Often, the oldest homes are in some of the most desirable neighborhoods and are more affordable than something brand new in the same location.
It’s tough to beat the charm and character you’ll find when renting an older home or apartment.
However, it is important to remember that older buildings come with their own unique set of quirks.
While some characteristics commonly found in older homes are easy to upgrade or simply based on personal preference, there are a few red flags to keep in mind that might make or break your decision when considering signing a lease.
1. Potential utility costs
Ask your new landlord if they are willing to share a previous month’s utility bill so you can get a sense of how much you’ll be spending on utilities. Efficiency wasn’t necessarily a priority in the past, and things like electricity, heating and water can add up quickly.
Many older homes run on gas heat (or oil!), often a new expense for many.
Ask if any previous tenants have experienced any electrical issues, and take note of outlet placement as this is something you can’t really change once you’ve moved in.
2. Check out the windows
Older homes and older windows can often mean cold drafts in the winter months.
Ask your potential landlord if the windows are single or double pane windows — this will be critical when it comes to outside noise and maintaining the temperature you want inside the home.
3. Test appliances and fixtures
Older buildings have their quirks, and it’s likely you’ll deal with one or two if you decide to move forward with renting.
Make sure you know what you’re signing up for by giving things a quick test when you view the unit – flush the toilets, turn on the sink, turn on the stovetop, see if you are familiar with the heating system, etc. For example, if you notice things like slow-flowing drains or a toilet taking forever to flush, it might be a sign of larger plumbing issues down the line.
4. Ask about maintenance and repairs
There’s no way around it – older homes and apartments are generally going to require more maintenance and repair than brand new buildings. Ask the landlord about any major projects or upgrades they have planned for the near future.
Plans to replace kitchen appliances may entice you to stick around. Plans to replace the roof could deter you depending on your situation. As things age, they start to wear out, so be aware that you’re more likely to deal with regular maintenance issues.
5. Watch out for lead paint
Lead paint was banned in the U.S. in the late 70s, so if the building you’re considering existed before then, watch out for lead-based paint in the home or apartment.
Federal law requires landlords to warn tenants of the presence of lead paint at a rental property, which many do through a Lead Warning Statement built into the rental agreement. Additionally, landlords must provide renters with EPA-approved information on lead-based paints and potential hazards — it’s required.
Don’t hesitate to approach this topic before you get to the lease signing process, and keep an eye out for any noticeable peeling paint that may exacerbate the issue.
Renting an older home
Older rental properties might not have all of the luxury amenities of a brand new building, but you are more likely to find a one-of-a-kind space to call home.
Keep these considerations in mind when renting an older apartment or home. Make sure it’s the right fit for you.
Source: rent.com