Lead paint on whole Exterior of house

[Michael Dunn]

I just went over to  a house I have been considering buying over the past few months , and did a Lead Paint test on various spots on the exterior of the house...... and sure enough, it tested positive for Lead paint.

My question/concern is ..... what will be required to get the house appraised and or Inspected and approved for an FHA 203K loan ?

This house was built in the late 40's to early 50's , so I knew going into it , that Lead paint was a possibility

What are the costs associated with getting a Lead paint approval, as well as in having ( just some of the house scraped ) and then having the whole house painted ?

The only part that needs scraped , is the under part of the ceiling and some of the walls on the Porch area . Other than that , there's not much scraping that needs done, anywhere else on the house... it will just need painted .

Just needing to know how much I am looking at cost wise , as I will now have to add this to the repairs for the property.

The sqft. of the house is about 1800 sqft. and it is all 1 story

Thanks so much - Michael

[Derreck Wells]

It might be cheaper to vinyl side the house then to have the house scraped and painted. It's the scraping part that's the issue.