General Information - Four Pricey Repairs Homeowners Face When Buying Older Homes



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Four Pricey Repairs Homeowners Face When Buying Older Homes

While purchasing a newly constructed home may seem more expensive, there are many repairs that may be necessary if you purchase a previously owned home. Investopedia offers advice on some expensive repairs which may be needed when you least expect them.


While purchasing a newly constructed home may seem more expensive, there are many repairs that may be necessary if you purchase a previously owned home. Investopedia offers advice on some expensive repairs which may be needed when you least expect them.

1. Sewer line issues - If a repair is needed to sewer lines on city property, you won't need to make the fix, but the source notes that homeowners are responsible if the problem is with the line that extends from your home. This is often a major issue in older neighborhoods where lines can easily be damaged. While most home insurance policies provide coverage, repairs can cost up to $15,000. Those who do own older homes can have their sewer line inspected as a preventative to a costly repair. To prevent this from becoming an issue, do annual inspections to your home's drainage system, including clearing gutters and outward pipes.

2. Deteriorating foundation - Some signs of a problem foundation include cracks in walls, tilting or bowing of walls. According to Investopedia, this is commonly caused by poor construction or even the type of land the house is built upon. Regardless of the reason, this can be expensive to cost.

3. Water damage - Before you make a final decision on a home, you will likely have it inspected by a professional. One major problem that shouldn't be avoided is water damage, which can lead to extensive and expensive repairs. If your home is in the clear, you should be proactive to avoid future fixes by repairing small leaks or rotting wood, says the source, or expect the damage to spread easily.

4. Mold - Since mold can't grow without moisture, it is crucial to make necessary water repairs as soon as possible and ensure your home is adequately ventilated in the kitchen, laundry room and bathrooms, where mold can easily grow around window seals, hot water heaters or water pipes. The source notes that your home insurance may not cover the cost of replacing moldy flooring and drywall, so make sure to address any issues when noticed.

For consumers interested in new homes for sale in Florida, it's important they know how to move through the process. GL Homes can help consumers know what the latest trends are for homes in Florida so they know exactly what they want in their new home.