Are you thinking of buying an old house? If yes, consider some things before finalizing the house of your dreams. After all, you will invest your hard-earned money in buying it. Buying an old house comes with both advantages and disadvantages. Therefore, if you consider a few things in mind before taking any decision, you won’t regret later.
Here, we are going to deliberate things that you have to consider before buying an old house and
- Have a look at Structural issues: If you successfully inspect the house for any structural issues, there is very little chance you will face any difficulty after buying it. Some of these issues include cracks on the walls, irregular lines on floors, etc. These problems may arise due to the decay of the building.
If you have appointed a realtor such as we buy houses NJ, ask them about structural design before buying your house. It saves your money on repairs.
- Check If Extension Is Possible: Before purchasing, get clear on how you want to renovate the house. Does the house have enough space to allow extension or modernization? Modular kitchens and luxury bathrooms are all the rage nowadays.In order to make the best use of the proportion area,it is recommended to arrange a visit to a renovation team- architect, structural engineer, builder before purchasing an old house. They will tell you if extensions and modernization you want in your house are possible or not.
- Arrange budget for repairs: Make sure you have a budget for repairs before buying an old house. Ask your builder to give you some estimation cost of repair before finalizing the price of the property.
Old properties and houses always require some kinds of repairs. So, review everything carefully before you proceed. If you have any doubt about the house look for another one.
- Get a complete inspection: A complete building inspection is necessary as old buildings give you many surprises or shocks. Hire a building surveyor who has experience dealing with old buildings. He will tell you the mandatory changes you need to make before living in the house.
- Permission to make changes: One more thing you must consider while purchasing is to check whether the house comes in the conservation area(an area of historical or environmental interest where you cannot build new or make desirable changes without permission) or not. Most of the builders or owners don’t tell you about this. So, make sure to go through the building restrictions in the area.
If the property is in conservation, meet the conservation officer of that locality to know what might or might not be allowed to change in the house. Check what approvals you need or what rules apply to the planning authority before making any changes to your property.
- Don’t forget parking space: Lack of car parking space is the most common problem you will face while purchasing an old house. Most old houses are bigger in space, but outside spaces may not be useful that much. All gardens in front of the old houses are not appropriate for parking of cars.
This problem may force you to park your vehicle on the road, requiring permission from your local council.
- Research about the property: Before your purchase, research yourself about the building. It is important to know about the material and techniques used to build the property. Also, know about the history of the building from the local people, neighbors, libraries, etc. Don’t rely on online information completely; crosscheck yourself.
Don’t make impulse decisions while you purchase an old house. Instead, examine closely the house you are buying. If you consider the above things I mentioned, it will help you make a better decision.