What are some pros and cons on buying a house built in 1944?

I put in an offer on a bank owned house that was built in 1944 and my offer was accepted today. What attracted me about this house was the big rooms and the not so common floor plan. I am just a little worried about the age of the house. This house is approximately 2000 square feet and has a lot of character. I believe that the electrical was updated but that is it. Could you tell me some pros and cons that come with a old house?


Thank you in advance for your answers.What are some pros and cons on buying a house built in 1944?
Pros:


The reasons you like it.


Updated electricity.


Its most likely sturdy and built to last.





Cons:


It probably has lead paint.


It might have asbestos.


Could have dry rot.








There are lots of others, bu those are the main concerns I think of. I would personally prefer an older house like that to a newer one. It was built like a building should be.


What are some pros and cons on buying a house built in 1944?
Did you check the plumbing system, the electrical wires. Maybe it is not heat efficient. Is the roof ok, no leaks, What about termites? What about the cost of remodelling to bring it to 2008 comfort standards? Did you check if there is any old liens on the property? An old house usually carries a lot of problems, and most of them are disguised by the sellers (a person or a Bank) Dont rely on believes, may the house check by a person paid by you, not by the Bank or the mortgage company, since they will be interested in make you buy it, so they will receive their share of commission.
My answer won't be complete, but pros are that if it's still standing, it was obviously well-built. Cons; could have been constructed with materials that are banned now, like lead paint and/or asbestos.





The most important thing to do with an old house is check the foundation. If any walls or doors appear to be sagging, that could be a large problem.





If the wiring has been well maintained or reworked then you're good, if not it would need to be at least looked at.
My advice is to get an inspection from a company that has independent inspectors, meaning that the whole entire inspection isn't done by someone who is a jack-of-all-trades and a master at none.





Hire someone who has independent inspections for:


- plumbing


- electrical


- foundation/engineering


- Heat/AC


- etc.
It will need a lot of maintenance and will use a lot of energy.





I'd check the roof, windows, doors, insulation, heating and cooling systems, hot water heater, plumbing. There may be a lot of things you have to replace.



The pros would be that an old house would be cheaper.


The cons would be that a very old house will need more repairs and might contain asbestos and various defects.
What is the home made of?? is it free standing ?? single or double ?? thanks

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