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[quote=Anonymous]OP, it really can go both ways.

Our neighbors bought a new build around the corner from us.  Right after the 1 year warranty expired their basement  massively flooded.  It resulted in a $75k home insurance claim to gut and redo their finished basement. The homeowners then had to invest $50k of their own money to fix the exterior drainage, and then another $10k to redo the landscaping that was destroyed when doing the drainage work.  A massive headache.

Our old house had tons of issues when we purchased, but most were minor enough that my husband could do the repairs himself.  The prior owner had done zero maintenance for the prior 10 years.  (We knew this when we purchased and got a good deal, though we did not fully appreciate the extent of the issues.)  We had a tough 2 years while we addressed those issues, but we have been in much better shape since then, with only minor issues.

With our prior house built in 1924, the house had been well maintained and we didnt have significant issues.  It was a great house.[/quote]

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