Buying an old house regret

[Anonymous]

All houses are money pits, OP

[Anonymous]

I'm starting a family and we decided a new build townhome is best for the next decade. No issues to deal with, warranty, and when we eventually outgrow the 2500 Sq ft of space, I'll keep it and rent it out.

It's much easier than dealing with an old house that wasn't cared for and you're dropping big money every month fixing repair after repair after repair. No thank you. Plus newer builds are much more energy efficient than old homes.

[Anonymous]

New is always better, shit shacks come in different sizes but all houses older than 90s are shit

[Anonymous]

Anonymous wrote:I'm starting a family and we decided a new build townhome is best for the next decade. No issues to deal with, warranty, and when we eventually outgrow the 2500 Sq ft of space, I'll keep it and rent it out.

It's much easier than dealing with an old house that wasn't cared for and you're dropping big money every month fixing repair after repair after repair. No thank you. Plus newer builds are much more energy efficient than old homes.

Boomer owners are pieces of shit, they don't update homes or keep up with building code changes and turn homes into teardowns

[Anonymous]

Anonymous wrote:All houses are money pits, OP

+1 You either pay less up front and more on maintenance/repairs (as I did, buying my $1.1 mn 1920s home) or as my neighbor did buying a larger home on the same lot for $1.8 mn. We didn't have $1.8 mn so the first option works for us. We fix what needs fixing, and aren't required to have a 5000 square foot home we don't need, because "that's what the market wants."

[Anonymous]

Considering my brother was just hired to dig a foundation of a "new custom build" in Arlington where the people are surely paying well over 2M for the home and he has never in his life dug a foundation, I'm not too confident in new builds. I wouldn't allow my brother to remodel batheoom let alone dig a foundation. I have zero faith in new construction in this area. It is so hard to find workers to do anything, thr criteria is a heartbeat and that's all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't know. We bought a 70 year old house. We have small kids and put about $15k into repairs in the first six months. It sucked.

But we haven't had another thing pop up over the next three years. I'm still happy with our choice.

+1 We bought a 90 year old house knowing we'd have to put in new windows. We ended up needing to do about $10k worth of plumbing work on top of that in the first year. 4 years later, nothing else has cropped up. Love our house.

I grew up in a house built in 1890 and my first home purchase was 1881. Incredible craftsmanship in both, but I still had to update appliances, so some remedial electric work, replace windows, refinish or replace the wood floors. That’s just part of the deal. It sounds like OP chose the wrong old house for their lifestyle.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't know. We bought a 70 year old house. We have small kids and put about $15k into repairs in the first six months. It sucked.

But we haven't had another thing pop up over the next three years. I'm still happy with our choice.

+1 We bought a 90 year old house knowing we'd have to put in new windows. We ended up needing to do about $10k worth of plumbing work on top of that in the first year. 4 years later, nothing else has cropped up. Love our house.

I grew up in a house built in 1890 and my first home purchase was 1881. Incredible craftsmanship in both, but I still had to update appliances, so some remedial electric work, replace windows, refinish or replace the wood floors. That’s just part of the deal. It sounds like OP chose the wrong old house for their lifestyle.

terrible why didn't the previous owners keep up

[Anonymous]

Anonymous wrote:Considering my brother was just hired to dig a foundation of a "new custom build" in Arlington where the people are surely paying well over 2M for the home and he has never in his life dug a foundation, I'm not too confident in new builds. I wouldn't allow my brother to remodel batheoom let alone dig a foundation. I have zero faith in new construction in this area. It is so hard to find workers to do anything, thr criteria is a heartbeat and that's all.

Well then it’s never going to pass inspection

[Anonymous]

I've own new homes and old homes and there are benefits and draw backs to each. old homes are built sturdy with great style but have more maintenance. You need to be handy or have a good handyman for sure. My new houses had problems with warping roof timber, leaky copper pipes and failing plastic pipes and drainage issues so new doesnt mean perfect.

[Anonymous]

My new build is now old enough to be the next guys old house. I’ve thrown money at it every year and I’ll throw a lot more at it just before I sell. It will be as close to new when I sell as its ever been since its first birthday. Most of things in a house aren’t meant to last more than twenty years. It’s the actual structure that is meant to survive longer.

[Anonymous]

Anonymous wrote:I'm starting a family and we decided a new build townhome is best for the next decade. No issues to deal with, warranty, and when we eventually outgrow the 2500 Sq ft of space, I'll keep it and rent it out.

It's much easier than dealing with an old house that wasn't cared for and you're dropping big money every month fixing repair after repair after repair. No thank you. Plus newer builds are much more energy efficient than old homes.

Exactly what we did. Best thing ever. We even bought it back in 2006 and when we sold it last year, made a bit of money. Young families with little kids in my opinion, don't need the hassle and the extra time required for doing fixes to an older home.

[Anonymous]

We’ve lived in 2 old homes (150 years old and 80 years old) and now have a newer home. There is no question the older homes needed way more repairs, and it was never an easy fix because things have changed so much. When we have a problem with our newer house, we just buy a replacement and are done with it.

[Anonymous]

You don't get a medal dealing with an old house you get pissed off and broke

[Anonymous]

Another problem with old home is you never really know how they were renovated. Seen some amazing looking interiors for new homes, but inspectors miss so much. Wires done badly, mold in floorboards, plumbing done incorrectly, no thank you.

New or slightly used, you at least know what you're getting into and house is up to code.