Why Your Purchase Price and Rehab Costs are Going Up
Be sure to factor in the new EPA rule on your next house rehab or purchase. Beginning in April 2010, federal law will require that any contractor that performs renovations, repairs and painting projects that disturb lead-based paint in homes, child care facilities, and schools built before 1978 must be certified and follow specific work practices to prevent lead contamination. This law will apply to single-family homes, as well as multi-family cooperatives and condominiums. “Do it Yourself” landlords may also be required to hire certified lead paint contractors.
These rule apply if:
- your project disturbs 6 square feet or more of paint per room inside,
- or 20 square feet or more on the exterior of a home or building.
- Electrical or plumbing work can also be included.
There are waivers homeowners can sign but not every projet. A homeowner may also opt out by signing a waiver if there
are no children under age six frequently visiting the property, no one in the home is pregnant, or the property is not a child-occupied facility.
Another exemption is if the house or components test lead free by a Certified Risk Assessor, Lead Inspector, or
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