The debate between old and new is rarely more pertinent than when it comes to houses. Whilst older houses offer charm, space and stability, there are plenty of reasons to think twice before you buy. Let’s take a look at the pros and cons of buying an older property.
The pros of buying an older property
There are some serious pros to buying older properties, which is why they are so sought-after. Older properties tend to be stone-built, which means they have better soundproofing than newer homes. The rooms and garden also tend to be larger, making it easier to adapt and extend the home.
For most people, the biggest pro is that older buildings tend to have character and are thus more aesthetically pleasing. Original features, such as fireplaces or sash windows, have a charm that you simply can’t replicate in new-build houses. They also benefit from being in more central locations, while new builds are often found in out-of-town developments. What’s more, the demand for older properties means you shouldn’t have too many problems when it is time to sell.
The cons of buying an older property
Despite all the pros, it is important to understand the potential issues of an older property. Period homes are renowned for being draughty, so they can often feel cold. The cost of heating can be significant.
Another major problem is that the systems built into the house are often dated; for example, you might need to factor in the cost of installing a new boiler, upgrading the plumbing, or even budgeting for complete rewiring. It is also more likely that the house will need general renovation and updating, such as plasterwork and decorating, alongside the possibility of needing a new bathroom or kitchen. Again, you will need to factor this in.
It is also possible that older properties have hidden problems, such as rot, damp, and structural issues. The good news is that this can be virtually eradicated when you employ the services of a concierge conveyancing service such as https://www.samconveyancing.co.uk. Such companies work with excellent building surveyors who conduct rigorous surveys, which means you will be aware of any potential issues before you commit to buying the property.
For those who love the look and feel of an older property, these cons are mere problems to be solved and part of the journey that will end in you living in your dream house. Period homes are popular for a good reason and it is just a matter of making sure you are aware of the possible issues and understanding what might need to be done.