I wasn't ready to purchase a home, but after trying unsuccessfully to transfer with my day job out of this state, I am now forced to invest in NJ, of all places. This past month I have been looking at many homes in my immediate area (Central NJ). I want to keep commuting to a minimal so I'm looking at rather expensive real estate in my affordability range of $350-400k. Most of the homes I have found at that price are small (which is perfect for me) and built around 1959-1970. That is the part that concerns me a bit. Though houses were built better back then than they are today, I am wondering what a house now 40+ years old will be worth to a buyer in another 20 years when I look to retire. What do you think of investing in these older homes? Any other advice you can give to a first-time looker/buyer?