I am looking to buy a home and have found what would be the perfect one if it weren't for one thing - asbestos. In the disclosure it states that the pipes are enclosed in asbestos? It also says that the asbestos is cotained. If I choose to buy the house (which is in Connecticut), should I have the asbestos removed? It would eventually have to be done anyway, right? And how much would that cost? Would I be able to ask for a price reduction on the house? Also, it is a very old house. Would the removal be destructive to the home? Please advise.
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You might try the Hazardous Materials Forum as well.
My experience with asbestos (I am not a pro or anything). Lenders and insurers can be a bit sticky on it--but these days MOLD is probably a bigger hot-button issue. There are an awful lot of houses that still have asbestos.
If the asbestos is "loose" (or could be inhaled), it can be a danger. Asbestos can be expensive to remove. As everything in real estate transactions is negotiable, why NOT ask for the owner to kick in for its removal?--esp. in a buyers market.
Just my bottom-line opinion: If the house is in a great neighborhood--of more expensive homes in good condition, this is "LOCATION, LOCATION, LOCATION" -- 3 items that are considerably more important than "ASBESTOS" on the list. There are a lot of houses for sale these days, so you can be picky. But LOCATION trumps other factors.
Good luck!
Regards,
-k2 in CO
Moderator, Miscellaneous Forum
http://www.bobvila.com/BBS/Miscellaneous
My experience with asbestos (I am not a pro or anything). Lenders and insurers can be a bit sticky on it--but these days MOLD is probably a bigger hot-button issue. There are an awful lot of houses that still have asbestos.
If the asbestos is "loose" (or could be inhaled), it can be a danger. Asbestos can be expensive to remove. As everything in real estate transactions is negotiable, why NOT ask for the owner to kick in for its removal?--esp. in a buyers market.
Just my bottom-line opinion: If the house is in a great neighborhood--of more expensive homes in good condition, this is "LOCATION, LOCATION, LOCATION" -- 3 items that are considerably more important than "ASBESTOS" on the list. There are a lot of houses for sale these days, so you can be picky. But LOCATION trumps other factors.
Good luck!
Regards,
-k2 in CO
Moderator, Miscellaneous Forum
http://www.bobvila.com/BBS/Miscellaneous
