Asbestos Siding House Value

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.

Asbestos siding house value.

Many projects come as low as 300 while some may reach 22 500. We were fully prepared to buy the house before we learned about the siding. Containing asbestos might mean encapsulating the asbestos tiles in the basement instead of removing them altogether. Asbestos siding was made by adding asbestos a naturally occurring mineral to portland cement.

It doesn 39 t have to be a deal breaker. Unless asbestos siding is disturbed it doesn t pose a significant health hazard and does not need to be removed. Encapsulation a favorable type of repair averages about 2 to 6 per sq. We could also have the siding removed which would cost about 5 000 plus the cost of re siding the house.

The average price to repair asbestos siding is around 4 761 with typical costs between 665 and 8 856. Discovered a home you 39 re buying or selling has asbestos. Knowing the facts about buying and selling a home with asbestos will allow you to make an educated decision on whether the decision is right for you. For instance removing asbestos from attic insulation can cost as must at 15 000 while tile removal maxes out at 15 per square foot.

It all depends on the particular home involved the local housing market and a ton of other variables. 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. Also i recommend against installing new siding over top of the existing asbestos material as the process will damage the latter and cause asbestos fibers to be released. Both the epa and the vinyl siding institute recommend not disturbing asbestos if at all possible.

The cost of removing asbestos entirely has a wide range of costs depending on where the asbestos is located. Installing vinyl siding will require disturbing the asbestos by nailing into it. I don t know if this should be a dealbreaker or not. 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.

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. Asbestos siding was very commonly used in buildings and homes from around the 1920s until the 1980s and can still be found in many older homes in the u s. Cutting asbestos siding is the only danger which is minimized with use of specialized tools that shear rather than cut the shingles. Having asbestos in a house isn t dangerous or illegal but if it is damaged or begins to crumble it can post a health risk to those living in the home as well as anyone that visits.

Here 39 s what you need to know about asbestos in real estate.