//sorry if this is the same thread posted elsewhere as I urgently seeking pieces of advice from lyn

Hi lyn, really need you guys advice
depressing

just booked a 20 years old condo
after first and second viewing very satisfied as first glance, the unit is in move-in condition although identified some part of the unit that needs to tackle, <5k can settle, everything else is good as the unit is well maintained
so decided to place a deposit of 4k

But after sharing that news with my friend, he poured cold water on me saying that at 20 years old, saying that usually need to consider about redo the wiring and piping. many wear and tear. ask me to reconsider and treat that deposit lost as a lesson
I remember when viewing the unit, the owner has no issue running 3 aircon simultaneously, just that many switches have worn out badly, leaky taps and some bad reno taste.
Replacing those things should not dent my wallet but I know re-do those wiring would cause a lot as that considered as major and that easily add up a few 10k
might as well go for empty developer unit and furnish it slowly with a peace of mind
I am safety first kind of guy, I do not want both my family and I ended up to become some ashes due to those old wiring

Basically, no money left to reno after paying those subsale upfront payments. that is why me and my wife are looking for move in condition
any advice? forfeit the deposit and treat it as a lesson? or i am worrying too much? really lost now