The pros and cons of purchasing an older home
Being able to buy a house and get on the property ladder is an exciting time for anyone. But where do you start and how do you know when you have found the right house for you, and do you choose an older property or a home that hasn’t even been built yet? Let’s take a look at the pros and cons of buying an older house and what key things you should be looking out for if you decide to go ahead with an older sale.
There are many pros to buying an older house. From the character and design of the house that is likely to be unique, to the surrounding community and neighbours who have close-knit ties with the surrounding homes, older houses can offer so much potential. You will generally get more space as older homes tend to have larger rooms and gardens than their newer counterparts and as they are established, there is likely to be shops and a pub nearby!
One of the big downfalls of buying an older home is the likelihood of being in a chain of sellers where one fail to sell could affect the whole process, leaving you with big delays. Older properties are often less energy-efficient and could cost you more to heat and you may want to complete renovations that are also going to need a budget set aside. If after reading the below you’re still set on having a new build, don’t hesitate and contact a recent build and house plans New Mexico (or one in your area) company, to see what’s available on the market for you.
Key things to check on your older property
Windows and doors – The chances are, older properties may only contain single-paned windows that are likely to cause a draft and cost you in heating bills. You may also find that the windows don’t fit flush against the building. Custom made windows may be the answer to this problem as they can be fitted to your exact measurements and prevent any drafts.
The roof condition – Unfortunately, the condition of the roof could leave you with a big bill if not sorted quickly. Material deteriorates over time, and this can lead to cracks, leaks, and missing tiles. Be sure to check the condition of the roof before you go ahead and sign the paperwork, so you are not left with a surprise bill soon after moving in.
Plumbing and electrics – Has the plumbing and electricity been maintained in your older home choice? Chances are that the pipes are older and could therefore be deteriorating from usage and chemicals. See if the house has had any plumbing work recently and check for dampness or leaks as you look around the home.
Building materials – Older homes built before 1978 could still contain lead-based paint and asbestos – both of which can be very damaging to your health. Ask for professional testing to ensure your home doesn’t contain either and if the tests are positive and you still want to move forward, invest in a professional removal service to make your home healthy.
Improving the energy efficiency in your older house
There are a number of things you can do to improve the energy efficiency of your new house, particularly with rising energy bills! After checking your EPC that should be provided by an estate agent, consider the following steps:
· Adding wall, roof, and floor insulation
· Upgrading your windows and doors
· Install energy efficiency lighting
· Use low-carbon heating
· Install a hot water cylinder and protect your pipes
Whichever type of house you choose to buy, you are going to want to be happy and comfortable there. Whether you are buying a new house off-plan or an old home that you can renovate and remodel to your taste, we hope you will be very happy in your beautiful new home!
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