11/30/2025
Should I run from buying this house?
My wife and I are currently under contract on what I initially thought was our dream home in the Denver area. The home was built in 1910 and is beautiful, but is incredibly dated. Still using the original boiler and radiators for heat, no AC, very old electrical, lath and plaster walls, etc. It is a 1.5 story home and we were told the second story has asbestos in the bedrooms as well.
If we were buying the home at a comfortable price I'd feel way better about it but we are fully maxed out on our budget just for the purchase price, and now the more I dig into potential problems we may face I'm worried we will be in way over our heads.
Should I expect a huge heating bill every month in winter? With the .5 second story, I am reading it is difficult to maintain comfortable temps due to lack of insulation. Anything else we should make sure to check with such an old home?
Really just looking for any input as I don't want to make an emotional poor decision that we will regret!