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The Age Factor in Homebuying
 
While the age of a home denotes how long the structural members have been in place, the actual number of years means little or nothing.  As with humans, age is relative; and sometimes a fifty-year old home is in better condition than one that is only a couple of years old.  Rather than age, the important aspects are determining whether or not the home meets your needs, confirming its condition and having it in a convenient and desirable location. 
 
There is one area where age may help to point out potential problems and that is in being aware of construction or materials problems associated with a particular time frame.  The existence of lead paint, synthetic stucco, defective siding materials or other potential hazards can often be identified if the age of a home is known.
 
Fixer-uppers
A popular category of used homes are those homes known as “fixer-uppers.”  These homes may need a new roof (an easy repair which, unfortunately, frightens away many potential buyers), new siding, kitchen and bath upgrades or the replacement of heating, plumbing and electrical systems. Some homes may even require that significant structural repairs be completed before they are safe to ... more

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