Thursday, April 4, 2013

Owning an Older Home: Should I Repair or Replace?



Older homes, built before WWII or earlier, are charming, unique, historic, quirky, annoying, and expensive—and you wouldn’t live anywhere else. So when it comes time to maintenance, should you repair or replace?

Experts agree that you should always try to maintain the originality of the home, with the exception of kitchens and bathrooms. Whether you’re thinking of buying an older home, have lived in one for many years, or are thinking of selling one, kitchens and bathrooms should be updated for both functionality and resale value.

Everything else, however, can usually be repaired at a reasonable price—if you find the right professionals. Four items in particular can be repaired relatively inexpensively while maintaining your home’s character.

Cracked plaster walls
Chips and fissures can be repaired without destroying the original wood trim. A professional can reattach the old plaster using special washers, then apply a plaster-like coat over the top, saving up to $200 a room.

Loose stair banisters
Repairing a loose handrail is important for both looks and safety. An experienced carpenter can tighten spindles at each step, and strengthen the entire banister by tightening a nut in a hidden pocket in the newel post, for around $200.

Squeaky wood floors
Time and multiple refinishings cause creaky, squeaky wood floors. A professional woodworker can sink micro-head screws through the floorboards and into the framing below, to stop them from rubbing together, for about $200–$500.

Drafty windows
An experienced carpenter can fix drafty, rattling windows. Removing built-up paint, adding weather stripping, waxing rails and replacing hardware will make the windows more energy-efficient for around $100–$200 each.

If you’re looking to buy or sell a unique older home, give me a call at 317.777.1805 or email me at Scott@LacySells.com.  

No comments:

Post a Comment