Some of us can't resist the charm and character of an older home, especially in the Georgian Triangle where history abounds, and the past lives on. Floors may be rickety, and the original plaster walls may need help, but the rewards of fixing things up are a home with a distinctive style and unique atmosphere. Some things to watch for are:
WIRING: Some wiring such as knob and tube my be considered a firs risk, especially if it is deteriorated damaged or mixed with another type of wiring. If a home inspector finds knob and tube wiring in the home, your insurance company may require that you update you electrical system before they will provide coverage.
GALVANIZED OR LEAD PIPES: Galvanized or lead piping usually means that hte plumbing in the house is more than 50 years old. Older pipes are more susceptible to rust buildup which can cause blockages, or worse, burst pipes. Because of the risk of flooding from bursting pipes, your insurance company many request that your plumbing be upgraded to modern copper or plastic.
HEAT SOURCE: Some older homes may still be heated using oil. Most insurance companies will require more details about the age and condition of the oil tank, before providing coverage. If an old or leaking oil tank is to be removed, the cost of cleaning up the surrounding floor and the soil below can be substantial. Removal of contaminated concrete and soil, and subsequent testing is a time consuming and expensive task.
WOOD STOVES: Since they are often the source of house fires and carbon monoxide poisoning, especially if not property installed and maintained, wood stoves will likely need to be inspected before insurance coverage is confirmed. Inspections are carried out by a certified WETT inspector (Wood Energy Technology Transfer), who will provide a report for insurance purposes.