All Topics / General Property / Buying a property: 10 yr old vs. 30 yr old…

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  • Profile photo of aitsmoiaitsmoi
    Participant
    @aitsmoi
    Join Date: 2009
    Post Count: 5

    I am a new home buyer looking for a unit.

    Just wondering is it better to buy a unit that is about 10 years old or that is 30-40 years old? I've noticed the walls on newer properties develop cracks while those on the older properties seem stronger.

    Are 30-40 year old units considered too old?

    Profile photo of TrevTrev
    Member
    @trev
    Join Date: 2006
    Post Count: 39

    There's no reason to believe that more recent residential buildings are more prone to cracking; the contrary would be more likely.  More recent buildings would be designed with a better appreciation of footing design and foundation (i.e. the material under the building) conditions.  And pre-July 1985 buildings can't be depreciated (only applies to plant and equipment such as carpets, blinds, oven etc)

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