Steve Napora © 2009
BobVilaContractors.com
Old homes have details, character and charm that can be difficult to recreate in new construction without spending a fortune. If you�ve been thinking about buying an older home, the FHA makes easier to afford any necessary repairs with its 203(k) program, which allows you to finance $35,000 of home renovation costs into your mortgage. With recent uncertainty in the housing market, restoring an old home for the 21st century may be a smarter choice than buying new construction.
Get Permits
There�s a difference between renovation and restoring. If you�ve seen a meticulously restored Victorian home, you know that a lot of work was put into making it look exactly like it did when it was first built. If you decide to modernize certain features of your old home instead or restoring them to their former glory, make sure you get approval first from the proper local agencies.
Fix the Foundation
Obviously, building methods change over time, and foundations of old homes were constructed differently than they are now. That doesn�t mean an old home can�t have a solid foundation, it just means problems may exists like sloping and cracking. Fortunately, there are solutions to even serious old home foundation problems, and a professional can advise you on the best solutions.
Address Water Damage
Water can damage is a serious problem whether it�s in an old home or a new one. There are many sources of water damage other than just water seeping in from the outside, such as plumbing, appliances and water heaters. Water causes rot and mold problems, and these issues should be fixed in any home remodeling or renovation project.
Bring Wiring Up to Code
Outlets in old homes may not be grounded and replacing these is an obvious first step to making your electrical system safe. Rewiring the entire house to make it comply with modern standards is always the best option. However, if this is beyond your budget, you should replace enough of your old home�s wiring so you can safely run major appliances.
Tackle Lead and Asbestos
Any home remodeling, renovation or restoration work should take into consideration removing any harmful substances from the premises. Asbestos was commonly used as insulation up until the 1970s, however abatement companies can safely remove it from your home. Similarly, lead paint is still found in many old homes, and removing it will keep you and your family safe from accidental ingestion.
Reinvigorating an old home can be challenging but also rewarding. Choose a good, reputable contractor to ensure the best work and a maximum return on your investment for any home remodeling, restoration or renovation project.
