is it worth to rehab old home

[Chris Johnson]

hi all,
I'm looking out for properties to rehab. wondering if it is worth to rehab 1930 single family home. I'm thinking the lifetime of a house is about 100 -120 years and no one will bother to buy this home even if it is rehabbed. please suggest

[Brian Levredge]

Old homes can be a gold mine and a nightmare. I've found them to be significantly under priced at times relative to other homes in the neighborhood. You just need to have them checked out better at inspection. Make sure the foundation and framing members are in good shape. Look for things like roof sag to see if the framing is undersized. Check to see if the electrical has been updated. Same goes with plumbing. You just don't want surprises, like any other house you plan to flip.

Some towns have historical districts that went from good to bad and are going back to good again. These are usually yuppie enclaves when they turn around again and you can make a fortune selling to that type of buyer.