Budgeting for a Septic Tank Drain Field

A septic tank.
Replacing your current septic tank drain field or putting in a new system in for property that you are developing can cost anywhere from $10,000 to $35,000. It all depends on what you need done and where you live. Unless you have a lot of money saved up in your banking account, it is highly unlikely that you will be able to pay for this upfront with one payment. There are a variety of things that you can do to get this type of work covered. No matter what resource you use, you still will probably need to give up a few things you normally do or at least cut down on some of your expenses. Here is a budgeting guide to use when planning a septic tank drain field.

What Can You Live Without?

Make a list of things in your life that you consider luxuries and that you might be able to exclude from your budget for some length of time. Make a list of things that you can cut down on, such as your electric bill, phone bill, and even your water bill. With a good conservation plan, you can save a lot of money on these utilities. The excess funding can go towards the drain field.

Consider Different Types of Payment

Research the different companies that do this kind of work and find out if any of them have any type of financial aid that might help you with paying for the job. See if you can make a combination of payments such as check along with a credit card or cards.

    Check Out Different Resources

    Research what type of resources there might be out there to help you with this project. If this is a new home that you are purchasing, it might be possible for you to ask the bank to add this work to the total cost of the home. This will save you a lot of headaches. If this is not a new home that you are purchasing and it is work that needs to be done due to damage or other issues, you might want to contact your local bank and see if you can qualify for a home improvement loan.

    Should you not be able to qualify for a home improvement loan for one reason or another, it does not mean that you may not qualify for a second mortgage on your home in order to take care of the high costs of this type of project. Grants are issued for a homeowner that is found eligible as well. The following is a guideline for eligibility.

    Grant Eligibility

    The drain field must already exist and must be failing. The cost of repair must be over $2,000. Only owners of the property can apply for the grant, not those who might be renting it. The house can’t be up for sale. The work needed can’t be tied in with a home remodel, and there can’t be any other buildings on the property that might be able to use the same system. The repair that needs to be done must require a County permit. The homeowner’s yearly income needs to be less than $40,000 a year in order to be considered for a grant.