fell in love with an old house built in 1906. (havent bought it yet though) the basement has an old unused asbestos wrapped furnace my husband calls the monster. how do we remove this? Should we? it's cast iron. i think we would be building a bulkhead into the basement..so space wont be a problem..but not sure of cost ect involved in this one. oh ya(more bad news)has old oil tank in there as well.that would need to be removed to make room for a new one (has oil tank outside that has been in use since 1988). other than those things..its a dream house. Is this a major head ache we are getting ourselves into if we purchase this house?
The furnace itself is no problem. In fact, you can probably take it to the scrapyard and make a few dollars. Your problem is the EPA. The asbestos and oil tank, legally, must be disposed in the proper manner. This requires certified personnel and a few thousand dollars. How much is dependent on where you live and the vacinity of the nearest certified landfill. Before you say yea or nay, call and receive a few verbal bids or guesstimates. Explain the situation and they should help. Best of Luck!!!