The Money Pit...?

We all know that great Tom Hanks' comedy. A young couple buys a multi-million dollar mansion for a fraction of the price. The catch? It's essentially falling down. Upon moving in everything starts to fall apart; they even realize that they inherited a "raccoon" with the purchase! Endless checks are written, scam artist contractors are hired and their relationship almost ends, all because of this "Money Pit". Thankfully, like most Hollywood films, it all gets wrapped up with a fairy-tale ending for the couple who get married and live happily ever after in their older (now repaired) home.

Older homes offer many things that new construction doesn't. The charm that they offer often is not found in some of the "cookie cutter" new homes that hit the market. But homebuyers are right in having concerns when it comes to buying an older home. Often times they can come at a smaller price tag but if you don't do your due diligence, it could end up costing you more money in the end. Here is a great list of things to look for when on the search for a "Classic Crib" that will help you find the home of your dreams and not your nightmares!

http://www.plumdeluxe.com/guide-to-avoiding-expensive-pitfalls-before-you-buy