Passed Title V, Title V In Hand
The Importance of Title VYou wouldn't buy a house without knowing if the roof is in good shape or not, and a septic system works the same way. Unlike a roof though, you can't "see" it, and I think it's this unknown quality of septic that gives buyers pause. It's an important - and expensive - system for you house, so you should carefully evaluate it. Evaluating a septic system is not necessarily straightforward either - "old" is not necessarily "bad" and "new" is not necessarily "good", although I have found that some people are quick to race to those determinations.
Other Title V ReadingAge is important though, but there are several other questions to ask. Is there a back up leach field? Did the primary field fail and when? Are there pump records available?
Failed Title V
It has become customary for sellers to be responsible for Title V for a simple reason; most banks won't lend on a property with a failed system. So when we see "seller responsibility" what it really means is "hard to borrow money against". As you can imagine, that significantly reduces the number of people who can purchase the property, so I often find that properties without a Title V can sell for 30-50K below the value they would if they had a functioning system. Most people who purchase have done a septic replacement before, and understand the in and outs, and that's a good thing - the process, while not overly complicated, is confusing to newbies, and is time consuming, expensive, and often involves a great deal of red tape. If you are looking for a good way to build equity, a septic replacement can be that way, just recognize that it will require solid financial backing on your part.
If you're thinking of purchasing a home with a failed Title V, make sure to read this post.
Looking for information on how to keep your septic system ship shape? I have more information in this article on Keeping Your Septic Running Smoothly.
Finding Professionals to Get a Title V, or to Service your Septic SystemIf you're looking for a professional to help you get your Title V report in Metrowest, we can put you in touch with reliable companies with sterling reputations in your area. Please contact me for details at firstname.lastname@example.org! Two recommendations here though.
Lakeside Sewerage (Marlborough)
We often have coupons for Title V inspections - we run out fast, but shoot us an e-mail if you'd like to save a little $$.