Ah, the age old question. Ultimately, the decision of whether or not to restore an old house depends entirely on your individual situation. If you have the time, money, and inclination to take on a project like this, the reward can be great. The potential financial benefits of restoring an old house are hard to ignore. Homes of this type are often much more affordable than new or recently updated homes, and there can be quite a bit of money to be made when it comes time to sell.