Buying an older home is an exciting prospect for many home buyers and, if restored correctly, can provide a comfortable home full of character. This type of project, however, can also be fraught with problems that, if you are not prepared for, could end up eating away at your budget. Let’s look at a few of the issues you might encounter with an old property.
Improvements in technology over the years have exposed the dangers associated with building materials that were used in the construction of many older homes. One common problem is lead paint. Paint, when it deteriorates, becomes chipped or even turns to dust. When this is lead paint, it can become a health hazard, especially to young children who are most likely to ingest it.
Many of us know the dangers associated with asbestos. A home built in the 1930s to 1950s will often have asbestos insulation in it.
Radon is another issue you might encounter. It is hazardous to health and because it cannot be detected by sight or smell, a test should be done to determine if radon levels are higher than they should be.
Another commonly used material in homes built during the 1960s and 70s is aluminum wiring. This was used instead of copper wiring but, with time, has been found to be defective, this means it would probably need to be replaced if you find it has been used in your home.
As we can see then, its good to be aware of these issues before you commit yourself to an older home. Its also important to keep in mind that many of these issues need to be dealt with by a professional, qualified in the removal of such materials. Have this in mind when preparing your budget.
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