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How to size a well pressure tank is determined by three factors: flow rate, or how many gallons per minute your well pump produces; minimum runtime; and pressure switch setting. Most pressure tanks have a pressure switch operating at 20/40, 30/50, and 40/60—the first number is the pressure needed for the pump to turn on, and the second number is the pressure needed for the pump to switch off. Most homeowners relying on well water require a water pressure tank ranging from 20 to 80 gallons. 

Saving money on property taxes and having direct control over your waste system are both pros when buying a house with a septic tank. However, it’s easier on the house and the yard if a home can be hooked up to a municipal system, which is why septic tanks are best for homes where that isn’t an option. Expensive repairs, potential odor issues, and regular maintenance are all cons of septic systems. 

Most septic tanks can handle two to three loads of laundry per day, or a weekly total of between seven and 10 loads. Although septic systems do require homeowners to be somewhat careful with their plumbing systems—for instance, it’s not a good idea to flush a bunch of toilet paper all at once—they can still handle fairly heavy use.

Age is certainly a factor in well pump failure. The older your pump, the more likely it is to fail. 

Beyond age, other factors can cause your well pump to fail, too. Things like poor water quality can cause sediment buildup in your pump. Without proper cleaning, your pump can seize up and fail. Having a dry well for too long can also cause your pump to fail, as it keeps working even though there's no water for it to pull.