Four Things You Need to Know Before Buying an Older Cabin Property
Minnesota brings a lot of rich history. Thanks to the beautiful scenery Up North, people have built some gorgeous cabin properties over the years. Older homes tend to have solid structural bones and a ton of charm and character, but because of their age, some issues can arise while owning an aged property. If you’re looking into buying an older vacation home, here are four things you should look for or ask about before signing the paperwork.
When was the electrical and plumbing last updated?
Older homes often have outdated internal plumbing and electrical systems that could cause major issues resulting in thousands of dollars in repairs. See if outlets are up to code and what materials have been used for piping. Don’t be afraid to ask the seller to update some of the more reasonable items if you decide to make an offer.
Are there any Structural or Foundational Concerns?
Even the most well-built homes can deteriorate over time. Beams and foundations can crack and materials can become compromised due to bad weather, water damage, or other uncontrollable factors. If a home has major structural concerns, consider working with the seller to negotiate the price as repairs can be expensive and most homeowners insurance companies won’t cover the cost of these types of repairs.
Has the Property Been Tested for Radon?
Radon is a toxic chemical that is created by the breakdown of uranium in the ground. When it occurs naturally in the environment it causes no harm and is released into the atmosphere. However, when it gets trapped inside a home it can cause dangerous side effects to the human body. Ask the seller if the property has been tested, and if it hasn’t, have them test the home before making an offer so that you know what you’re getting into.
Does the Home Contain any Hazardous Materials?
Homes built before 1978 often contain materials now known to be unsafe such as lead paint or asbestos. You might want to look into the cost and time commitment of removing them before purchasing, especially if you were hoping to move in quickly.
Buying a cabin property should be a fun and exciting experience. Bill Hansen Realty’s team is here to advocate for you and ensure that you don’t step into a property with a load of issues that could set you back thousands of dollars. Get in touch with us today to start your search for your beautiful, new-to-you vacation home!