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Though there are exceptions to the rule, homes tend to be older throughout the Northeast and Midwest, and in urban cores across the country.
On average, owner-occupied housing in New York, Massachusetts, and Pennsylvania is more than 50 years old.
It can be hard to know what the jargon really means if you don't speak "listing." Understanding the terms can mean the difference between the home you've always wanted and a pricey reconstruction project not worth your time.
If you're ready to buy, here's a vocabulary primer: Original condition: The previous owner did not maintain the property and it will need updating and a lot of renovation, since it will be in a rundown condition.
Before looking at properties, you need to save for a deposit.
Generally, you need to try to save at least 5% to 20% of the cost of the home you would like.SEE ALSO: Renovation ready - getting your money sorted before you start Pools only pay off in a warm climate where buyers are looking for that x-factor and are prepared to pay for it.A 0,000 swimming pool installation will almost never add 0,000 to the value of a house in Dunedin.Low-maintenance yard: The backyard has been paved over or the soil is so rocky that nothing will grow there.If you are expecting to make a garden or have a lawn, the cement will have to be removed, soil and a sprinkler system put in, and grass planted—all of which is a costly and time-consuming undertaking.The nation’s housing finance system is a fixer-upper — not a complete gut job.