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Newbuild vs oldbuild, repair/maintenance costs?

Options
Are there are risks in buying a 40 year old that is in good condition?

Will it need any repairs compaired to a new build? There are some hairline cracks?

Or could one expect to live in it for the next 40 years with no issues?

Comments

  • marksoton
    marksoton Posts: 17,516 Forumite
    Give up mate.
  • lincroft1710
    lincroft1710 Posts: 18,865 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It will definitely need some form of modernisation within the next 40 years. Depending on the fixtures, fittings, electrics, kitchen, appliances, plumbing, heating, sanitary ware, windows, doors, floor coverings, decor etc., it may need attention sooner rather than later.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • System
    System Posts: 178,335 Community Admin
    10,000 Posts Photogenic Name Dropper
    I'm more worried about things like roof, walls, insulation etc
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • AnnieO1234
    AnnieO1234 Posts: 1,722 Forumite
    When we looked for our current (and actually forever home although that bit wasn't planned) we had a 6 month old, and it made sense for all the reasons of maintenance etc that we bought new. It wasn't just the financial aspect but also the time that was a concern. Xxx
  • lincroft1710
    lincroft1710 Posts: 18,865 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Insulation may or may not be up to current standards. Brick walls tend not give problems unless there are other problems, e.g. subsidence. Concrete tile roofs tend not to give problems apart from the odd loose tile, a felted timber roof will need the felt replacing probably every 10 or more years and possibly timbers.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
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