There are plenty of houses out there that have suffered from neglect, but they come at a much lower price than their neighbors. They are in great need of fixing from the roof to the foundation, and it can become a large investment as problems crop up during a remodel. Repairing an old house can be more costly than buying a new one, but the cost can be spread out over time as the new owners remodel slowly.
One of the largest expenses of repairing an older home is the roof, but it is a necessity if the building is to be saved. Roofing is hard work, but it does not necessarily require a host of professionals at huge expense to get it done. There are a few basics to doing good roof repair, so hiring a contractor to help outline the work needed is often a good idea. For those ready to do their own work, it can be done in a weekend on most houses if friends and family are available to help.
Foundations are generally an issue that should be left in the hands of a competent contractor, but small repairs can be done by the owner. Building up from there, the owner can shore up sagging floors by replacing joists, and an engineer can be consulted if beams are necessary. Taking down supporting walls will require a beam, but doing the work can be done if the process is fully understood.
Repairing an old house often requires electrical and plumbing work to be redone to bring it up to code, and local authorities will do inspections before the work is certified. For those able to do their own repairs in these areas, it can be a cost saving measure. Homeowners without the necessary skills should consider hiring a certified professional to ensure a livable future home.