I’m looking to purchase a century home in relatively good condition, but I’m weary of old electrical work/plumbing. What do I need to know?
Many older homes were built with “knob and tube” wiring and require fuses. These homes are more difficult to insure, and it can be quite costly to replace/modernize the entire home’s wiring. Same goes for plumbing – when was the last time things were renovated or replaced? Make sure to ask!
There is no garage in the house I’m interested in purchasing.
There are various forms of parking, and in the city it comes at a premium. Street permit parking, attached and detached garage parking, and shared parking pads are all options and can effect the value of a property. Understand what you your needs are, and what you are getting. Close to the streetcar/subway line? Short commute to work? Ditch the car and look into a Zipcar membership!