Actually, wiring is very super important when buying a home. You don't want to buy something where the circuits are overloaded or the wiring is not right and could cause a fire. The wiring should not be exposed but I know some basements do have the wiring exposed and I guess that's okay as long as it's new wiring but these old homes can really be a fire hazard. And the foundation is what concerns me in these old homes. Sometimes "newly renovated" means they're covering up something, in my book. One cannot be too careful because you have to think you'll be stuck with this house once you buy it. Better safe than sorry, in the long run. You might want to look for something a little better because even you said it's too small. And after a while that "too small", may make you feel like you wish you had stayed where you were. I'm not trying to discourage you, I'm trying to protect you. I want you to get a new place but I want you to make sure it's right for you and that's something you'll regret later and get really tired of because let me tell you, I'm real tired of looking at my surroundings for 16 years in this apartment, but I'm wise enough to know that if I bide my time and save a little more, I'll be better off in the long run. I can't wait to leave this apartment even though it is a really nice apartment, but I really want my own place and not under the thumb of a landlord.