What to look for when buying old house-avoid a nightmare-problems

Do you know what problems to look for when buying an old houses built in the early 1900's so you can avoid a nightmare house flip? Today let's walk through a house together to inspect the condition and see all the issues that can come up with old houses. If it was build before the n 1960's or 1970's, then you could be walking into a nightmare. There are so many hidden expenses that can pop up to the untrained eye or a first time home buyer or newbie investor. The unknown repairs and increase and even blow your budget so you better get trained to know what to look for. We'll go over the numbers, how we got the lead and why the house is for sale.
To learn the most about problems to look for when buying an old house, please watch the full video.

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00:00- Intro
1:50 - Let's look at the numbers on this house
3:36 - The exterior of the house
6:22 - The floors can start settling from many issues
8:30 - You have to be able to identify aging roof shingles
9:40 - Keep in mind older houses may not have good size closets
11:25 - Let's look at the bathroom, there's only one and it's upstairs
14:30 - Old wood trim is larger, expensive and hard to find and match up
17:50 - You have to spot old cast iron plumbing, it will rust and corrode

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#buyinganoldhouse, #problemswitholdhouse, #inspectoroldhouse

[Sedgrid]

As someone who only buys old properties, biggest issue is hiring contractors that wants to work on older homes.

[jamig.]

**Most Important Issues**
In an Old House:

1. Plumbing
2. Electrical
3. Foundation
4. Roof

- no galvanized pipes, no lead pipes, check the sewer line pipe to the street. It will need to be replaced - no doubt about it. The city will make you dig out the septic tank and have it removed.

- Electrical system is probably knob and wire. Must be taken out and rewired. Do not put aluminum wiring! A breaker box must be installed.

- Foundation, probably 18 blocks. The floor joists are probably rotted out. Sloping floors, walls, windows and doors are indicative of foundation problems. The upstairs gangster slant- not cool. Run away- or fall through.

- Roof, if an entirely new roof had not been put up within the last 15 yrs, your in it for the next $20, 000.

[JBLACK-visj]

As I walk in the house, you see the floor has the “gangsta lean” 😂

[LouisFrancoisArt]

Buying an old house is like buying an old luxury car. Can never stop repairing. I learned this from buying my firSt house.

[tonyapendleton]

So basically 75% of the homes in my city including the one I live in (didn't even watch the video, once I saw the list, I could immediately relate lol) Also don't know if you mentioned lack of central air, which even if you add will not efficiently cool, the lack of insulation, the doors will have mortise locks that are pretty much unreplaceable, settling issue which will cause doors to not not lock. The good news is though, the homes are solidly built. Please do a companion article on what happens with new construction, which can be a whole set of different issues as well as when developers poorly renovate over old problems....

[IndigoCosmic]

I am looking to purchase my first home and I'm completely in over my head. Everything is so intimidating for me. I live in Illinois too and the property taxes a super high. I saw a youtube video yesterday where houses where built from the ground up in 2018 and completely falling apart in 2021. It seems so hard to find something that fits your needs and budget these days.

[msmith]

I imagine the electrical wiring is probably old as well ... I’ve seen a friend deal with that nightmare firsthand led to holes being punch in the walls all over the house from top to bottom to replace and update .... nightmare I tell you thank you for sharing for us to see as an example first hand Coach 👍🏽🙏🏽

[bigdope]

Thanks for the education!!! Keep up the great work of spreading love through teaching!!

[candyjamaican]

Brother, youre in Americ and talking about that market but you're helping me here in Japan. Thanks so much.

[AberrantArt]

This is EXACTLY the stuff I love to see!!! Thanks Kris! I love self inspection videos and what to look for etc. Also estimating repair costs! Got any repair eVideos? - how to videos?

[helpinghands]

thank you for the video coach. I dont even look at houses with 1 bath. unless there is room to ad another one. I will pass on that house! thank you for your time coach. I truly appreciate it.

[blessedne]

You had me at, " Gangster lean" LOL. I appreciate this video. Very informative. Subscribed!

[genew]

For a house that was built in 1900, the house is in pretty good condition. They built houses a lot better back then than they do now.

[southbeachgamerz]

Love the videos learning a lot from you 🙌🏿🙌🏿🙌🏿🙌🏿

[dawnfoster]

In New England, you have to hire a licensed contractor to certify the asbestos and lead removal or encapsulation. And, if no closet, it can't be counted as a bedroom. As for the trim, because there are so many older homes here - it's a little easier to locate. And lastly, there are still some that love working on the old houses. I have one who travels throughout the US - he's the real deal - true craftsman!

[AandPdummieslikeme]

OMGOSH! Thank you for posting this. So many of the houses in my area are at least 100 years old.

[tmoore]

Kris I loved how you said, "I'm good." And you were out the door

[amanacatandhisdog]

Our home was built 1985. We were able to get the electric redone there wasn’t any grounding and the minor roof repairs. The foundation was already partially rebuilt. It turned out that the foundation was ok. The hvac was still good.

[BadTV]

Im living in the south and I have a couple older properties, including the one I reside in (built in 1940s) ..they say only 3 types of homes exist here- brick ones, the ones that have termites, and the ones that WILL have termites..

[matthewwalsh-realestatecon]

We bought a 1905 house in Pittsburgh. Mid way the stack collapsed. $5000 additional costs. No joke