Asbestos Siding Home Value

In a nice suburb 200 000 buys a pretty nice home.

Asbestos siding home value.

Once you know about asbestos you can t go back. The cost to encapsulate asbestos siding is 2 to 6 per square foot. However you re not legally obligated to do anything about asbestos in your home. It all depends on the particular home involved the local housing market and a ton of other variables.

This article series includes a photo guide and text that can help in identification of asbestos containing wall siding products like asphalt shingles asbestos cement siding shingles. The average price to repair asbestos siding is around 4 761 with typical costs between 665 and 8 856. Installing vinyl siding will require disturbing the asbestos by nailing into it. I can get decent houses in the 50 000 80 000 range and bring up to 100 000 120 000.

A home that has enclosed the old asbestos cement siding with new siding is perfectly acceptable to home inspectors and real estate assessors and it rarely has any negative effect on home values. It is not dangerous and while it may not be the most trendy siding product out there it is super durable and does it s job of protecting your home s structure quite well. For 1 500 square feet it can cost between 3 000 to 9 000. The general take on asbestos siding is that it s dangerous and expensive to remove so that often translates into a perceived lower value for a home that has asbestos cement siding in the eyes of many home buyers and sellers.

Unless the asbestos in your home is damaged it doesn t pose any threat to inhabitants. This is a more affordable alternative to full replacement. They got me the part to fix it within a couple weeks but definately not worth the extra money for me. You can have a nice home in the city for 130 000 150 000.

A professional will carefully paint your siding with a latex masonry primer and high quality latex paint. In general though homes with asbestos siding are viewed by most buyers and sellers as having a problem much like a home with foundation issues. This article explains the impact on home sales due to cement asbestos shingle siding time on market and resale value might be impacted by asbestos in buildings. If in good condition flooring siding or roofing materials with asbestos can last several lifetimes.

Many projects come as low as 300 while some may reach 22 500. Will the covid 19 crisis push home values lower. Insulation common in homes built in the 1930s to 1950s. Both the epa and the vinyl siding institute recommend not disturbing asbestos if at all possible.

Roofing shingles and siding. Unless asbestos siding is disturbed it doesn t pose a significant health hazard and does not need to be removed. The average price to remove asbestos siding is around 1 000 with typical costs between 800 and 1 200.