I am checking a bank owned property for buy and hold so that I can rent it out. This property was constructed in 1975. It has septic tank and well water. I dont have experience with houses built at this time and septic tanks and well water. Looking for help on what am I supposed to due diligence before offering and what are all the things involved in maintaining a property with septic tank and well water. Appreciate any help in this regards. Thanks in advance !!
I am dealing with a 2:1 house on septic now. The few quotes I have been given aro around $5,000 for a replacement. I would call and get a worse case scenario so you don’t underestimate your expenses
I would recommend checking to see if you can have city water connected. I bought a house from Bank repo with no inspections and the well was shot. I spent over 4k drilling a new well and they didn't hit water. City water mains were ran out front but since there was no tap already I had to pay for that, which was roughly 2k To get all connected. So effectively I flushed 4k down the toilet on trying for a new well and was really 6500 in the hole for assuming the water was all Good .