Despite the possible problems mentioned above, there are some pros to buying an old house. The architecture is something to appreciate when cookie-cutter homes are the new norm. You can find stunning Victorians, Tudors, and Colonials if you’re open to buying an older house.

Old homes also have mature landscaping. You can hang a swing from a big, sturdy tree. Bushes and flowers have grown over time with good care, so you’ll get a beautiful landscape just outside your door.

Depending on where you’re buying, it can also be more affordable to buy an old house. New houses often offer top-of-the-line appliances and customizations, so you’re basically paying to make it yours. If you’re willing to live in a previously-loved house, you could save as much as 30% when the market is good.

However, there are still some cons to buying an old house. Besides the risks mentioned in the last answer, older homes often have higher maintenance costs. They don’t have the same insulation as newer builds, costing you more in heating and cooling bills. You’ll also most likely put some money into repairs and upgrades to make it comfortable.

Old houses are often smaller and more enclosed than newer builds. A modern home has high square footage with open floor plans. Older homes, on the other hand, have less square footage and have more closed-off rooms than open areas. The rooms and closets are also smaller and the ceilings are lower. You usually can’t create open floor plans due to historic guidelines.

You need to consider your needs and aesthetics when weighing these pros and cons to figure out what type of home is best for you.