What are the main concerns when considering a home over 80 years old?

Asked by Jr, Amarillo, TX Wed Feb 15, 2012

-Plumbing (lines under the home that connect to the street)
-Electrical (knot and tube etc.)
-Structural (foundation settling & basement water damage)
-Condition of the neighborhood (are properties generally increasing or decreasing in value)

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Shanny Dow, Agent, Amarillo, TX
Wed Feb 15, 2012
You've identified the very important concerns when buying a home of this age. If possible, find out when the water, sewer and gas lines have been replaced from the home to the alley. Replacing these lines is an expense you would like to avoid. If the property has central heat and air, the electrical issues may have been somewhat corrected at the time of installation. But an older home will not have the newest wiring and safety features of a new home. Homes old and new have settling issues. You may want a structural engineer to give an opinion of the foundation -- I would advise my client to do so. You have asked a good question--is the neighborhood declining or increasing in value. Your real estate professional will be able to assess the values in the neighborhood based on a currect market analysis. Good luck, Shanny Dow, Coldwell Banker
1 vote
Bruce Lynn, Agent, Coppell, TX
Wed Feb 15, 2012
I would say everything. After 80 years nearly anything could go wrong or need updating or attention.
Make sure you get a home inspection.

I would add to your list:
Energy Efficiency
FIre Safety
Web Reference:  http://www.teamlynn.com
0 votes
Nick Orosco, Agent, AMARILLO, TX
Wed Feb 15, 2012
Health and Safety. Recent discoveries and statistics have changed building codes and product specifications. Some building materials and practices used long ago are no longer acceptable in newly constructed homes. Some safety items can be easily added or altered in older homes. Hand railings can be improved inexpensively. Smoke and carbon monoxide detectors can be easily installed. Other health related concerns, like asbestos and lead, can be quite expensive to correct or remove.

The most important part of purchasing an older home is having a sale agreement covering inspections and testing and hiring experienced professionals to evaluate your potential purchase. With a contract protecting you from major defects, you can focus on other important aspects of home buying like deciding if the location, size, character and potential of the home is suitable to your family and lifestyle.
0 votes
Dallas Texas, Agent, Dallas, TN
Wed Feb 15, 2012
Include the roof . All homes require inspection prior to purchase

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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