I live in Cherry Hill. Most of the homes were built in the 1050's-1960's. The quality of most of the construction was superior to homes built after that period of time. In the 1970's, there was a shortage on building materials and some less than quality construction...aluminum wiring, etc. The biggest worry in old homes goes back prior to the 1950's with issues such as knob and tube wiring, interior asbestos. There are a few neighborhoods that were built when Cherry Hill was still called "Delaware Twp." so those homes may have these "old" issues.
One nice thing about the older homes are the hardwood floors. When looking at homes (even new homes)look for major warning signs: are the floors even, is there a slant to the home when you walk around, is the electrical panel and wiring updated, how are the windows, etc.
Then follow Carolyn's advice from TX and get a good home inspection no matter where you purchase. Every home has some issue, from major to minor repairs. Good luck!
The useful life of a roof is typically about 20 years, though roofs in areas that are prone to severe weather (eg Hurricanes) may not last as long.
Older homes (built before 1978) may contain lead-based paint, which is believed to cause certain health problems.
Plumbing and electrical components of older homes often require updates.
Always seek the advice of a licensed and bonded home inspector prior to closing on any home (new or old) that you are considering purchasing.
An age of any home matters.
However, if it well maintained and updated you still need an excellent
New homes built by reputable also have problems now-a-days and should also be
So a 30 to 50 year old homes are just fine, if kept up well and updated, do not discount
Depending on your taste, some elements may not be available in an older home - like vaulted ceilings, large closets, etc. I've got several buyers that are singularly focused on new(er) homes, but the inventory is scarce and the demand high.
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EXAMPLE here in Dallas the most expensive sought communities are historic homes however few older areas of Dallas older homes are less desirable.
Consider schools, crime, location, resale value
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Let me finish with a personal experience. I was a first time buyer in 1983. Had a choice between a beautiful older Victorian home versus a brand new (watching it be built) home. Chose the new house . It was build by a very reputable builder (at the time he was president of the NJ Builders association).
Within the 13 years I owned that home, we had to replace all the windows, had a leaky roof, had the water main in the front yard burst, and had a flood in the garage due to poor grading of the driveway.
So as you can see there can be problems with a new house as well as an older one. If you truly love the older home, give it a shot. Best of luck with your search.
Lots of reasons to say no. if the house has been maintained I really believe that an older home has better "bones" in some cases. Thats why I encourage my sellers to fill out a disclosure to give a potential buyer a good idea of age of the roof, furnace, AC, and any other Improvements. However, just because the roof is old, doesnt mean you should rule out a house. As a homeowner, no mater the age, you have to expect that somewhere down the line replacement, repairs and upgrades .
Since you said the were updated, I encourage you to take a second look, talk with your Realtor for advice, and of course have a home inspection.
My home was built in 1972 and at 38 years old has had just about everything replaced or updated.
property but not your neighbor's. A home inspection will answer your concerns regarding a specific house,
but your own eyes will be the best guide to the neighborhood. And a good agent will not hesitate to voice his/her opinion as to the important considerations you must evaluate before making an offer! Pick your agent's brains. After all, this is their business. I will not wish you "good luck". You need lots more than
luck to make a good decision.
If the home meets your needs.....really meets your needs, its age is irrelevent. More important considerations could be: location, community, resale value, schools, the home's physical plan, etc.
If the home is well maintained, has been updated where necessary, and meets your personal criteria, it may be a mistake to overlook it.
Keller Williams Atlantic Shore
You'll find very little if any nw construction in Cherry Hill. Cherry Hill is an established town. Most folks who consider Cherry Hill for housing do so for the convenience of commuting virutally anywhere. The schools and municipal services are very good too. Conditions of homes will vary regardless of age. New does not mean no problems either. To add to the suggestion of getting a home inspection I'd say get a local well established reputable home inspection. Most seasoned Pros can recommend a few. For your convenience feel free to search our entire inventory of homes for sale at http://www.YourNJHomeSearch.com You can view all of Cherry Hill and surrounding areas active listings. There's a cool map search there too. All pictures and tax info is shown as well.
Jeremy S. Hill, Realtor Associate
Keller Williams Realty
Licensed PA, NJ
"Your Interest 1st Always"
It is also likely that you are much, much "younger" than the homes in Cherry Hill, and that hesitation to consider older is normal. I had a Broker who would always say "young buyer, young house". And as silly as that sounds it was true. So the young couple who started out looking for that cute little grandma's house, normally ended up buying something more contemporary, and don't tell him but my Broker was often right. ;-)