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Homes with a past have special appeal. An existing home is a settled place (literally): the foundation, the landscaping, the neighborhood, including its services, are about where they're probably going to be for some time.
The home has a lived-in look. Some rooms may be larger than in new homes, woodwork has mellowed, the yard is a generous size. Its price may be lower (per square foot).
The thing to be on the look-out for is wear-and-tear:
- How firm is the foundation?
- How sound are the sills, walls, floors and ceilings?
- What kind of plumbing was installed, when?
- What's the shape and extent of the electrical system?
- What shape is the heating/cooling system in?
- What are monthly energy costs?
- How well does the insulation protect the indoors?
- What will it cost you to remodel if necessary (especially kitchen and baths) or to make necessary repairs?
- If in doubt -- or just for your peace of mind -- you can hire a certified home inspector for a professional opinion.
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