Potential building issues for older (pre-1960) properties

[Jack Wang]

There are a lot of properties in my area that are fairly old, especially multifamily properties. I wanted to create a checklist of potential major problems to look out for when considering older properties (pre-1960 build), especially regarding deferred capital expenditures. Basically stuff that could catch me by surprise down the line with a significant expense.

Here are some that I'm aware of:

- Galvanized pipes - typically 40-50 useful life, could rust from the inside out, could get eventual pipe failure

- Zinsco or Fed Pacific electric panels w/ aluminum wiring that could be a major fire hazard

- Wiring in general (e.g. knob and tube)

- Asbestos in the walls

- Lead paint

- Heating system - boiler?

- Sewer scope inspection?

- Foundation issues - should be more obvious

What else am I missing?