Asbestos Siding Home Value

Unless asbestos siding is disturbed it doesn t pose a significant health hazard and does not need to be removed.

Asbestos siding home 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. 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. For 1 500 square feet it can cost between 3 000 to 9 000. 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.

Installing vinyl siding will require disturbing the asbestos by nailing into it. Many projects come as low as 300 while some may reach 22 500. The average price to repair asbestos siding is around 4 761 with typical costs between 665 and 8 856. 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.

A professional will carefully paint your siding with a latex masonry primer and high quality latex paint. Will the covid 19 crisis push home values lower. 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. I can get decent houses in the 50 000 80 000 range and bring up to 100 000 120 000.

Finally i don t believe having cement asbestos siding would negatively impact your home s value. It all depends on the particular home involved the local housing market and a ton of other variables. What to do if asbestos is discovered in a home or. However you re not legally obligated to do anything about asbestos in your home.

If in good condition flooring siding or roofing materials with asbestos can last several lifetimes. Insulation common in homes built in the 1930s to 1950s. 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. Once you know about asbestos you can t go back.

In a nice suburb 200 000 buys a pretty nice home. You can have a nice home in the city for 130 000 150 000. Buying or selling a home about money pit team. Unless the asbestos in your home is damaged it doesn t pose any threat to inhabitants.

Both the epa and the vinyl siding institute recommend not disturbing asbestos if at all possible. Roofing shingles and siding. They got me the part to fix it within a couple weeks but definately not worth the extra money for me.