Buying a house is always the dream of many people. But it’s not everyone’s cup of tea, not everyone can buy it again and again. There are many things to be kept in mind when you plan for buying an old house. If you are going for new construction, then there will be no issue regarding anything, because all you are going to do is a new and fresh start.
Well, if you are going for buying an old house, there are lots and lots of benefits, as you get an ancient, strong construction, get half the amount to be paid and can get the house renovated into the modern look according to your wish.
But, buying an old house can also be a disadvantage as it may cause many issues, whether it be related to construction, maintenance, property transfer papers, and so on. So, for your safety, before you plunge and make a payment, here we have few points on factors to be kept in mind before buying an old house.
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5 Factors To Consider Before Buying An Old House
1. Get a look-over or investigate
The number one in the list one should always be preferred. If you liked the house and are thinking of buying an old house, then you must investigate the owner and foundation. Try to investigate the reason of the owner behind the selling of his house and the surroundings.
Always go through the papers before signing it and if you have some doubt, then contact your lawyer. If everything looks ok, then proceed further.
2. Check electricity wiring and bills
Older structures always require renovation and especially in terms of electricity. Don’t forget to check the wiring of the house by just being after buying an old house anyhow. Be sure about the connections and don’t assume that the owner might have renovated it by being up to date.
Having an electrician suspect will always be a good idea. Go for it soon. Check all the electricity bills, whether the owner has paid all of them or not. If not, then clear it before you shift to your old new house. Otherwise, you have to pay and if not paid, your lines may get cut.
3. Age of the roof
The old roofs are stronger than the roof of today’s construction. But, still, according to the survey, it is said that roofs need to be replaced every 15-20 years even in old construction. See when was the last time the roof got replaced and find out about the quality of the material used.
Always look for the cracks and the leakage, if there, then, you should think of buying it, because it may get you to spend a lot of money on replacing the roof.
4. Look after water supplies and facilities
Water pipelines and supplies are the daily basic maintenance thing you should never forget to look on. Try to look for the material used for plumbing and whether it is in good condition or not. Check the availability of water, whether, it is available 24/7 or not.
5. Renovation Plans
Even if you are buying an old house, some sorts need to be renovated. Look for the things you don’t like and you think to be renovated. Like the painting of the wall is a must when you are shifting to your new house. Look for the new good furniture and try to replace the old one.
Look for the constructions of the wall and if everything seems to be ok, then enjoy your living in your new house without spending any extra money for renovation.
Hence, the above 5 were the most important factors to consider before buying an old house.