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Using Well Water |
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Dear Edith Lank: Our home was built in the Civil War era and is on well water. The previous owner had to treat the well three times before we were able to close the deal. We use well water to cook with but drink only purchased water, about 15-20 gallons a week. It tests ok but we are still reluctant to drink it. Now we're thinking about selling in the next few years and a plumber told me most banks won't grant a mortgage unless we're connected to town water, a cost of about $5,000. My husband says it would only cost about $500 to replace the water pump (it's on its last legs) and he'd rather not spend money we don't have to. But if mortgage lenders will force us to connect anyhow, I'd rather make the payout and enjoy town water while we're still living here. Is the plumber giving me a line? or is he right? |
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Lenders on a conventional mortgage require only that well water test potable, safe for drinking. If buyers wanted an FHA or VA mortgage, however, water lines must be hooked up where available. (The same requirements apply to septic systems and sewer lines, by the way.) Eliminating a whole class of buyers could make your house somewhat harder to sell. Your husband may want to talk with nearby real estate brokers, to get their advice. |
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Edith
Originally published on October 30, 2005 |
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