So I am inheriting my grandmother's houseBuilt in 1972, has a pole barn style shop in the back that my grandfather built, house is mostly original. Appliances are from the 1970s lolNevertheless, what should I be mindful of in an early 70s house like this? Moderately good with tools
'72 is pretty modern. No fuses and no odd framing measurements. Mine was built in '72 - You might find that water heaters and fridges are no longer exactly the same size, but no big deal. I'd check the history of the roof and if it's over 15 years, inspect it.
>>2998362asbestos
>>2998376Possible but unlikely. It was well on the way out in most products by '72. There might also be lead paint but it would have been the first coat. It was banned in '78.Most of the 'issues' you will have will be things just being not as good as modern stuff but not terrible or dangerous. Modern insulation can be better, modern windows can be better, modern appliances can be better, etc. Not always of course. People buy cheap new shit and then are surprised it is worse than expensive old shit.As >>2998371 said, I would look at general maintenance stuff and shoddy repairs. Check the roof, the foundation, the pipes, the pointing on the brick walls, the condition of caulking and paint, that kind of shit. If you see any signs of a poor repair or upgrade you should dig into it. Check the attic insulation and make sure it was installed correctly and that a racoon didn't burrow into it or something. Same with the roof vents, if it has them.You could also have issues with the way they did things back in the day. A house I lived in had grounded outlets but the fucking dogshit electrician didn't connect the ground wire to the outlets, just to the box. Technically that isn't required because the screws that hold the outlet to the metal box provides ground but it is still lazy, incompetent bullshit you should look out for. Did someone later 'upgrade' some breakers to 20 amps because they kept tripping but left wiring that is only rated for 15 amps? Is the water heater strapped to the wall? What about elevated off the floor so it doesn't dump heat into the concrete? Drain pan? Does it drain to daylight? What about the relief valve? How old are the washing machine hoses? Do they have automatic shutoff valves if they burst? What about under the sinks? Did they waterproof the cabinet bottoms? Are they already rotting from old leaks? When was the last time the shut off valves were tested? More than once I have used a shutoff valve only to have it start leaking
>>2998371my house is '79 and it has fuses lmaono lead or asbestos though, and nice copper plumbing
>>2998362Tail end of asbestos Tail end of lead paintPossible aluminum wiringPrimetime for fire starter circuit breakers like zinsco or federal pacific
>>2998409>It was well on the way out in most products by '72.Peak US consumption of asbestos was in 1973.
>>2998455Ah fuck, you are right. I thought it was the 70s that they started phasing it out but it was the 80s. It seems the final bans rollout out in fucking 2024. Big Asbestos really had the regulators captured, eh?>>2998362OP, did your grandma die of mesothelioma?>>2998444Aluminum wiring! I forgot about that. I mean, as long as your electrician wasn't an alcoholic and did things right.. ah, who am I kidding. Move that to the top of the list of things to check. The best part is, do you know why they moved to aluminum wiring? I mean, it had been used safely outside of residential wiring for decades. Still is. What was the problem? The price of copper spiked and all of a sudden aluminum wire was cheaper than copper. So, to have more money to buy alcohol, electricians started using it for homes. The problem is you can't mix metals. Honestly, it is good practice for just about anything. If you have aluminum wire you have to have outlets and switches that are also aluminum. The problem is, these alkies would use old inventory of things with brass connectors. That is fine with copper but causes corrosion with aluminum. As the corrosion builds up resistance increases. More resistance means more heat and eventually you have a failure. Maybe even a fire. Even with the asbestos everywhere shit still burned down.
>>2998458
>>2998460Fun fact: About twice as many people died from the aftermath of breathing contaminated air as from the actual attacks and the buildings coming down.
>>2998474
>>2998460One tower got a complete asbestos treatment and the other only got a partial.The fully treated tower was almost completely evacuated when the partial tower collapsed.
