If you are looking for a house with lots of character and uniqueness, you may want to consider buying an older home.
Owning an older home would have many benefits, such as a very unique façade, and lush and full landscaping. The interior of the house could have as well features, such as high ceilings, fireplaces, hardwood floors and slanted glass that you really can’t find in newer homes.
When buying an older house, you need to realize that it may need work, such as replacing the roof. In this case and before you put in an offer, it is recommended that you get at least a couple of roofers to see the house and give you an idea about the estimated work and cost.
Unless you are buying a new home, it is absolutely critical to have a home inspection, so that you get details on the status of the house and what you can expect to spend time and money on in the short term as well as in the long term. As well, you may want to bring in the actual trades: an electrician, a plumber and perhaps a structural specialist just to make sure that you really understand all the systems of the home and get some cost estimates for repairs if needed.
The main concerns would be checking out the systems of the home, the roof, the insulation, and the structures, to make sure that everything seems sound. Even if the house is in disrepair, you can know that it can be put into good working order so that you won’t have any surprises down the road.
On the financial side, be prepared for repairs and renovations that might be your choice, but also the ones that aren’t your choice that may occur; so you have some money set aside for general maintenance issues all the time.