Home Buying in Lancaster>Question Details

Patricia, Home Buyer in Lancaster, CA

There are many very old homes with all the features I am seeking, but I don't want to buy a 50 year old house!

Asked by Patricia, Lancaster, CA Sat Feb 9, 2013

What are the pros and cons of buying an older home?
Can I remodel and make the old home new?

Help the community by answering this question:

Answers

5
Dorene Slavitz (213) 814-5238’s answer
Dear Patricia,
To answer your question, you can certainly remodel an older home and make it "like new". It just depends on how much work you want to do on it. We have homes in my area that have been torn down except for one wall and been done over.
Some older homes have nice features that you might want to keep. I recommend you work with a very good Buyer Agent who can help you pick the right property.
0 votes Thank Flag Link Tue Feb 12, 2013
Patricia,

Please to not discount the quality of older homes.

Many of them were built with better material and workmanship than the newer homes you see today.

The only thing I would urge you to be on point with is having a good inspcetor come out and inspect the installation material.

Some older home may have been paitned with lead bsaed paint...just make sure there are to chips in the paint.

Not to mention older homes usually have much more yard space than the newer ones, so you will own MORE land.

Very Best Of Success To You, and enjoy your new home , even if it turns out to be a little old:)

Kawain Payne, Realtor
1 vote Thank Flag Link Sat Feb 9, 2013
Hi Patricia - there are some older homes that are in areas that seem to have held their value. College Terrace and Somerset in Lancaster West and Country Club in Palmdale are good examples. Both of these areas are in the 1964 YB and up. Country Club even has newer custom homes built near 1964 homes. It is all about LOCATION and condition of the home. If you buy an older home with the idea of remodeling, just make sure you don't "over do" and price yourself out of the neighborhood. Call me anytime 661-609-8394. I have been selling Real Estate in the Valley since 1980 and know the areas well. I will be happy to help you find a nice home in a great neighborhood, but hurry, inventory is low and pricces are rising rapidly.

Judy Bauer CRS GRI SFR
Coldwell Banker Bozigian
DRE Lic# 00763597
judy@judybauer.com
0 votes Thank Flag Link Sat Feb 9, 2013
Hello Patricia,

You've received some excellent answers - no matter the age a home can be remodeled to be whatever you want. It will depend on your remodeling budget, but there are some lovely older homes that have been updated - granite, tile, A/C, etc.

Your only limited by your imagination and your budget. Locally there are some excellent renovation contractors and lenders, I'd be happy to assist you with your needs as I am local real estate expert.

I look forward to hearing from you and being able to assist you.

Tamara Stoebe, REALTOR/Notary
GRI, e-PRO, CHS, QSC
DRE License #01827461
Prudential Troth REALTORS
1801 W. Ave. K
Lancaster, CA 93534
(661) 466-6849
Fax (661) 422-3006
http://www.TamaraStoebe.com
0 votes Thank Flag Link Sat Feb 9, 2013
Hey, some day you'll be 50!
There isn't any thing in a 50 year old house that can't be updated or fixed:
Most were built with a crawl space under the floors, particularly in California; and while nobody want to crawl under there, it does make for easier working.
Compare it to doing a frame-off restoration on a '62 Corvette. Same principle.

In addition, there are several programs where you can borrow extra money to do the re-hab and have it piggy-back on the Loan.
If you want details, e-mail Shane Milne at "thebesthomeloans.com"; he is also on Trulia, you can look him up and see his profile and recommendations.

Good luck and may God bless
0 votes Thank Flag Link Sat Feb 9, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer