Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Rajeev Gandhi
  • Laval, QC
1
Votes |
9
Posts

How big is age of property a concern?

Rajeev Gandhi
  • Laval, QC
Posted

I came across a nice duplex built in 1885. The owner has done an amazing job keeping up with maintenance. It's very neat and clean and looks very modern from inside. I thought it was 20-30 years old. It also has nice cash flow. I'm not sure if I should be concerned about the age of the property. I will definitely do due diligence by having professional do house inspection as well but I'm confused. I would appreciate any thoughts.

Most Popular Reply

User Stats

361
Posts
75
Votes
Joseph Ziolkowski
  • Inspector
  • Alsip, IL
75
Votes |
361
Posts
Joseph Ziolkowski
  • Inspector
  • Alsip, IL
Replied

Hi Rajeev,

As a home inspector, I would be looking at the following in a place that old:

Structure: what is the foundation made of? (Stone, brick, etc), is there cracking? Signs of leakage? Are the foundation walls bowing in? (Horizontal cracks are a big deal, vertical cracks not as much), condition of main beams (if it has wooden structural components, is there wood-destroying insect damage?), definitely get a termite inspection. They're cheap.

Plumbing: Is the pipe galvanized (silver) or is it copper? If galvanized, expect problems with pressure in the future, and expect to replace it, are there any improper connections (i.e. Galvanized to copper w/o a di-electric fitting)? Leaks?

Electric: Does the panel have fuses or breakers? If fuses it will likely need updating, panel have double taps (2 wires to same breaker)? Aluminum single-strand wire (fire hazard), is the wiring in the house modern (conduit/Romex sheathing vs Knob and Tube), are outlets grounded? Are there functioning Gfci's where needed?

HVAC: how old are the heating/cooling units? Do they function well? Does the furnace/boiler vent properly (to avoid carbon monoxide issues)? Is the fireplace/chimney in good repair and clean?

Interior: are windows old or newer? Painted with lead paint? If double pane are all seals intact? Do doors open and close as they should? Are there door stoppers?
Are walls and ceiling drywall or plaster? In either case, look for water stains/signs of mold. Are floors reasonably level? Is there significant settlement cracking anywhere?

Roof: how many layers? More than 2 is bad, 1 is much better, is it properly sealed? If flat, does it have proper drainage/terminating strips? Do the downspouts discharge near the foundation (aim for 3-4 feet away)?

Exterior: is the soil/ walkways graded away from the house? Damage to the siding? Soffit/fascia properly clad?

This isn't a complete list, but it should keep you out of trouble :) let me know if you have any questions.

Joe Ziolkowski
On Target Home Inspection
708-274-7279
www.OnTargetHomeInspection.com

Loading replies...