Is it a good idea to buy a 10 year old house?
Buying very old property: If you are looking for an apartment, go for societies that are less than 10 years old. This means you will spend less on renovation and they will come with a fair discount to the market price for new apartments in the same area.
Is 50 too old to buy a house?
If youre in your 50s, its not too late to buy a new home, but its key to ask the right questions and make the wisest decisions possible. Above all, make sure you wont be stuck making mortgage payments years after retirement.
How long do old houses last?
Without special care and maintenance, the maximum lifespan of a house is about 200 years. Yes, there are historical buildings that are far older, but those have received special maintenance and preventive care that few other buildings receive.