Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Land & New Construction
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 about 6 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Melanie Walker
  • Honolulu, HI
1
Votes |
4
Posts

Older homes renovation

Melanie Walker
  • Honolulu, HI
Posted

For those of you that BRRR older homes (say built around 1900 or earlier )...what do you do about the plumbing and electricity? Do you update everything at a huge cost? Or just hope it lasts another 30+ years?!

Most Popular Reply

Account Closed
  • Austin, TX
59
Votes |
79
Posts
Account Closed
  • Austin, TX
Replied

Around here most homes that are that old have already had one or both updated at some point, but they could have been updated in 1960 and now you are faced with the same question again. We have worked on several older homes like this and looked at many more, and my advice would be to wait until you are familiar enough with those items to answer those questions for yourself - if you are on here asking, it is likely you will run into lots of issues in an older home that end up being a surprise problem. Once you are familiar, you can weigh the pros and cons of replacing or not replacing, understand if something needs to be replaced or not - every house, esp one that old, will be a different case. If you are going to replace, you just factor redoing the plumbing, electric etc into the purchase price - but to do that you must know the cost, know what other issues are likely to come up as added expenses, what is required by code in your area, etc.

Loading replies...