Older homes may cost ~50% more to repair and maintain than newer homes, making early budgeting essential before buyers commit to a purchase.
A contractor review before purchase can reveal hidden work, from mold or asbestos remediation to structural issues, termites, plumbing, or electrical moves.
Even a $6K wall project can become $60K if plumbing or electrical systems must be moved during renovation, so plan contingencies early.
Ownership history matters: one family staying 40 or 50 yr can signal livability, while seven owners in 20 yr deserves closer questions.
Buyers should separate must-haves from nice-to-haves, manage expectations, and rely on a strong Real Estate agent, inspector, and trusted advisors throughout the process.
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