I inherited a large (2500 sq ft) 110 year old Victorian house that I’d like to sell. A real estate agent said before I can sell the house I have to 1) strip all the paint and re-paint with non-lead paint, 2) get the asbestos insulation out and 3) get a circuit breaker installed in place of the fuse box. Also several other things that were not up to current code standards. Is he kidding? To do that would cost as much as I could sell it for on today’s depressed market. I already asked about the painting job. One contractor said he could do it for ,000. When I asked why so much, he said because they have to take extra special precaution in stripping the old paint off, virtually wrapping the house in a giant plastic bag. Then the disposal is very expensive. The asbestos would probably be the same story. How much do I really have to invest in a house that I want to sell? Shouldn’t these renovations be up to the new owner?
It’s in Saratoga County in upstate New York.
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contact your local Building Code Enforcement Office. They can give you all the information you need, do an inspection and issue violation orders.