In reply to Tyler:
I lived in a house in rural Eire with private bore hole and own septic tank. Every rural Irish home had similar set ups.
Reliability?
Bore hole/deep well = Ours never ran dry. I never heard of anyone else's dry up either.
Spring/shallow well = However, if you get water from a spring it may dry up but you'd need to ask the previous owner. Even then my experience was that such owners would always have a bigger header tank to cope for a while. (People generally don't attempt to connect themselves to a well that dries up - for obvious reasons)
Germs and nasties =
Make sure the hole has a cover on it. Ours hadn't been used for several years when we moved in. The water was a little discoloured at first (sediment accumulation), but it cleared. When I asked the local water man if he'd test it he simply asked me if I'd been sick or had anyone else been sick after drinking the water. No, I told him, to which he replied that there was no need to test it then was there?
However wells can be disinfected quite easily, although its a bit of a fag.
http://davidwperry.blogspot.co.uk/search/label/Rats%20in%20the%20Well I've done it!!
Treatment =
We lived in an area with high (ish) copper. Some folk had expensive filters to remove the copper, others had no filters. The only filter we had was a simple cotton one in a tube, which removed any solid grit/dust etc., (£10) It needed cleaning out once in a while.
We had power showers, and all the modern stuff a normal 4 bedroomed house had.
Problems =
If we accidentally left a tap on for more than a couple of hours at a time we'd end up using the water from the bottom of the deep well - and that got cloudy. Left overnight it would clear up as the sediment settled. - but we never ran dry!!
What could go wrong?? You have a pump down the well. Ours was there for over ten years. They are pretty reliable. You also have a pressurised header tank (every header tank I saw in ireland was red and came from Italy). Ours once got a tiny bit of grit stuck on a/in a solenoid switch and the pump stopped. However I was soon shown how to free it.
Having your own water supply is = cheap (it comes free from the sky). Should be clean and potable. I'd not even worry about buying a house again with its own well/water supply.
Septic Tanks.. Ours was at the bottom of our garden. A simple one large homemade concrete tank just below the ground and an out pipe at one end to the soil.
Sewerage.
No real difference in my view.
If the sewerage system hasn't been used for a year or two, it may well smell for the first few weeks until the bacteria gets going. We were also careful about chucking too much bleach and other nasty chemicals down the loo, etc.,.
In the 10 years we lived in the house it never needed emptying.