When purchasing an old home with the intent of saving money, you must be aware of several potential hidden costs. Many items, if left unchecked, can lead to huge unexpected costs after you have closed a sale. Once you have located a potential house for purchase, be sure to check its location, foundation, crawl space, roof, exterior, garage, electric, heading, plumbing, kitchen, baths, living areas, bedrooms and attic. As home’s location is an important point to note for resale value. Look at the neighbourhood. Items that tend to lower a property’s value are messy neighbours or nearby businesses. Look for access to stores and recreation areas to increase a property’s value. Trees, fences, and patios are also a plus. Sand away from the house and check that it is square and straight. Look at the roof line and walls for sagging, settling and leaning. These problems could be caused from a bad foundation or poor drainage or a poorly built house. One problem you man encounter with a foundation is cracks. Straight cracks are common and can be repaired easily. V’d cracks are usually an indication of a very costly problem caused because cement was not poured properly. A second problem with foundations is termites. Termite extermination is costly, and damage can be costly to repair. With poor drainage, especially on hillside housed, moisture penetrates the soil and makes it slippery – actually making the house slide. To check for pooper drainage, examine the tile around the basement exterior and interior for cracks, and verify all sump pumps work properly. Improper drainage is a costly problem to fix. Crawl spaces should be well vented to prevent moisture buildup and dry rot of wood. The crawl space foundation should be checked for cracks. The Home Buyers’ Club meeting will be held this month on Saturday, August 26 in the Region Room at Cary’s Steak House in Harris. Dinner will be served at 6:00 p.m.; the meeting will begin a 7:00 p.m. and our presentation will begin at 8:00 p.m. Our guest speaker, Mary Evans, will address contracts: What You Should Know Before Signing a Contract. On Sunday, September 3, The Convention Center in Elmwood is hosting a Gardeners Show from 1:00 p.m. to 5:00 p.m. Hundreds of retailers will have exhibits. Man experts will be on hand to answer consumer questions. In the past, the Gardeners Show has proved to be an extremely worthwhile event for our members. The Home Buyer’s Club second Annual Picnic on Saturday, August 19 at Hughes Park in Romeoville. It is sure to be a fun-filled event for all family members. Bring your swimsuit and a dish to pass. See you at 1:00 p.m.! You may encounter four types of roofs on a house: wood, shake, wood shingles, asphalt shingles or fiberglass shingles. The life expectancy of wood roofs is 20-25 years, asphalt is 15 years, and fiberglass is 15020 years. Be sure to ask the current homeowner how many layers of shingles are on the roof. If there is one, the roof is probably the same age as the house. To determine the remaining life of the shingles, simply subtract the age of the house from the life expectancy of the shingles. If the owner doesn’t know or you are not convinced, you can contact the city or county for the permit issued on the house. Roofs also need proper drainage through gutters and down spouts. Be sure the water runs away from the house and not into the foundation. All types of gutters should be checked for leaky joints. Aluminum gutters are usually the best type. Wood gutters have to be oiled every year. Steel galvanized gutters should also be checked for rust. Four basic home exteriors are paint, brick, stone, and stucco. If the house is painted, look for peeling, checking, and chalking. Peeling is when the paint has lifted from the wall (like orange peels). Peeling is usually caused from old paint or poor insulation. If the paint is older than seven years, peeling is natural. When a house is poorly insulated, heat escapes moisture develops. The moisture saturates the wood while trying to escape. In these cases, the house has to be re-insulated by either removing the outside or inside walls to make the paint stick. Painted houses must also be looked at for checking and chalking. Checking is when the paint has little cracks on its surface with a rough-looking finish. Checking is caused by insufficient drying time between coats or poor-quality paint. To correct this problem you have to remove the paint by stripping or sandblasting it and then re-paint. Chalking is when the paint surface is dull and powdery. It is caused by oil-based paints. To correct this problem, simply wash the wall surface. Be aware though, that each time the surface is washed, the paint becomes thinner. If a house has brick siding, check if it is a solid brick wall or a veneer brick. Solid brick walls usually have a header brace every third or fourth row with full bricks in the wall. A header brace is full bricks laid the opposite direction. Veneer brick, the most common today, is an outside layer of brick attached to an existing studded wall, giving the appearance of an all-brick home. Although these homes look fine, look for these side effects; moisture in the wood, termites, and poor insulation. Stone houses are a lot like veneer brick houses in their construction and problems. The majority difference is stone houses are much more expensive because of construction methods. Houses with a stucco exterior attract a lot of moisture. Stucco is mortar attached to a screening. The screening is then attached to an existing wood wall. The moisture produces dry rotting of the wood wall. Stucco is also prone to cracks. Avoid stucco, if possible. Be sure to check all exterior windows. They should be painted with no signs of rotting. Older homes should have proper storm windows, and newer homes should have clear thermal panes. This concludes Part 1 of Buying Old Homes: Tips and Tricks.