Everyone likes attending an open house...especially when it is an older home that might be hiding some unique features.  But what if you're doing more than snooping and are contemplating owning an older home, complete with all the creaks and leaks? Might be time to weigh the pros and cons before taking the leap.

"There's a sense of pride that comes with owning an older home. Whether it's because you're physically responsible for some of the renovations or because you feel like you own a piece of history, it is a great feeling," said Katie Parlin, who owns a home in the North End of Tacoma with her husband, Capt. Ralph Parlin.

The largest complaint stems from the sheer amount of updates that might be needed to even make the house livable. Tasks like switching plaster to drywall, installing insulation where it has either rotted or never was, and updating plumbing and replacing pipes can really add up.

Despite the renovations, however, older homes are often more solid and feel more substantial than newer, modular builds; in other words, in true house-hunter speak, they have good bones and might just need a facelift.

"The character of older homes is unmatched in newer homes," added Parlin. "From the intricate woodwork to built-in cabinetry, it can't be replicated."

Greg Dubell, who owns an 1890 Victorian, agreed and cannot imagine living in a different house, though he can list the good and bad.

"The high ceilings are fantastic but the expansive hardwood floors need area rugs, floor-to-ceiling windows allow wonderful views and the overall square footage of the house are awesome, but it is a lot of house to heat with just a fireplace!" he said.

Another issue, according to Parlin, is that many older homes have a closed floor plan, especially when compared to newer, more open homes - which may make entertaining a challenge.

"Despite all of the headaches, you just can't beat living in and owning an historic property. They were built in a day and age when craftsmen added vernacular folksy details that give our communities personality," said Dubell. "Walk through a well-preserved historic district {Proctor District, North End, University Place} where you have a high concentration of historic properties and you'll know what I mean."

For more information, tips and guidance on owning older homes, visit www.oldhouses.com/resources.htm.