I have a 72. The foundation is shit. No footing, just a wall on clay. The slab is 2.5-3" thick at best. Cast iron pipes are rotting out under the slab. Insufficient insulation in the attic. Rafters aren't supported as well as I'd like them to be, one is 3-4" away from a parallel wall that could be holding it up, I don't get why the wall was put in this spot, literally no reason.
dryrot/termites, maybe mold in crawl space.figure you are gonna re-paint, so get a Snake Scope and drill holes through drywall into framing, check sawdust for mold or rot or termites, spray in some shit to kill that shit in future, then maybe blow in insulation.Give LOCATION for better tips.
>>3000032>Give LOCATION for better tips.yeah>>2998567>Cast iron pipesthis is fuckery you want to replace before doing any renovating, it'll be expensive but cheaper than if you wait till later
>>2998567you can use a device to inflate and push a plastic liner into the cast iron pipes so that they can last a little longer while you get the stuff to replace them with copper or PVC
>>3000108this is exorbantly expensive, unless you're protecting a recent 100k remodel with amazing floor tile you can't replace... it's better to just repipe it
>>2998567>The foundation is shit. No footing, just a wall on clay. The slab is 2.5-3" thick at best.Yep, that. Concrete is a terrible foundation material. It slowly melts in constant contact with wet ground. After ~50 years, it is done. You probably have large cracks in your foundation already. Floating slabs are the worst. Moisture will seep up into your flooring and create mold everywhere in the house. You're way better off with a 100 year old house with a brick and mortar foundation.
>>2998362Do you have any intentions of flipping it? Depending on where you're located, you could make a fortune.
>300023too>t.roastie or merchant call ithint theres no females on le interwebz
>>3000232death to all flippersflippers get beheaded with boomers
>>3000622>seething because flippers are way ahead in the race.
>>2998458>final bans rollout out in fucking 2024.it was only being used as corrosive resistant gaskets in chemical manufacturing by that time, all the residential stuff was banned in the 80s, but you would still find it every once in a while in ceiling tiles imported from Canada in the 90s
>>3000743you havnt been paying attentiontheyre holding the bag lel
>>3000938>2017: Bought house for $300K>2026: Sold $900kWhat bag?
>>3000942holding property for a decade isnt a flip retard
>>3000947how are flippers holding the bag?
>>3001013bought high selling lowno one is buying shitty flips right now
A few years ago it was a good time to flip because mortgage rates were low. You could buy a place, take some time to renovate it, and not get your profits eaten up making payments on the thing. Now rates are 6% and climbing. If you buy a house at $200k (ballpark $150k asking, $50k for renovations) and a 3% rate you pay about $1,300 a month. At 6% you are looking at about $1,660. That extra $360 a month adds up quickly. Remember, you don't flip as a side gig. Its a fucking job. You need to move fast but you always spend time waiting on permits, waiting on contractors, losing time to weather and unforeseen repairs. It generally takes a skilled, experienced flipper around 5-6 months to flip a place. That is $1,800-$2,100 lost just on the extra interest. That is for a single house. Real flippers have a few houses going at a time and have relationships with contractors. Heck, I knows some guys that only work doing flips for a single company. Do you know how much capital you need to have lined up to have enough flips going to keep a couple of contractors working full time exclusively for you? I'll tell you, too fucking much to be able to afford to finance it at 6%+. Back before the collapse in 2008 it was a good time because the market was white hot, ARMs were still a thing, and you could get approved with a pulse. Buy a place, pay next to nothing in interest, referb it, ask just about any price you wanted, and have it sold before the real interests rates of the mortgage kicked in. People were literally buying second and third homes as investments. Not even renting them, just having them sit empty. They didn't even care that much about condition. The land value alone was such that, after a few years, you could bulldoze the house, sell the empty plot, and still make a little money.Now? Fuck off. Supply is non-existent (look up golden handcuff mortgage), interest rates are high, the economy is in chaos, and several business sectors are laying people off left and right.
>>3001152>>no one is buying shitty flips right nowThere's a huge market of shitty midwestern houses that people are buying low and flipping high.
