HOw old of a house would you buy?
- Thread starter Ashley
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MiniHoofBeats
Well-Known Member
To me it depends on if the house is safely live-able, not necessarily age.
I don't care how old the house is as long as it is sturdy, safe, has updated electrical and plumbing, things like such. I have seen houses on the market at 100+ years of age selling for LOTS because they are safe and updated!
I don't care how old the house is as long as it is sturdy, safe, has updated electrical and plumbing, things like such. I have seen houses on the market at 100+ years of age selling for LOTS because they are safe and updated!
heart k ranch
Well-Known Member
Well I would say what the person above me said....
but I know of a really pretty house that redone (several times) thats one hundred years old. VERY NICE! Two story, big, finally got the insulation, doors, a/c stuff, water stuff all done, new sides... Basically it had a major overhaul!
I would buy that house in a minute!
but I know of a really pretty house that redone (several times) thats one hundred years old. VERY NICE! Two story, big, finally got the insulation, doors, a/c stuff, water stuff all done, new sides... Basically it had a major overhaul!
I would buy that house in a minute!
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rabbitsfizz
Well-Known Member
A friend of mine bought an 11th Century farmhouse and it was fine .
But I realise I am just showing off now.........
:
But I realise I am just showing off now.........
L
Lisa-Ruff N Tuff Minis
Guest
as a general statement I would much prefer an older home over a new one
K
kaykay
Guest
hubby and i looked at a lot of farmhouses from the 1900's. Some had some updating but not complete. In our price range they needed a ton of work. They truly can be a money pit. The problem with the older houses are that once you go to fix something you usually open a hornets nest of other things that have to be fixed.
Also utilities on an older home can be as much as a house payment. So while I love the character of an older home we couldnt find anything in our price range that we could live with
Also utilities on an older home can be as much as a house payment. So while I love the character of an older home we couldnt find anything in our price range that we could live with
L
Lisa-Ruff N Tuff Minis
Guest
Those are vaild points Kay I am just not a fan of those cookie cutter houses
KayKay that is what I am afraid off. That always makes me learly
This is the one we are going to go look at tommorow.
http://coryfrantzick.topproducerwebsite.co...src=tellafriend
This is the one we are going to go look at tommorow.
http://coryfrantzick.topproducerwebsite.co...src=tellafriend
iluvwalkers
Well-Known Member
[SIZE=12pt]the house we live in now is over 200 years old, the wiring and plumbing had been redone and we have done a lot to it over the past 8 years. i just depends on the house. good luck in your search, Nikki[/SIZE]
K
kaykay
Guest
Ashley I have to see what a neat house! and wow the price is great for that many acres. One bad thing is its only 1 bathroom and boy is it hard to add a bath to an old house. I looked at the updates and what I would be leery of is the plumbing. Sounds like it was never updated yet. It does say the electrical was redone so thats a plus!! So be sure and ask and look at the plumbing. If it all needs to be redone in copper that could be a huge expense.
Remember to always have your Realtor pull the utility bills and see what they are.
Also I always warn people on taxes. It shows they are only 480.00 but once the house is sold they will go up to meet the sale price. So my guess is those taxes will at least double or triple. I suspect the house hasnt changed hands in a long time so those taxes are based mostly off the last time it sold.
Oh one more thing some banks will not lend as high of a ratio on a house over 80 yrs old. Sometimes they require a bigger down payment. Just varies bank to bank.
Remember to always have your Realtor pull the utility bills and see what they are.
Also I always warn people on taxes. It shows they are only 480.00 but once the house is sold they will go up to meet the sale price. So my guess is those taxes will at least double or triple. I suspect the house hasnt changed hands in a long time so those taxes are based mostly off the last time it sold.
Oh one more thing some banks will not lend as high of a ratio on a house over 80 yrs old. Sometimes they require a bigger down payment. Just varies bank to bank.
lvponies
Well-Known Member
That's a great price for a home with that many acres!! Plus outbuildings too! The house looks really cute!!
We are approved for alot more then that house.
I did email the person in charge of selling the house for more info.
Taxes dont bother me so much, as the other places we were looking at were $2-3 thousand a year so im safe it does go up alot.
