6 Tips For Buying An Older Home

Older Kent homes sometimes offer more charm and character than the newer houses of today. They boast gabled roofs, crown moldings, hardwood floors and antique fixtures.

Buying an old house is like buying a piece of local history. Its beautiful period features can give it a timeless beauty and grace that is hard to resist.

However, buying a house from another era can be an endeavor fraught with potential problems. Older houses are not necessarily built to the same electrical or plumbing standards of today. Plus, if they have not been maintained correctly through the years, they can turn into a serious money pit or a potential hazard.

Here are six tips to keep in mind if you are considering buying an older home:

1. Always hire a professional real estate inspector to take a close look at the property. A professional inspector is trained to spot structural damage or issues that might seem minor, but may cause major problems in the future.
2. Look for signs of moisture damage. Many old houses have problems with moisture because over the years they have settled.
3. If the old house you are considering has vintage wiring, such as the knob-and-tube technology that was popular around the 1920s and 1930s, plan to completely update the wiring for your safety.
4. You might need to add insulation. Many older homes don't have insulation in the walls or attic, which can increase the size of your energy bill.
5. Be on the look out for iron pipes, which were popular up until 1940. They can become clogged with rust and may need to be replaced.
6. Have the house tested for asbestos, if it was built before the 1960s.

These are just a few things to which to pay attention out when buying an older home.

Take time to inspect the property thoroughly. With proper attention, you can mix today's modern technology with your home's period features to create a combination of charm and safety.

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Real Estate Trends: Homebuyers Make Lifestyle Priority

The real estate saying, “location, location, location” might not hold as much weight to this generations buyers. According to Realty Times, lifestyle options including health, safety, and nearby activities may be a leading factor in home buying selection.

A recent survey conducted by Better Homes and Gardens Real Estate LLC and the Meredith Corporation reveal that homebuyers prefer these traits in their community:

1. Ease of commuting by car: 38%

2. Access to health and safety services: 34%

3. Family-friendly neighborhood: 33%

4. Availability of retail stores: 32%

5. Access to cultural activities: 21%

6. Public transportation access: 19%

7. Nightlife and restaurant access: 18%

8. Golf-friendly area–access to golf courses: 6%

If the community a buyer is currently living in doesn’t meet these desires, 1 in 5 homeowners have moved or would like to move to better fit their lifestyle. This data lets you as a seller know how to market your property to the way home buyers think and what they want. Showcase your home and describe how closely it meets the listed criteria.

If you are looking to sell or enjoy getting more real estate tips and trends to help you understand the current market, contact SI Real Estate at 813.631.5144 or email us at Yourhome@sirealestateinvestmetnts.com.

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