Flip house w/ private well water
I am considering looking into a house that I found to flip, that has a private well for water, it has public sewer. Looking at the pics online, it looks like it needs approx. $60-70k worth of work. I did go and see the house, just looked around the exterior. Most of the homes around Chicago and suburbs have public water from Lake Michigan, except a few areas of suburbs that are unincorporated. How much of an affect would this have on the timeframe once the rehab is complete and listed for sale? Thanks!!!
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If it is common in the neighborhood to have well water with city sewer then it shouldn't make a difference. I live in an area like this and it's typically cheaper to install a new well that will last 30+ years than to hook up to city water. The connection fee alone was $5K when the whole well install cost that much. I don't see how it will make any difference assuming the water tests safe depending on your local health department guidelines.