Turns out a lot of homes in South Florida are still on septic systems. In low lying areas, recent flooding has caused some stinky problems. Eventually these homes will be connected to sewers, but that's going to cost the homeowner. Curious how much other agents decrease a CMA home value for a home on septic versus sewer.
Turns out a lot of homes in South Florida are still on septic systems. In low lying areas, recent flooding has caused some stinky problems. Eventually these homes will be connected to sewers, but that's going to cost the homeowner. Curious how much other agents decrease a CMA home value for a home on septic versus sewer.
Try to discount whatever the seller will agree to.
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
6mo
I do not see a need to lower its value, when on septic you do not need to pay sewer fees or other fees which is a positive thing. Yes it needs maintenance and will be required to be replaced every 20 years or more. We just put a bunch in Florida and they were around $10k a piece. So not crazy.
Turns out a lot of homes in South Florida are still on septic systems. In low lying areas, recent flooding has caused some stinky problems. Eventually these homes will be connected to sewers, but that's going to cost the homeowner. Curious how much other agents decrease a CMA home value for a home on septic versus sewer.
Try to discount whatever the seller will agree to.
Honolulu, HI · Member since 2008 · 3k+ posts · 2k+ votes
6mo
Odds are, at some point, local government may require sewer connections, or upgrades to outdated septic or cesspool systems. This is a major expense, currently in the $20K and up range here. So, it makes sense, depending on the age of existing, to at least consider it in your calcs. Check with local plumbing inspectors to see if there are any discussions on the topic within the local government.
Turns out a lot of homes in South Florida are still on septic systems. In low lying areas, recent flooding has caused some stinky problems. Eventually these homes will be connected to sewers, but that's going to cost the homeowner. Curious how much other agents decrease a CMA home value for a home on septic versus sewer.
We own properties north of you on the space coast. Rumor has it we have to connect to the city in 2030 or put in a new system when the current one fails. Currently, in the town we own the properties in there is no discount on properties that have septic vs hooked to the city. It will be interesting to see if this changes in the next 4-6 years..