Home Buying in Rockville>Question Details

Chaoyi, Home Buyer in Utah

is it wise to buy a home in Rockville, MD, since all the homes there are older. What kind of problems would I?

Asked by Chaoyi, Utah Mon May 12, 2008

run into if I were to buy an older home? Thanks.

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Answers

7
There are benefits to purchasing a home that is in Rockville. Location, location, location.
Re: Condition of the home, make sure you get a good home inspector. Specifically look for water in the basement and wood boring insect damage to eat the wet wood; aging and leaking roof and older systems such as air conditioner, furnace, hot water heater and appliances.

Look at these items when you walk through a home for the fist time and you will start to be able to make a mental comparison between the properties. Many of the older properties have upgrades and are true gems. Don't be deterred by the age.
1 vote Thank Flag Link Sat Jul 19, 2008
If you are interested in a free, no obligation, confidential Buyer Consultation to discuss possibilities and market conditions, please call me for an appointment at my Rockville office. You may find it beneficial. Colleen Smith, Weichert Realtors 301-610-6444 xt. 136
0 votes Thank Flag Link Mon Mar 23, 2009
It is wise to buy any home. . as long as you do a complete and proffesional home inspection to porotect yourself,
As far as the problems that older homes present: mold, radon gas etc. . .then again. these problems are also present in some new home.

Home Inspection is the answer.
0 votes Thank Flag Link Fri Oct 17, 2008
Chaoyi, as a RE Consultant I will answer this question with a question! Are you looking to live in Rockville, or are you interested purchasing an old home?

The cost of utility and maintenance are much higher on older homes than newer homes. Older homes may suffer from cracks, radon gas, lead based paint, mold, infestation, and more. However, older homes have stronger structure, higher quality in workmanship, and build in prime locations!

In Rockville you find many homes, from 1900 – 2007. You have to see if it adds any value to your lifestyle, and meets your family’s needs.

So, if a old home has a good and strong foundation, everything else is cosmetic. If you decided to go with an older home, I recommend updating your appliances, HVAC unit, and windows. This would reduce your utility cost.

Cheers,

Reza Khodadad
Certified Green Agent
0 votes Thank Flag Link Sun May 18, 2008
I concur the thought that buying an older home does not dictat it's condition. Rockville does have a lot of older homes however there are some younger ones too :) It all depends on your price point. Some of the older homes have been renovated and look fantastic. Of course when purchashing a home you will have a home inspection to review and inspect foundations, systems , etc. and as mentioned previously you can request the seller to provide you with a home warranty. Rockville is a lovely place to live and hasmany ammenities to offer. I would love the oportunity to work with you so please do not hesitate to contact me further with any questions! Thanks and Happy House Hunting!
Web Reference: http://www.KerryRoth.com
0 votes Thank Flag Link Tue May 13, 2008
The age of the home really doesn't indicate its condition. It all depends on how well the previous owners maintainted the house. I've seen newer homes that were in worse condition than homes 50 years old. The main areas of concern would be roof condition, foundation walls, signs of water damage, wood rot, and termite damage. To protect yourself:

- Get a contingent home and termite inspection.

- Get a report from the homeowners insurance company regarding any previous claims on a property.

- Consider a home warranty if the appliances and other mechanical systems aren't brand new.
0 votes Thank Flag Link Tue May 13, 2008
If by "older" you mean Victorian era or turn of the century (20th), wisdom comes into play primarily in how you handle the purchase. You are likely most interested because of the aesthetic appeal of older homes.

Rot and insect damage are possibilities. The foundation may have settled. Homes in that era did not have insulation, double pane windows, central heat and air, and the older ones did not have electrical wiring. The plumbing and electrical wiring may not be up to today's standards. Other issues that can affect homes that are no more than 10-15 years old are also possible.

It should be easy enough to determine the extent to which the home has been updated, but the possible ravages of time will not always stand out. Look very closely at everything, and be especially wary of anything that looks like water or insect damage. Do the windows open? Do you see exposed wiring?

Once you are satisfied that you are not too disturbed by what you find, turn to some experts. You might want to consider hiring an inspector prior to making an offer if you have any concerns. If not, you would be well advised to negotiate an option period, and to hire an home inspector at the least. Expedite this process to allow time to bring in a structural engineer, electrician or other expert as the inspector's report may indicate to be prudent.
0 votes Thank Flag Link Tue May 13, 2008
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