1888-1910 too old for a property?

[Jimmy Kiefer]

Several properties I am looking to buy were built around 1900. Should I avoid properties this old? Especially since I will be a buy and hold owner, does the age of these properties create an unnecessary risk? Appreciate any feedback at all!!

[Tom S.]

Not at all - in the Northeast at least, many properties are older than that and are beautiful buildings.  Certainly get it inspected and make sure everything is up to code (electrical, plumbing), and if not, budget for rehab accordingly.  But many of these homes have "good bones".  My oldest is 1853 and you can still see the original ax marks on the wood beams!

- Tom