Old Houses

Abandoned Richardson-Kennedy House

Abandoned Richardson-Kennedy House

Presented by: Joseph David Iles Brokered by: Keller Williams Southern Tier & Finger Lakes Former Ritz Carriage House now known as the Richardson-Kennedy house. Historic Victorian home in the heart of Elmira. While this structure is currently non-livable, there are so many hints at it's past charm that someone is going to discover this home and transform it into something stunning!...

Is It Worth Buying an Old House and Renovating

Is It Worth Buying an Old House and Renovating? Here Are 9 Points To Consider.

If you’ve house hunted before, you know how difficult it is to get decent housing, and the thought of creating your perfect abode by buying and renovating an old house may pop up occasionally.  While acquiring the fixer-upper presents an opportunity to build your dream home with an established foundation, it is not a walk in the park. There are various factors to consider before embarking on...

How Do You Avoid Buying a Money Pit

How Do You Avoid Buying a Money Pit? Here Are 7 Gotchas.

You should watch the famous Tom Hanks movie, “The Money Pit,” before buying a house. The film is hilarious, but it gives a lucid depiction of what homeowners endure when they acquire a fixer-upper that becomes a money pit. People often prefer buying a fixer-upper since it is cheap and increases in value. However, your house will become a money pit when you buy a house with many structural problems,...

What Makes a House a Money Pit

What Makes a House a Money Pit? Here Are 11 Gotcha’s

Houses are well known to be expensive investments regardless of buying new or used. Sometimes one can pop onto the market for a great deal, but before buying a fixer-upper, there are several warning signs to be on the lookout for, so you can understand all the risks. The following list will lay out some things to look out for before dropping a large lump of money into a possible money...

Are 1930s Houses Well Built

Are 1930’s Houses Well Built?

Are you buying a 1930s house? There are pros and cons to consider. Here's what to look for and what well-built means. The 1930s was a decade of significant change. In the United States, the Great Depression began in 1929 and lasted until about 1939. This period saw the rise of Franklin D. Roosevelt and his New Deal programs and the start of World War II. In home construction, the 1930s was a time of...

What Does the Term Money Pit Mean

What Does the Term ‘Money Pit’ Mean?

Merriam-Webster defines a “money pit” as “Something that uses up a very large amount of money.” Usually that something to which “money pit” refers is a house that needs expensive repairs. The 1986 movie “The Money Pit” starred Tom Hanks and Shelley Long as a couple who bought a grand old home with character and a long list of needed repairs, with comic results. Dealing with a...

What Are The Risks Of Buying An Old House

What Are The Risks Of Buying An Old House? Here’s 12 Gotchas

With the higher housing prices, you might consider buying an older house to save money. On average, they cost 10-30% less upfront than new homes. It’s hard to ignore numbers like that. But is it worth it? Older homes may come with costly repairs or renovations. They might not all come with those costs, and the amount you pay will vary. It can still be cheaper than buying a new home. You’ll just...

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