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The Pitfalls of Buying Older Properties

Posted by Laila Conlon on 23 Mar, 2014
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Coral-Gables-Historic-HomeIt’s no secret that many modern developments lack the space and gracious ambience that older homes are imbued with. Generally speaking, older homes in established suburbs feature sprawling gardens and entertainment areas, large pools and generously proportioned rooms, all of which appeal greatly to big families. But as picture-perfect as these properties may look, it’s important to realise they may also harbour age-related problems that can prove costly to remedy.

Purchasing a property is one of the most expensive undertakings you will ever embark on, so the last thing you want to end up with is a house that costs more than you anticipated post-sale. Such scenarios typically arise when buyers don’t utilise the services of professional home inspectors. The fact that you will probably have signed disclosure documents further exacerbates the situation as doing so effectively waives any right to damage claims – although such cases can, and are, being argued in court.

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