Septic System and Well in NJ Property

[Melody Kushi]

Good morning BP Mates!

My business partner and I looked at a potential property in South Jersey over the weekend. The home has great bones, beautiful original floors but needs major repairs. Potential repair costs will be $40k plus this Septic System. It is in a great city, low crime and great school system which houses do not sell less than $400k.

The downside is that it has a septic system. I know nothing about this and was wondering if anyone can give me some feedback on this system...is it possible to update to city water? How much are inspections for this kind of system?

Realtor already stated that the system might need to be replaced as the home has been vacant for more than a year.

If my exit strategy is to wholesale this property, how much should I anticipate for repair cost for my potential buyer?

FYI: home is listed at a very good price as seller is an older lady and can no longer take care of this property from where she currently lives. Listed less than $100k.

Any feedback is appreciated.

[Stephen Kappre]

Hi @Melody Kushi I usually suggest a cost of $600-800 to have load test, pump out etc since the home has been vacant. This is likely the buyer responsibility assuming it is  an as-is sale. Like @Charlie Hampton mentioned number of bedrooms matter, if there is a grinder pump, how old the system is, is it actually a cess pool, etc. As a very general number $20k for a whole system is often discussed to put it into perspective, and often the number comes in lower, however there are also times when the the soil, location, bedroom size, and other variables can push the number up significantly. I am in no way a septic expert but this has been my experience working with a handful of septic professionals and engineers.