Buying a house

My wife and I are researching buying a home. We found old house (28years) which is in a great quiet neighborhood. We have contacted a contractor to make adjustments and solve certain problems. For example the exterior needs to be repainted. There are no cracks or spalling. For those long term residents who bought homes. How have old homes aged in this harsh climate? Do you think buying an old home is foolish? I appreciate any honest feedback.