Who told you that the place would need a new mound septic system? If it was someone with the authority to make you do that, I would negotiate a lower price for the property or move on.
A mound septic system can cost a lot of money. I know a guy who has over $30K in his system, and it still doesn't work like it is supposed to. I have also seen several of the mounds that have failed (and none of them are over about 30 years old), with effluent running off them onto the ground surface. The mound systems need electricity to pump the effluent up into the mound, so if the power goes out, the effluent is not removed from the septic tank, and can back up into the basement. An in-the-ground, gravity operated drainfield system is much better in the long run.
I would ask more about the existing well. Is the water bad in it, as is? Could it be recased at a reasonable price? If the water in the well is bad, will it contaminate the aquifer you would be drilling into if you put in a new well? Again, new wells can end up costing LOTS of money.
What might sound like a decent price for the place might end up being way too much if you have to invest a lot of money to get it usable. HTH Good luck!
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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