Asbestos Siding Home Value

Insulation common in homes built in the 1930s to 1950s.

Asbestos siding home value. Both the epa and the vinyl siding institute recommend not disturbing asbestos if at all possible. Once you know about asbestos you can t go back. 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 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. Many projects come as low as 300 while some may reach 22 500. 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. However you re not legally obligated to do anything about asbestos in your home.

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. Roofing shingles and siding. 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. If in good condition flooring siding or roofing materials with asbestos can last several lifetimes.

Installing vinyl siding will require disturbing the asbestos by nailing into it. Will the covid 19 crisis push home values lower. In a nice suburb 200 000 buys a pretty nice home. The average price to repair asbestos siding is around 4 761 with typical costs between 665 and 8 856.

The average price to remove asbestos siding is around 1 000 with typical costs between 800 and 1 200. The cost to encapsulate asbestos siding is 2 to 6 per square foot. For 1 500 square feet it can cost between 3 000 to 9 000. I can get decent houses in the 50 000 80 000 range and bring up to 100 000 120 000.

You can have a nice home in the city for 130 000 150 000. Buying or selling a home about money pit team. A professional will carefully paint your siding with a latex masonry primer and high quality latex paint. 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.

Unless asbestos siding is disturbed it doesn t pose a significant health hazard and does not need to be removed. They got me the part to fix it within a couple weeks but definately not worth the extra money for me. It all depends on the particular home involved the local housing market and a ton of other variables.