Are 1970s houses money pits?

I know any house can be a money pit (the worst house my parents ever had was a new build), but as first time buyers, I want to make sure we fully understand what we’re getting into if we get an older house that needs work.

We’re considering buying a 70s house in Ireland that’s only had one owner since it was built. It seems very well maintained—like a pristine 70s time capsule, complete with groovy 50-year-old carpet that looks brand new.

It’s hideous but move-in ready. We know there’s going to be tons of cosmetic work, insulation upgrades, and major heating modernization. But none of this work is urgent, and we’re prepared for it financially.

No one is waiving inspections in Ireland fortunately. So if we go sale agreed, we have a great inspector who’s very thorough. She’ll also recommend additional electrical or plumbing inspections if she thinks it’s warranted.

I’m just looking for perspective from people who’ve bought similar homes. What issues would be a deal breaker for you? What should I be on the lookout for in the second viewing (and in the inspection if we go sale agreed)? What do you wish you knew about older houses before you bought one?

Thanks!

submitted by /u/Helvetica4eva
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I know any house can be a money pit (the worst house my parents ever had was a new build), but as first time buyers, I want to make sure we fully understand what we’re getting into if we get an older house that needs work. We’re considering buying a 70s house in Ireland that’s only had one owner since it was built. It seems very well maintained—like a pristine 70s time capsule, complete with groovy 50-year-old carpet that looks brand new. It’s hideous but move-in ready. We know there’s going to be tons of cosmetic work, insulation upgrades, and major heating modernization. But none of this work is urgent, and we’re prepared for it financially. No one is waiving inspections in Ireland fortunately. So if we go sale agreed, we have a great inspector who’s very thorough. She’ll also recommend additional electrical or plumbing inspections if she thinks it’s warranted. I’m just looking for perspective from people who’ve bought similar homes. What issues would be a deal breaker for you? What should I be on the lookout for in the second viewing (and in the inspection if we go sale agreed)? What do you wish you knew about older houses before you bought one? Thanks! submitted by /u/Helvetica4eva [link] [comments]

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