Saturday, February 27, 2010

If you were a first time home buyer, would you buy a redone house built in 1940?

We are looking for cheap and relatively move in friendly houses. We found a nice home for our family but it was built in 1940. Would you buy it if all the fixtures, flooring, and windows had been updated?If you were a first time home buyer, would you buy a redone house built in 1940?
I wouldnt shy away from the house just because of the date built, but I would be sure to look at a few things. First off resale value. You can get a good deal on an older house, but when you go to sell it you may have to give the next people a good deal too. Check the structural integrity. If they redid all the fixtures and interior that is good, but I once bought a house where they just drywalled and painted over the mold. Be sure they did a good job. If you dont know what to look for a home inspection would probably be well worth it. But most likely the house is in fine shape and probably will be just fine and a good deal...If you were a first time home buyer, would you buy a redone house built in 1940?
My husband and I just purchased our first home and it was built in 1915. The electric, plumbing and windows have all been updated. There are hardwood floors, hardwood baseboards and window frames and door frames that thankfully were never painted over. The heating system was updated from the old gas heaters to a furnace with forced hot air. The vinyl siding is new and since the home has been in one family for quite some time, has been very well maintained and passed an FHA appraisal with flying colors.
Have it inspected by a registered inspector in the state in which you reside, and ask the agent representing the seller to provide a home warranty at closing, covering structure, roof, power, plumbing, water and sanitary infrastructure. If the seller and their agent know the home is of sound quality, they shouldn't have a problem providing a warranty for at least the 1st year after closing !
I LOVE old houses that have been updated! You shouldn't worry about the age, just the shape its in. Absolutely have a home inspection done, this should put any worries to rest. Honestly, older homes were built so much BETTER than ones today. Go for it! I wouldn't hesitate two seconds if it passed inspection!
Oh, I would jump on it! They built houses really well in the 40's. Everyone who worked on that house took great pride in it, it was build with TLC, not with greed as houses are build today. That house has at least another 100 years to give a family. I would be really excited about it.
I love old houses, ours is 1970 but if there had been any older houses in this area I would have bought it. My father is a builder and the new houses that they put up now well let just say that standards are slipping! Older houses tend to be warmer in winter and cooler in summer. Pls go for it!
My house was build in 1700s... LIL


40's is still very modern.





You'll need money to do repairs weather you house is 100 years old or brand new. My friend had a new house built and her siding fell off in a bad storm. New homes shift and crack just like the old ones.
The older the house, the better built it usually is. People didn't cut as many corners back then. I would LOVE an older home like that. These popsickle homes suck. Just be careful of the old lead paint and asbestos.
To have complete confidence enlist the services of a home inspection service.

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