I honestly dont want to live in that area, way to small, quiet and its about 1.5 hours from school, but I am willing to work something out.
The area I want to live in is way high and only a few acres, and with 6 horses I cant just have 2-3 acreas.
I would love more then one bathroom........however where I am liveing now is only one so I Can handle it.
Heres the other link if you didnt go to it
http://marketing.remaxdesigncenter.com/430/199308/199308.ipv
Found a bit more info. Smaller then I would like at 1376 sq feet, and it was built in 1936
I did email the person in charge of selling the house for more info.
Taxes dont bother me so much, as the other places we were looking at were $2-3 thousand a year so im safe it does go up alot.
I honestly dont want to live in that area, way to small, quiet and its about 1.5 hours from school, but I am willing to work something out.
The area I want to live in is way high and only a few acres, and with 6 horses I cant just have 2-3 acreas.
I would love more then one bathroom........however where I am liveing now is only one so I Can handle it.
Heres the other link if you didnt go to it
http://marketing.remaxdesigncenter.com/430/199308/199308.ipv
Found a bit more info. Smaller then I would like at 1376 sq feet, and it was built in 1936
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Jill
Aspiring Cowgirl
I think our house was built in the 1950's and that it's actually a "Sears" house! It's very well built and I think cute
: Not huge, not fancy, but well built and well maintained w/ hardwood floors throughout and updated bathrooms and kitchen. That place you're looking at looks fantastic and if it were here in Northern VA, it would be over $1M! Actually, with all that land, more likely $2M+
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Bess Kelly
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The taxes should be based on current assessment, not necessarily the sales price or current value. Sot that may not change. Also, appears to be block/stone, etc. (I did n't read the info)......and WOW, look at the barn!!!!!!!!!
:bgrin Can you see where I look??
Like all have said, an old home can be a gold mine or a money pit.........this one appears to have been gone over somewhat, I'd have a home inspection on the contract but, certainly look long and hard before passing it by.
:bgrin Can you see where I look??
Like all have said, an old home can be a gold mine or a money pit.........this one appears to have been gone over somewhat, I'd have a home inspection on the contract but, certainly look long and hard before passing it by.
Neil
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I am afraid that an 11th Century farmhouse in this country would be a teepee or a cave. :no:A friend of mine bought an 11th Century farmhouse and it was fine .
But I realise I am just showing off now.........:
Our house is the oldest farmhouse on the road we live on and dates back to 1940, and was added onto over the years....... I would recommend a house inspection for insulation, plumbing, electric wiring, etc........
Our main problem has been that part of the house was updated or added on in the 1970's and the other half wasn't and doesn't have the Three-Prong outlets. Overall, it's built much better than any house done today.
My initial reaction with seeing the link you posted? IT IS A DREAM COME TRUE!!! I would JUMP on it! But I would also make sure it passes the inspection.
MA
Our main problem has been that part of the house was updated or added on in the 1970's and the other half wasn't and doesn't have the Three-Prong outlets. Overall, it's built much better than any house done today.
My initial reaction with seeing the link you posted? IT IS A DREAM COME TRUE!!! I would JUMP on it! But I would also make sure it passes the inspection.
MA
Warpony
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A friend of mine bought an 11th Century farmhouse and it was fine .
But I realise I am just showing off now.........:
Oh dear, you made me laugh quite hard there. I would love to see what that place looked like, I envy you your history over there.
Our last house was built in 1830. It had been entirely redone several times throughout the years. It was a very nice home, loved it, didn't love the lack of land or the number or proximity of the neighbors (or the lack of a fireplace which, sadly, the owners before us removed when they renovated).
After a very in depth inspection I would not hesitate to buy an older home, but to me 1930's isn't really "older" as long as it is in good repair and has been updated (plumbing/wiring) over the years.
LowriseMinis
Well-Known Member
Ashley, if you don't buy that place I will! I live in a 'cheaper' part of CA, but for the cost of that house and the 40 acres it's on you could hardly buy a condo here.
There's a big part of me that never wants to leave CA, but I just don't know how I'm ever going to be able to afford a house with land here.
