Hi All,
The short of it is I'm wondering if anyone has any experience buying in an area that could be affected by laundromat chemicals like perchloroethylene and trichloroethylene. Did you regret it? Did you take steps to remediate? Does it affect how you use the property?
The long of it is that I'm looking to buy my first home in my city that is generally pretty unaffordable (SFHs selling for ~$300k at minimum and stay on the market for only a few days). I could buy outside of the city, but this area becomes suburbs very fast. And, if I buy in the city, there is a mortgage program that would allow me to put only 5% down without extra insurance, keeping more money in investments with better returns. This small SFH in an up and coming neighborhood is on the market in my price range, right next to a school, not yet listed, and looks to otherwise be a good buy. It has an awkward layout but otherwise looks to be in good condition. However, there is an old laundromat a few blocks away and recent tests have revealed some perchloroethylene and trichloroethylene in the soil gas. They tested the school and found relatively low levels on contamination, but I'm worried that a dog or a kid digging in the back yard might release some nasty chemicals.
Do any mustachians have advice?
Thanks!