Aluminum fucking wiring. I'm looking at getting my house rewired, myself. Had two light fixtures in my kitchen blow out, had to pull out all of that wire and put in copper leading to the new fixtures. By had to, I mean the sparky I hired had to. I fucking hate electrical work. I can change a light fixture or outlet, I can hardwire some things, like I hardwired the dishwasher into the wall, and that's the extent of what I can do with that black magic electricity shit.
>>3001188flyover always takes a minute to catch up
>>3001210>takes a minuteRetarded Millenial has no idea the market has been lucrative for years and will be for more years to come.
>>3001285if 40k profit is lucrative to you, sure
>>3000039>this is fuckery you want to replace before doing any renovatingOnly semi-accurate. Really old cast iron pipes were super thick and should genuinely last 100 years. After the 70s they started using thinner walled cast iron which gave them a bad rap for rusting away in about 30 years. Use a camera and scope them. If they're in good shape and don't need jetting or snaking, leave them the fuck alone. Same thing for clay pipe drain lines, some places used them and they work fantastic so long as there aren't any shifting clay soils or shrubbery breaking them apart. OP, for plumbing as well, check to see if they're copper pipe or if they're galvanized steel. both have their issues, but you should consider replacing them with PEX since no water pipe lasts forever. Other than that, hire an electrician to look at the breaker panels and general wiring. Some really old houses had knob and tube wiring, some had aluminum wiring, some is just ancient wiring that likely should be replaced anyway. Zero chance there are GFCI outlets, arc-fault breakers, or other modern safety items. Same thing for the 70s appliances: they're probably okay but that wiring, insulation, and components are now nearly 60 years old and thats not something I'd sleep easy about. Plus nobody is really interested in buying 60+ year old appliances unless they're very robust gas appliances. Those DO bring a big premium so long as they look aesthetically correct with any kitchen remodel you might do.
>>3001291Try six figures.
>>3001422post one
>>2998362asbestos. they had it on their corn flakes in the 70s.
>>3001422Fuck off. Typical profit margins on a flip are 25 percent. That is lower then it has been because all the cheaper homes, the ones that really benefit from flipping, are tied up. No one can afford more expensive homes, so trying to sell them for EVEN MORE within a year of you buying them is retarded. Almost no one is making $100K on a flip. We are talking lottery odds here. It ain't 2007 anymore, grandpa. Interest rates are high, construction costs are through the roof, and trump busy fucking the economy in the ass without lube. Ain't no one got the coins to drop an extra $100k on some dogshit flip.
> Typical profit margins on a flip are 25 percent. That is lower then it has been because all the cheaper homes, the ones that really benefit from flipping, are tied up. According to whom?> No one can afford more expensive homes, so trying to sell them for EVEN MORE within a year of you buying them is retarded. It's happening more than you think. The housing supply is so low people are willing to pay tens of thousands, even hundreds of thousands, over asking.> Almost no one is making $100K on a flip. We are talking lottery odds here. It ain't 2007 anymore, grandpa. Interest rates are high, construction costs are through the roof, Me and my business partners have been making well over six figures on flips since COVID. We didn't win the lottery; we put in the work to study markets, crunch data, acquire properties no one thought to act on, and secure manpower and resources at afford prices.>trump busy fucking the economy in the ass without lube. TDS>Ain't no one got the coins to drop an extra $100k on some dogshit flip.Again, the supply is so low people in certain markets are ready and willing to pay over asking. Late-blooming Gen-Xers and Millennials are trying to start families, and they need the space.
I dunno your financial status but kf its a budget issue id focus on roof, foundation and furnace. I do hone renos and most young ppl ignore these things bc it doesnt have the flash that theyre looking for but these are the things that can seriously mess up your house if they fail. The esthetic upgrades can come in time
>>2998567>>3000226What if you put additives in the concrete foundation during mixing so it repels water? Is that feasible or is it too expensive?What about using a stone foundation?
>>2998478Nobody said asbestos didn’t work.Also, lead paint is excellent stuff.Next big thing will be Radon Gas, primarily in basements.
>>3002909radon is a big nothingburger