There's a big part of me that never wants to leave CA, but I just don't know how I'm ever going to be able to afford a house with land here.
Ash did you ever consider buying yourself a few acres and building your own place right where you want it? It could be a cheaper option for you.
Ashley there are lots of great old homes built decades ago when builders built and took pride in it.
My home in Connecticut was built at the turn of the century by my ancestors and it was amazing; carved ceilings, balconies, stained glass windows and loads of beautiful trim work. My dad never had any major problems with the basic upkeep. It was an amazing home.
What I am living in now which is a 1950 home is VILE!
Back then up here in the mountains there was no building code and mountaineers used whatever they had to build with, the trees on their property. This home is literally hanging by a limb. We have restored it here and there, new ceilings, floors, roof, kitchen, ........oh, there is no foundation........that is supposed to be charming though. We had to re-do all the wiring, plumbing etc and it is non stopping. Hus knew this but beings a general contractor he actually enjoys this but I don't. I'm sick of it. It it nickle and diming us to death. Everytime I turn around something else has happend. I've had the septic tank back up and explode into my bathtub........that is pretty much the worst thing that happened. And you do not want to know what my walls are insullated with but I can tell you, it's smelling up the place big time. Now I have my bedroom celing speaking to me in ways that is scarring me. Walking down my hallway is like a going through a fun house at a carnival because it is always moving and something very funky is going on in the bathroom that I refuse to discuss in public. Opening up the closet doors are like a journey into the next vortex; you never know if you are really ever coming out again. Our ceilings are low 6 3/4' to 7' and our doorways are not regular size, they are more narrow. Anyhow I could go on and on but I will tell you that I am sooooo done.
We will be building a small modest house in the spring, or a small mobile home I don't care about 10 feet in front of this one if I have to rob Fort Knox.
I can live in a brand new home or a tree house for the same money it is costing us to keep up with this one and live in it. Boggles the mind.
Then this one will be burnt to the ground and I get to light the match.
:
Ashley there are lots of great old homes built decades ago when builders built and took pride in it.
My home in Connecticut was built at the turn of the century by my ancestors and it was amazing; carved ceilings, balconies, stained glass windows and loads of beautiful trim work. My dad never had any major problems with the basic upkeep. It was an amazing home.
What I am living in now which is a 1950 home is VILE!
Back then up here in the mountains there was no building code and mountaineers used whatever they had to build with, the trees on their property. This home is literally hanging by a limb. We have restored it here and there, new ceilings, floors, roof, kitchen, ........oh, there is no foundation........that is supposed to be charming though. We had to re-do all the wiring, plumbing etc and it is non stopping. Hus knew this but beings a general contractor he actually enjoys this but I don't. I'm sick of it. It it nickle and diming us to death. Everytime I turn around something else has happend. I've had the septic tank back up and explode into my bathtub........that is pretty much the worst thing that happened. And you do not want to know what my walls are insullated with but I can tell you, it's smelling up the place big time. Now I have my bedroom celing speaking to me in ways that is scarring me. Walking down my hallway is like a going through a fun house at a carnival because it is always moving and something very funky is going on in the bathroom that I refuse to discuss in public. Opening up the closet doors are like a journey into the next vortex; you never know if you are really ever coming out again. Our ceilings are low 6 3/4' to 7' and our doorways are not regular size, they are more narrow. Anyhow I could go on and on but I will tell you that I am sooooo done.
We will be building a small modest house in the spring, or a small mobile home I don't care about 10 feet in front of this one if I have to rob Fort Knox.
I can live in a brand new home or a tree house for the same money it is costing us to keep up with this one and live in it. Boggles the mind.
Then this one will be burnt to the ground and I get to light the match.
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Marty,
Thats not a option. At the bare minimum I want 10 acres. I have 6 horses now, but would like to get a couple big horses to, plus expand my pony collection.
Where I really want to live it is running around $10-12 grand an acre. So I will settle for farther away with an older house.
Thats not a option. At the bare minimum I want 10 acres. I have 6 horses now, but would like to get a couple big horses to, plus expand my pony collection.
Where I really want to live it is running around $10-12 grand an acre. So I will settle for farther away with an older house.
