equity Loan and HELOC vs. Reverse Mortgage – What’s the Difference? There are times in our lives when the idea of freeing up cash becomes desirable or necessary. Near retirement, this

Read More

Best Tax Deductible Home Improvements For Homeowners

Best Tax Deductible Home Improvements for Homeowners Before delving into tax-deductible home improvements, it’s important to understand that these tax deductions won’t be applied immediately.

Read More

Pros And Cons Of Adjustable Rate Mortgages

Pros and Cons of Adjustable Rate Mortgages When you are in the market for a new home, you may be faced with numerous options for financing your home. One of the choices you will have to make is

Read More