Asked by Pan Ra, Alpharetta, GA • Sat May 26, 2012
We are a family with 2 kids (5&1yr) and currently rent in the 30005 area and are considering buying in the near future. We like the 30005 area and started looking there and found most of the house are about 15-20 years old.
All our friends have been advising us against older houses as this would be our first time. Also to add, we are immigrants so housing system here is totally new for us, so self handy man is
(mostly) out of question.
Questions I have are (assuming a 4 beedroom, in the 300k range):
1. how much should I budget annually for maintenance and fixing of the house
2. do home owners typically sign annual maintenance contracts for the heating/cooling system and other systems in the house?
3. are home warranties offered on old houses and are recommended?
4. what should I expect 5-8 years down the line in, when these house will be nearing 30 years of age? Do the houses have a max usable age?
Appreciate your input.
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