Lead paint hazards inspection

[Vianca Lauret-Karnati]

Hello,

My husband and i are buying an investment property in Kingston NY. Today is the lead paint inspection and the inspector called us to tell us that because the owner of the house had done renovation himself there is active disturbance of lead paint and asbestos and most likely both Hazardous. Any advice on what we should do? should we not close the deal? I hear Lead remediation is a lot of work and money. Is this type of situations common in Kingston NY?? 

Any advice or input would be greatly appreciated.

Thanks