What to Expect When Purchasing an Older Home

You wouldn’t necessarily know it by looking at the picture above, but this Woodfin, North Carolina home is nearly 100 years old. Purchasing a home is an exciting and significant milestone in one's life. While some buyers are drawn to the charm and character of older homes, it's essential to be aware of the unique considerations that come with them. From potential maintenance issues to historical significance, buying an older home requires careful evaluation and understanding. In this blog post, we will explore what to expect when purchasing an older home and how to navigate the process successfully.

Architectural Features and Historical Significance:

One of the primary reasons people choose older homes is their architectural charm and historical significance. While you may not find too many homes from the 17 or 1800s in Asheville and Western North Carolina, there are plenty of maintained properties in the region that have eclipsed the century mark. When purchasing an older property, you can expect to find unique design elements, such as ornate moldings, hardwood floors, and intricate craftsmanship. These features add character and value to the home. However, it's important to ensure that any historical aspects are properly preserved and protected while complying with local regulations and preservation guidelines.

Maintenance and Repairs:

Older homes often require more maintenance and repairs compared to newer construction. We’ve inspected older homes from Asheville, Hendersonville, Waynesville, Brevard and Burnsville among others in the region. Nearly all had some manner of updating over the decades and likewise, they all had some remnants of original infrastructure in place. The aging infrastructure may lead to issues with outdated electrical systems, plumbing problems, or deteriorating foundations. Before purchasing an older home, it's crucial to order a home inspection by a certified professional. Home inspectors can identify any potential problems and provide estimates of potential cost and effort required for repairs and upgrades. Being financially prepared for maintenance and restoration is essential when buying an older home.

Energy Efficiency:

Energy efficiency is an important consideration for homeowners, especially in today's environmentally conscious world. Not to mention, an. efficient home can save you tons of money in the long run. Older properties may have outdated insulation, single-pane windows, or inefficient heating and cooling systems. While these issues can be addressed through renovations and updates, it's essential to understand that improving energy efficiency in an older home may require additional investment. Upgrading to energy-efficient appliances, installing new insulation, or replacing windows can help reduce utility bills and make the home more environmentally friendly.

Building Codes and Permits:

It may seem obvious, but older homes were constructed before current building codes were established. Building code enforcement from the 1920s was much different than it is at present. When purchasing an older property, it's important to familiarize yourself with local building regulations and permits required for any renovations or additions you plan to undertake. Some modifications may be subject to specific guidelines or restrictions to preserve the home's historical integrity. It's advisable to work with professionals who are knowledgeable about historical renovations and can guide you through the process.

Insurance Considerations:

Insurance for older homes can be more complex than for newer properties. Due to potential risks associated with outdated systems and materials, insurers may charge higher premiums or have specific requirements before providing coverage. It's advisable to consult with insurance agents who specialize in older homes to understand the coverage options and any limitations or additional costs involved.

Buying an older home in Western North Carolina can be a rewarding experience, allowing you to own a piece of history and enjoy unique architectural features. However, it's important to approach the process with realistic expectations and a clear understanding of the potential challenges involved. By conducting a thorough home inspection and exploring other inspection services such as pest inspections, well inspections, radon testing, you can make an informed decision and ensure a successful homeownership experience in an older home.