Property is old and dated but has 2100 Living Space

[Hector Gonzalez]

Just got off the phone with an owner who is interested in selling but the house was built in 1916. Has anyone ever dealt with a late build as such and what would you recommend? 

[Andrew Bang]

Estimate more for rehab and put aside more for contingencies.   Some bigger tickets items to look for: is the  plumbing galvanized pipes.  For the electricity, is it knob and tube?   Does the sewer get backed up easily.   is the foundation level?  

Older homes can have a lot of character which buyers love.  Once fixed up with high end finishes can make a great investment.