Century-old homes near downtown and the insurance problem
The homes around downtown Waukesha and Carroll are old enough to carry the full set of period issues: knob-and-tube wiring, stone or rubble foundations that weep, plaster over lath, and roofs with complicated slopes that cost real money to replace.
Knob-and-tube is the one that quietly kills sales. The buyer’s insurer refuses to write a policy over active wiring, the lender will not close without insurance, and the financing collapses three weeks in — usually after the seller has already committed to their next move.
We are not borrowing and nobody is insuring the property before we own it, so that chain never starts. We price the rewire and the foundation into one number and close.
