Buying an old house can bring charm and craftsmanship to one’s life and there are several things that have to be said about it. But one needs to also uncover the mishaps and ill luck that could be lying in wait at each corner of the walls of that old house. The author believes that buying an old house has benefits that have to be considered but it also has its cons and what if situations that one needs to also put into account. The author has himself lived in a old house that was built in the 1920s. The house had a number of things which he is still discovering about it like various iceboxes that were scattered about the house, along with the fact that while redoing the basement his parents discovered an old door leading under it. He believes that the old house is still settled to the earth despite its age. The recent census data that was released by the US census bureau reveals that about 13.5 percent of the houses in the United States were homes that were built before the 1940s and another 19 percent were homes that were built before 1950. This shows that many homes in the United States can be termed as old houses.
- While older homes are often high in charm, they also tend to have many expensive-to-fix problems that will not come to light without a thorough review.
- Currently, data shows that about 13.5% of available U.S. homes were built prior to the 1940s.
- If a potential old home buy is priced suspiciously low, it pays to thoroughly do your due diligence before handing over a dime.
“Yes, purchasing an old home has many benefits, but it also has its fair share of what-ifs that you’ll need to take into consideration.”