Things to Consider When Buying an Older Home

Old is gold’ and arguably, that’s never been truer than when it comes to houses. Every house has problems, but sometimes the older they are the better they are. If you are buying a house that is getting on in years, whether 50 or 15, you will definitely stumble upon problems which you will have to take into account. Several Ready to Move in Flats in Ghaziabad, Noida, Delhi, Bangalore and other parts of the country are put on resale by the owners.

Things to Consider When Buying an Older Home

First and foremost you have to check as to how many times the house has changed hands. The more people have gone through it, the lower the maintenance. You should have the house inspected by a professional or a house inspector who is able to give you proper advice as to the present condition of the house and the changes you will have to make.

You should draw out a sale agreement covering the inspections and testing, by hiring experienced professionals to evaluate your potential purchase. With a contract protecting you from major defects you can focus on other important aspects of home buying like location, size, character and potential of the home if it is suitable to your family and lifestyle. Look at the quality of the exterior finish, and you can gauge the condition of the house.

The questions you should consider are –

Foundation and Structural issues, like, are the foundation solid? Higher maintenance and repairs should be factored into your budget.

Electric wiring as to how old it is and what was the material used, when was it last changed?

Plumbing –is it a mix of old and new materials. Iron and lead pipes can get clogged due to corrosion, so you will have to update some of the pipes and fixtures. Ask if any changes were made regarding the plumbing system.

Termites and Bugs – they can ravage the homes and our woodwork and takes a long time before they are detected. Insulation is another hazard which one faces when buying an old home. See the red flag and take proper measures.

Inefficient windows- they could be single pane, with leaks and the sills corroded. See that the doors and windows are not stuck and give proper protection.

Roofing – see that the tiles/singles have not surpassed their life expectancy and check what requirements are needed.

Health and safety –recent developments have changed building codes and product specifications, some safety items can easily be added or altered in older homes, e.g. hand railings can be altered, smoke detectors can be installed, and lead paint should be removed. So there are various factors that you have to consider before you go and buy an old home.

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