Depends on what the typical age of property is in your area. If it's in decent shape and has had updates over the years then that's a plus. Taking on tons of deferred maintenance will depend on your tolerance and the sales price. Just make sure it's not a money pit.

BTW Its not that I wouldn't buy, its just that I by fixer uppers and the scale of whats generally needed is dramatically different.

Personally I stay away from anything pre 50's or so. I like the well built brick homes from the 50's 60's that are common in my area. I could go rite down the road to Northside where there is a bit of a boom going on, but the housing stock is mostly much older. To me the really old houses need a lot of work to be right. Think full gut job. Electrical, HVAC, full plumbing replacement ect.

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Updated almost 10 years ago on 04/23/2015. Most recent reply

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Justin S.Poster

Investor
Buffalo, NY

Buying & Selling Real Estate

How old is too old?

Justin S.Poster

Investor
Buffalo, NY

Posted April 23, 2015 20:49

How old is too old of a house to buy? I have an MF I'm looking at tomorrow. It cash flows great but was built in 1840 How much does that play a role in your decision to buy? Justin.

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