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What to expect when buying an older home – Dallas Mortgage

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           What to expect when buying an older home

           When buying an older home you should expect
           some positive and negative thing associated with
           it. Most people prefer buying an older house com-
           pared to a new one. The first thing people enjoy is
           the reduced price, older house are sold at reduced
           rates and with the economic hardship this comes
           very handy. Another thing you should expect
           is the older Naples homes are mostly located in
           good neighborhoods which are friendly and close
           proximity to towns. The proximity brings you to
           shopping malls and dining places or even closer to
           your work place. Another thing you should expect
           is that an older home would be already established
           with gardens and play grounds. You will also get the house has already been decorated from inside and
           has window bars and furnished customized cabinets. Other decoration you might enjoy includes doors
           and the accessories in the bathroom which are costly if you choose to buy them.


           Upgrades May Be Needed

           A downside is that you may need to do some upgrading in the house, since the building was built
           sometimes back it didn’t have the latest technology and you will have to pay to have it upgraded. Such
           new technologies are internet cooling systems and heating systems. In the modern days you can’t live
           without and you might have to call someone to do the upgrading. Other things that may need upgrad-
           ing are the walls and floors. They might have been worn out and in need of repair. Also you may need
           to call a house inspector who will have to do a thorough search on your wiring and plumbing systems
           to see if there are any defects. Older homes built before 1978 have been known to have lead paint
           which is health hazard. Mold is another problem that you should expect when purchasing an older
           house so you are advised first to call the expert to check if there is mold and to remove it if they find it.




               © 2012 PrimeLending, A PlainsCapital Company. Trade/service marks are the property of PlainsCapital Corporation, PlainsCapital Bank, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This
               is not a commitment to lend. Restrictions apply. All rights reserved. PrimeLending, A PlainsCapital Company (NMLS no: 13649) is a wholly-owned subsidiary of a state-chartered bank and is an exempt lender in the following states: AK, AR,
               CO, DE, FL, GA, HI, ID, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WV, WI, WY. Licensed by: AL State Banking Dept.- consumer credit lic no. MC21004; AZ Dept. of Financial Institutions-
               mortgage banker lic no. BK 0907334; CA Dept. of Corporations- lender lic no. 4130996; CT Dept. of Banking- lender lic no. ML-13649; D.C. Dept. of Insurance, Securities and Banking- dual authority lic no. MLO13649; IL Dept. of Financial and
               Professional Regulation- lender lic no. MB.6760635; IN Dept. of Financial Institutions- sub lien lender lic no. 11169; ME Dept. of Professional & Financial Regulation- supervised lender lic no. SLM8285; MD Dept. of Labor, Licensing & Regula-
tion- lender lic no. 11058; Massachusetts Division of Banking– lender & broker license nos. MC5404, MC5406, MC5414, MC5450, MC5405; MI Dept. of Labor & Economic Growth- broker/lender lic nos. FR 0010163 and SR 0012527; NH Banking Depart-
ment- lender lic no. 14553-MB; NJ Dept. of Banking and Insurance-lender lic no. 0803658; NM Regulation and Licensing Dept. Financial Institutions Division- lender licaense no. 01890; ND Dept. of Financial Institutions- money broker lic no. MB101786;
RI Division of Banking- lender lic no. 20102678LL and broker lic no. 20102677LB; TX OCCC Reg. Loan License- lic no. 7293; VT Dept. of Banking, Insurance, Securities and Health Care Administration- lender lic no. 6127 and broker lic no. 0964MB; WA
Dept. of Financial Institutions-consumer lender lic no. 520-CL-49075. PrimeLending, A PlainsCapital Company is an Equal Housing Opportunity Lender. 810 Hester’s Crossing, Suite 150 | Round Rock, Texas 78681
             WWW.PRIMELENDINGDALLAS.COM                                                                                                                                  CONNECT WITH US




                                                               SPEAK WITH A MORTGAGE EXPERT (800) 308-8503

           Page 2 - What to expect when buying an older home

           Replacing Appliances

           Another thing that you should be fully aware of is that you may need to replace some appliances
           because they have worn out or have broken down. Older homes are usually less energy conservative
           compared to new ones and you may need to do something about that and make the house more energy
           conservative. You may also have to do more customization on the house and add more designs and
           decoration to make it more appealing to your own preference. An older house may be cheaper and the
           need for remodeling may cause your budget to sky rocket. You will enjoy the fact that some develop-
           ment have been done in the house and you have to do a little or no remodeling.


           Being Prepared

           Newer house tend to be experience more problems and need regular checking but an older house have
           been checked out and areas that can be problematic fixed. Knowing what to expect in buying an older
           home will let you be psychologically prepared and you can also prepare you budget and call the neces-
           sary experts to do all the maintenance. You will also know what you are expected to upgrade and give
           you ample time to window-shop for cheaper materials and contractors for the job. At the end of the
           day you will have your home in an area you have always wanted.



           To contact a Dallas mortgage expert, call PrimeLending today: (800) 308-8503.

           Read more PrimeLending mortgage articles.




               © 2012 PrimeLending, A PlainsCapital Company. Trade/service marks are the property of PlainsCapital Corporation, PlainsCapital Bank, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This
               is not a commitment to lend. Restrictions apply. All rights reserved. PrimeLending, A PlainsCapital Company (NMLS no: 13649) is a wholly-owned subsidiary of a state-chartered bank and is an exempt lender in the following states: AK, AR,
               CO, DE, FL, GA, HI, ID, IA, KS, KY, LA, MN, MS, MO, MT, NE, NV, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WV, WI, WY. Licensed by: AL State Banking Dept.- consumer credit lic no. MC21004; AZ Dept. of Financial Institutions-
               mortgage banker lic no. BK 0907334; CA Dept. of Corporations- lender lic no. 4130996; CT Dept. of Banking- lender lic no. ML-13649; D.C. Dept. of Insurance, Securities and Banking- dual authority lic no. MLO13649; IL Dept. of Financial and
               Professional Regulation- lender lic no. MB.6760635; IN Dept. of Financial Institutions- sub lien lender lic no. 11169; ME Dept. of Professional & Financial Regulation- supervised lender lic no. SLM8285; MD Dept. of Labor, Licensing & Regula-
tion- lender lic no. 11058; Massachusetts Division of Banking– lender & broker license nos. MC5404, MC5406, MC5414, MC5450, MC5405; MI Dept. of Labor & Economic Growth- broker/lender lic nos. FR 0010163 and SR 0012527; NH Banking Depart-
ment- lender lic no. 14553-MB; NJ Dept. of Banking and Insurance-lender lic no. 0803658; NM Regulation and Licensing Dept. Financial Institutions Division- lender licaense no. 01890; ND Dept. of Financial Institutions- money broker lic no. MB101786;
RI Division of Banking- lender lic no. 20102678LL and broker lic no. 20102677LB; TX OCCC Reg. Loan License- lic no. 7293; VT Dept. of Banking, Insurance, Securities and Health Care Administration- lender lic no. 6127 and broker lic no. 0964MB; WA
Dept. of Financial Institutions-consumer lender lic no. 520-CL-49075. PrimeLending, A PlainsCapital Company is an Equal Housing Opportunity Lender. 810 Hester’s Crossing, Suite 150 | Round Rock, Texas 78681

				
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Description: What to expect when buying an older home - When buying an older home you should expect some positive and negative thing associated with it. Most people prefer buying an older house compared to a new one. The first thing people enjoy is the reduced price, older house are sold at reduced rates and with the economic hardship this comes very handy. Another thing you should expect is the older homes are mostly located in good neighborhoods which are friendly and close proximity to towns.