It really depends on the condition of the home and what has been done to it. With older homes, you need to look for asbestos, lead paint and knob and tube wiring.
It really depends on the condition of the home and what has been done to it. With older homes, you need to look for asbestos, lead paint and knob and tube wiring.
@Eak Sun Hey I just bought an older home 1942 and I would say condition and a really detailed inspection report will be important. I am house hacking my property and I am happy to answer any questions.
It's just like buying a used vehicle... How well did the previous owner(s) take care of it? What climate zone is it in? (I.e. did it see alot of snow, rain, wind, etc.) How many years ("miles") has it seen? Just like a classic car buried beneath the weeds in a field, a keen and well trained eye can restore an old home to its' true value.
My advice would be to hire/partner with someone who knows building/construction so you don't end up head-over-heals.