Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
MA Title V (5) Septic Costs and Rehabs
Hi Everyone,
For those that flip and rehab in MA, I have a question.
Most of the properties we're looking at to rehab have a septic system. Even ones with newer systems always seem to "fail Title V." :lol:
Anyway, I've been having difficulty finding deals for homes with septic systems because you have to budget in anywhere from 10 to 35k, depending on the house size. Most REOs obviously won't fix the septic to when selling.
We have experience with replacing a septic system - when we bought our first house (HUD home) a while back and our septic was on the lower end of the price scale, but it was a smaller home.
We've been trying to look at houses with city sewer to eliminate this cost, but it does lessen the available properties.
Any thoughts?
Thanks,
Steph