My husband and I are in the process of purchasing a home built in 1916. I have been trying to research and decide what is the best option for us to take, but I'm finding a pretty even list of pros and cons on both sides. Should we keep the original plaster and lathe walls, which need repair in many places, or bring them down to the studs and rebuild with new insulation and drywall? I would -prefer- to have modern walls installed, but I am unsure if it is necessary. I hate how the plaster cracks and how cold it feels. I'm use to modern drywall, I guess. What are your opinions and thoughts? Experiences? We will be doing all the work ourselves with the help of my father-in-law, who has experience in construction and remodelling. Eventually down the road we want this house to be completely brought up to modern codes and comfort, but with the original old style and charm.