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02-27-2008, 10:04 AM
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Senior Member
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Join Date: Nov 2006
Location: southern va
971 posts, read 950,334 times
Reputation: 191
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older homes
I am considering selling my 80s condo and buying a SFH. The area I want to live mostly has older homes, some small ranches built in the 60s (that seem solidly built) and some larger homes built in the 50s (not sure about the construction). I am not the handiest guy but can do small maintenance (changing electrical outlets, toilet uprades etc) but I am not looking for a fixer upper. My question is if I found a home that has been renovated can I expect to continually have to fix things? The condo is my first real place and I want to know what to expect going into an older home.
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02-27-2008, 10:12 AM
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Senior Member
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Join Date: Oct 2007
123 posts, read 113,744 times
Reputation: 39
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old home
I personally dont consider a home in the 50s or 60s "old"
I have a house built in 1920, and when I originally got it, 4 years ago, it was in great shape, nothing to really update. So far, no problems other than a thermocoupler breaking on my furnace, which was a $100 fix.
I like older homes more than new homes, especially tract homes in new developments
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02-27-2008, 10:17 AM
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Senior Member
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Join Date: Sep 2006
Location: Chattanooga TN
2,187 posts, read 2,623,822 times
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First off PLEASE get an inspector. If they find nothing major wrong you are already ahead of the game. I purchased my 40's model home in '00 and have done mostly small maintenance to it. Replaced the gutters, painted the outside, replaced 2 windows, misc. caulking and etc. Nothing major, just little things here and there. Just keep your eye on things as you go around and you will avoid anything major in the future. It probably amounts to less than $200 a year. I think that's less than the condo fees yes?I honestly don't think there is much that you can't handle. Except that stinkin' lawn mower that won't start! Now THAT, my friend, will tick you off! lol
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02-27-2008, 10:24 AM
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Senior Member
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Join Date: Nov 2006
Location: southern va
971 posts, read 950,334 times
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haha, I definitely intend to get an inspection. Luckily, I work in a real estate dept so am familiar with inspections, mortgages and all of what that entails. I am hoping for a smallish yard since it is just myself. Oh, and yes those condo fees DO add up. I am currently paying about $1500 per year.
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02-27-2008, 11:04 AM
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Senior Member
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Join Date: Jun 2007
4,436 posts, read 2,581,033 times
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If considering a property with a water well, have a well driller check the water system. The water should be run at least four to five hours, not five minutes. I received another call this week, the people moved in mid-January. Inspection pasted, the well is 30 or more years old. They need a new well.
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02-27-2008, 12:27 PM
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Moderator
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Join Date: Jun 2006
6,625 posts, read 6,783,713 times
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In a home of that vintage, unless it was completely gutted and remodeled, there will always be "little things" that need to be done, as well as "big things" that will come along on a less frequent basis. A window will have a rotten sill, a roof leak will develop, you'll find you need additional electrical outlets/circuits for the computer, big screen, etc., the toilet will leak at the flange and rot the subfloor, etc., etc., etc.
Whether these issues occur in a house that has been renovated will depend on the level of quality of the renovation- if the house was a "quick flip" reno, stay away at all costs- you'll find some of the cheapest, most half-assed work ever done. If it was a "here and there" renovation done by long-term owners, the quality may or may not be so good. If the work was done by licensed contractors, you stand a good chance of not having too many issues.
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02-28-2008, 01:25 PM
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Senior Member
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Join Date: Sep 2007
Location: Grosse Ile Michigan and Sometimes Orange County CA
4,661 posts, read 3,731,405 times
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All homes have maintenance issues. Older homes have more only if they have been allowed to build up for longer. Almost all older homes are built better than new homes. However new homes have the advantage of maintenance free technology and materials.
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02-28-2008, 09:48 PM
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Senior Member
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Join Date: Feb 2008
2,838 posts, read 1,879,115 times
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Quote:
Originally Posted by citydweller
I am considering selling my 80s condo and buying a SFH. The area I want to live mostly has older homes, some small ranches built in the 60s (that seem solidly built) and some larger homes built in the 50s (not sure about the construction). I am not the handiest guy but can do small maintenance (changing electrical outlets, toilet uprades etc) but I am not looking for a fixer upper. My question is if I found a home that has been renovated can I expect to continually have to fix things? The condo is my first real place and I want to know what to expect going into an older home.
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New home construction since the 1970's is very very poor. As a long time claims adjuster, the horror stories I could tell you. For every 1 house pre 1960 that I see get condemned, I will see 10-12 newer homes. Walls not lagged to the foundation, roofs collapsing, split wood framing... it never ends. Here's a true story. I had to work a cat loss in an area a few years ago that had over 40" of snow on the roofs. 100% of the houses with damage were built after 1960. About 600 houses had damage. every...single...one...was...a...newer...house.
When I purchased my home, I intentionally bought one built before 1960. Kiln dried fir in the frame, well poured foundations (no cracks after 50 years), rock solid walls... The down side would probably be electric. Some of the older houses are not updated and chasing wires can be tough. But overall, a pre 1960 house will stand the test of time.
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02-28-2008, 11:49 PM
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Senior Member
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Join Date: Mar 2007
Location: Jax
8,022 posts, read 7,971,442 times
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Quote:
Originally Posted by citydweller
I am not the handiest guy but can do small maintenance (changing electrical outlets, toilet uprades etc) but I am not looking for a fixer upper. My question is if I found a home that has been renovated can I expect to continually have to fix things? The condo is my first real place and I want to know what to expect going into an older home.
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If you buy a home that has been completely renovated, you'll pay top dollar and you probably won't have a lot of use for the small maintenance skills you possess.
And if you do go looking for a completely renovated home, be sure it's not just cosmetic renovations. A lot of homeowners will spend the money to revamp the kitchen so it all looks new, but they won't redo the plumbing.
So you want to see what systems have been renovated or completely redone. Retrofitting an older home with new systems can sometimes be tricky and it's always expensive. You don't want to buy a home where the homeowner has skimped on new systems. I'd rather buy a home with the old systems in place and I'll redo them myself (and buy the house at a cheaper price to compensate for the older systems).
If you love older homes and older neighborhoods, I don't see any reason not to go for that home built in the 50's or 60's. Bringing a home back to it's former glory is a gift for the home and the community and I encourage you to do so if you are inclined. 
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