Asbestos Siding House Value

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

Asbestos siding house value.

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. Both the epa and the vinyl siding institute recommend not disturbing asbestos if at all possible. The average price to repair asbestos siding is around 4 761 with typical costs between 665 and 8 856. It all depends on the particular home involved the local housing market and a ton of other variables.

It doesn 39 t have to be a deal breaker. Containing asbestos might mean encapsulating the asbestos tiles in the basement instead of removing them altogether. Unless asbestos siding is disturbed it doesn t pose a significant health hazard and does not need to be removed. Containing the asbestos typically costs 15 25 less than removal because you won t have to pay for disposal costs.

The siding seems to be in good shape but we would of course have this verified by an inspector. We were fully prepared to buy the house before we learned about the siding. 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.

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. 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. I don t know if this should be a dealbreaker or not.

For instance removing asbestos from attic insulation can cost as must at 15 000 while tile removal maxes out at 15 per square foot. Asbestos is a highly dangerous material. 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. We could also have the siding removed which would cost about 5 000 plus the cost of re siding the house.

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. 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. 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. Many projects come as low as 300 while some may reach 22 500.

Asbestos siding was made by adding asbestos a naturally occurring mineral to portland cement.