Lead sewer pipe is not a problem because the pipe does not come in contact with drinking water. Lead paint is often found in houses built before 1978. Old paint that is intact may not be a hazard. However, paint that is flaking or deteriorating is a source of lead dust in the home. Remodeling projects that involve paint removal can also be a source of lead dust in the house.
Lead poisoning is a serious health problem for young children.
If you are planning on restoring an older home, consider how you are going to protect yourself from lead poisoning, and how to dispose of the lead dust and paint after you remove it. When your inspection is complete, look through your notes or through the inspector's report and develop a summary sheet, dividing the items noted into major and minor problems. Major repair items might include replacement of windows, a new roof, a new furnace or air conditioner, a new electrical service, a very leaky, wet basement or crawl space, structural problem, high radon levels. Determine how much it would cost to make the major repairs. Depending on your hands-on skill, your time and your resources, it may be reasonable to purchase the house, even though it needs considerable work.