Perhaps we look at pictures of beautifully renovated older homes and think; I want to do that. While its true there are many rewards that come with fixing up an old home, are you prepared to tackle such a project? For example, many older homes were constructed with what we now know to be very hazardous materials. If the property you want to fix up contains these, you need to be prepared for what this will involve. Here are some of the hazardous materials you could find in an older property:
Asbestos. Asbestos insulation was frequently used in construction during the 1930s and 50s. If you find this is the case with your old home, the asbestos will need to be removed by a professional, qualified to remove it.
Aluminum wiring. This was often used in homes during the 1960s and 70s as an alternative to copper wiring. However, it proved to be defective with time. If the home has aluminum wiring, it will need to be replaced.
Lead paint. This is another hazardous material which is often found in homes over 40 years old. Paint will chip and turn to dust as it deteriorates and if it is lead paint, it can cause health problems, especially for babies and small children.
Radon. Radon gas cannot be detected with smell or sight but, if levels are too high, it can be hazardous. A radon test should be carried out to determine the level of radon in the house.
Many of these issues will need to be taken care of by a professional which will significantly increase your budget. Consider too that, if the home had the same owner for many years, there is a greatly likelihood of finding these materials in the home. Why not have the home inspected before starting a renovation project an get a better idea of what will be involved?