Like any sector of technology, building technology changes rapidly. Aside from the aesthetics that are attributed to each time period, it’s also important to bare in mind the building technology of the time period. For example, some time periods may have used specialty nuts and bolts that are to find and hard to replace. Others might have constructed with heavy hex nuts while 12 point flange nuts are now called for a home. All of these are indicators of homes stability and value.
More than half, in fact 61%, of homeowners say that they have done some kind of repair on their home. This does come with the territory, after all. When people rent, they need not worry about which heavy hex nut to use because there landlord is often not far away. However, as a homeowner, it’s assumed that you’re willing to pick up a wrench and use it. You can control just how much you have to break out your wrench by purchasing a home that was built relatively recently.
Aside from the cost of time and talent, you may be wondering just how much it costs to keep up with your home as a homeowner? The general rule of thumb is that homeowners should anticipate to spend between 1% and 4% of the value of their home on repair each year. This could mean replacing the gutters, doing tuck pointing or cleaning out the chimney. All are important for the maintenance of a home of any age.
Old homes no doubt have charm but an informed buyer is a happy buyer. Do the research on construction methods during your favorite architectural time period before you go committing yourself to specific style.