Age may be just a number for individuals, but is this true when you’re considering buying an older home? In fact, your 1900s dream home may be a headache in waiting. You’ll need to consider if it’s insurable in its current condition, and whether you can even get a mortgage on an older home that’s seen better days.
Many older homes don’t meet today’s strict health and safety guidelines. In the past, it was the norm to use lead-based paint, and older homes are likely have older wiring and pipes, ill-fitting windows, and asbestos insulation. All may require expensive fixes.
Ensure you have a trusted home inspector to suss out potential problems with your older home; he or she can save you future headaches and heartaches, as well as time and money. Older homes can be true diamonds in the rough, but do your due diligence before you buy.
I am a full time real estate agent specializing in West Side of Greater Toronto area, Central Mississauga as well as the surrounding area.
Thinking of Buying a Home? Get My Free Guide
Buying a home is a complex process with many factors to consider.
Prepare for the decisions you’ll need to make along the way by requesting my free report, “10 Easy Steps to Buying a Home”.
Just email me and I’ll send it right out to you