Purchasing a “money pit” and intent on doing extensive remodeling: subsequent issues?
Massachusetts has very little in the way of protections against parties who buy “fixer-uppers”. We have a law that requires that there be smoke detectors installed and that a smoke detector be obtained. We also have a law that requires that there be a working septic system under our Title V law. If you buy a property “as is” without any warranties or representations whatsoever then you better be prepared for the onslaught of problems that can exist with any type of “fixer upper”. Be prepared to deal with local building, health, zoning, and various other municipal departments that will undoubtedly take a great interest in your purchase. It is generally recommended that clients have their attorney review the “building jacket” in the city or town to determine if there are any outstanding health and/or building code posted violations.
