There is hardly a more exciting life chapter than one that involves buying a home. Whether the property is new or old, homeowners can celebrate their financial independence and say goodbye to looming rental fees when they take this major step. Welcoming a new home sweet home has many perks, but are there some hidden challenges that Pennsylvania homeowners might face when purchasing a new pad?
According to Money Crashers, the answer to the aforementioned question might depend on the age of the home itself. In fact, Pennsylvania has some of the oldest homes in the nation -- along with neighboring states New York and Maryland. With the plethora of old houses peppered across the state, it is important that new homeowners pay special attention to various aspects. Money Crashers mentions the following as potential hazards in old houses:
- Lead and asbestos
- Mold and mildew
- Insect infestations
- Plumbing issues
Money Crashers clarifies that homes built after 1990 are typically considered to be newer, while those built before 1920 are "vintage." As exciting as a cozy, old house might be, it is crucial that homeowners consider the style and quality of a home's construction, potential problems in roofing and foundation and renovations over the years.
Realtor Magazine also considers some of the typical issues homeowners face, especially during the home inspection stages. Perhaps the most common, faulty wiring can reveal itself through missing parts on wires or open junction boxes. Poor ventilation is another tricky problem, particularly in older homes that may have outdated windows and sealing. Cracks in a heat exchanger or carbon monoxide leaks could also point toward poor heating in the home. There are a multitude of other aspects to consider when buying a home, but it appears that age is more than a number when it comes to real estate and home inspections.