Buying a lead painted house
Hey all,
I am looking to purchase a triplex that looks promising, but there's a catch.
The seller disclosed that there are a lot of lead painted parts.
From reading online, the national average of lead removal is $10K.
I thought of chasing the deal, but renegotiating the price down to reflect this amount of work (there's also a need to re-roof).
What are your thoughts on that? Do you have past experience with lead?
Thanks for any help!
Most Popular Reply
J I am a lead paint certified contractor/ property owner. It all depends on the condition of the lead painted surfaces. Lead paint can be encapsulated (painted) . Peeling chipping paint is the issue and if your renovating the place it’s going to need to be painted anyway. Proper steps need to be followed so you don’t contaminate the house with lead dust and chips. The roof is more of a concern, you can ask for anything in a contract whether the seller will go for it is another thing.. Also the state and city where you are located with the lead paint may be of concern also. I am in NY.