I really can't tell you, how many people I've worked for in the past, who are tired of the problems with their old homes. Most of them purchased these homes, because they love the area or that these homes were simply cheaper than newer ones. The biggest problem with the people, who buy old homes, simply because they can't afford to buy newer ones, is that most of the time these people can't afford to do the home repairs either.
I'd like to share something with anyone that owns a house that is over 30 years old. There is a good chance that you're going to need to do home repairs on this house and I can't tell you exactly when all of these repairs will be done and that you won't ever need to do any home repairs again.
This usually isn't the case and you can plan on doing more home repairs in the future. There is just no way around it, old things need to be fixed and older homes are no different. If you're planning on purchasing an older home, you should probably get some more information from homeowners in the neighborhood about the home repairs they have already done or need to do. This could save you a lot of grief in the future.
Let me give you an idea about some of the repairs that might need to be made on older homes, if your home has galvanized water supply pipes, there's a good chance that these will need to be replaced eventually. Cast iron waste pipes can create problems in homes that are over 40 years old, especially on those homes that have large trees growing near these drainpipes.
You could find yourself replacing the entire electrical system in homes that are over 50 years old and don't forget about termite damage, house pests, wood rot, roof leaks, structural problems, foundation problems and general wear and tear on windows and doors.
There are advantages and disadvantages to purchasing older homes and home repairs is going to be one of the disadvantages. If you're the type of person who likes to repair this stuff on your own, it wouldn't be a bad idea to live in an older house. However, if you're the kind of person who doesn't want to spend all of their time or money working on their home, you should consider purchasing a newer one.