Asbestos Siding House Value

Discovered a home you 39 re buying or selling has asbestos.

Asbestos siding house value. Encapsulation a favorable type of repair averages about 2 to 6 per sq. Here 39 s what you need to know about asbestos in real estate. Asbestos is a highly dangerous material. We were fully prepared to buy the house before we learned about the siding.

Many projects come as low as 300 while some may reach 22 500. I don t know if this should be a dealbreaker or not. Asbestos siding was made by adding asbestos a naturally occurring mineral to portland cement. Installing vinyl siding will require disturbing the asbestos by nailing into it.

Unless asbestos siding is disturbed it doesn t pose a significant health hazard and does not need to be removed. The cost of removing asbestos entirely has a wide range of costs depending on where the asbestos is located. 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. Both the epa and the vinyl siding institute recommend not disturbing asbestos if at all possible.

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. Containing asbestos might mean encapsulating the asbestos tiles in the basement instead of removing them altogether. It all depends on the particular home involved the local housing market and a ton of other variables. 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.

The average price to repair asbestos siding is around 4 761 with typical costs between 665 and 8 856. For instance removing asbestos from attic insulation can cost as must at 15 000 while tile removal maxes out at 15 per square foot. 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. 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.

Cutting asbestos siding is the only danger which is minimized with use of specialized tools that shear rather than cut the 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. It doesn 39 t have to be a deal breaker. The siding seems to be in good shape but we would of course have this verified by an inspector.

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.