What impact does the presence of exterior asbestos shingles have on the sale price of an older home?
I suspect that the presence of these shingles should significantly lower the price one should be able to expect to sell an older home for, even if the...
I suspect that the presence of these shingles should significantly lower the price one should be able to expect to sell an older home for, even if they are covered by vinyl siding and are in good condition. As an example, on a 2500 sq ft. home offered for sale for 0K, would discovery of the presence of asbestos shingles underneath vinyl siding warrant giving, say, a K reduction in the purchase price?
It really depends on who the buyer is.I am a qualified asbestos removal specialist.If the shingles are left alone,They will NEVER have to be replaced,Because there is no better insulating material on Earth.If messed with,that is when it is dangerous.A smart buyer will know this.
No, not necessarily. But that depends on your local laws regarding asbestos. Here in my city in California asbestos found in homes is simply covered because asbestos is toxic when it meets the oxygen we breathe. If your state is similar then re-roofing the house would be in your best interest. Just roof right over the existing shingles. Get a safety statement from the roofer and give it to your Realtor. Make sure you disclose what you’ve done to the buyers. If you don’t want to re-roof it yourself then get a couple of estimates and be ready to negotiate the selling price of your home to reflect cooperation in the re-roofing costs.
a 60 year old house for 200k?….where the heck do u live?….to me vinyl siding would be more of a turn off than asbestos siding.