Does asbestos affect home value?

What do you do if you have asbestos siding?

Wrap asbestos siding in 6-mil thick plastic sheeting and secure the plastic with duct tape, or place the debris in heavy duty plastic bags. Dispose of the asbestos properly at a landfill, or contact your local waste collection service to find out if they will pick up asbestos material.

How old does a house have to be to worry about asbestos?

Houses built between 1930 and 1950 may have asbestos as insulation. Asbestos may be present in textured paint and in patching compounds used on wall and ceiling joints. Their use was banned in 1977. Artificial ashes and embers sold for use in gas-fired fireplaces may contain asbestos.

Can you get an FHA loan with asbestos siding?

Is a property eligible for an FHA loan if it has asbestos in it? The FHA does not keep a record of all such applicable requirements; the local authority must be consulted to see what is required in that area, or how federal laws may apply. Asbestos, like many other issues, would be examined on a case-by-case basis.

What if my house has asbestos siding?

Just having asbestos siding and roofing on your home does not pose a hazard to your health. Asbestos-containing roofing and siding in good condition are best left alone. Damaged roofing and siding should be carefully repaired. Sometimes asbestos-containing roofing and siding can be covered with new materials.

Does asbestos affect home value?

When it comes to selling a property, asbestos can have a negative effect on the value of the home. Buyers can also hire an inspector or abatement company to look at the property, and would therefore have the power of negotiating a lower price.

How can you tell if old siding has asbestos?

How do I know if my roofing or siding contains asbestos? Look for asbestos markings on the roofing or siding material or the packages in which they came, or call the manufacturer. Another alternative is to hire a Minnesota certified asbestos inspector to sample the material and submit it for laboratory analysis.

Would a house built in 1950 have asbestos?

Houses built between 1930 and 1950 may have asbestos as insulation. Asbestos may be present in textured paint and in patching compounds used on wall and ceiling joints. Their use was banned in 1977. Walls and floors around woodburning stoves may be protected with asbestos paper, millboard, or cement sheets.

What kind of paint do you use on asbestos siding?

Encapsulant paints are the best option for asbestos-cement siding because they can help prevent deterioration and damage to the surface. They can also improve the siding's fire resistance. Encapsulant paint also works well on lead-based siding and surfaces.

Is it dangerous to paint asbestos siding?

Painting asbestos siding is often a much better alternative than trying to remove it. It's not difficult at all to paint asbestos siding, as one of its benefits is that paint easily adheres to it and it is very durable and can last for decades without chipping or cracking.

Do you have to Prime asbestos siding before painting?

Prime First Before you head in with your paint, take the time to prime the siding. This will not only ensure that the paint takes well, but will also give it the proper protection. Priming asbestos siding helps to keep the fibers in, which is what poses such a danger and what worries people the most.