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Yes. Gutting a house to the studs may actually be a good option if you believe a home contains toxic materials like asbestos, mold, or lead paint. However, this must be done under the supervision of licensed remediation experts.

Although the use of asbestos has declined since the 1980s, it remains in several different types of building construction materials for insulation and as a fire retardant. Typically, asbestos can be found in materials such as ceiling and floor tiles, heat-resistant fabrics and coatings, and roof shingles. You may also find asbestos in textured paint and patching compounds.

While there are some sealants designed to be spray-painted over asbestos to encapsulate it, you still want to make sure it’s a specifically designed product for this purpose—not just run-of-the-mill spray paint. Furthermore, be sure you aren’t inadvertently spraying the asbestos fibers around when you take on this project, and as always, be sure to wear the proper protective gear, including a P-100-rated respirator and a disposable body suit, so as not to inadvertently breathe in or spread asbestos fibers.

Whether or not to buy a home containing asbestos is ultimately a decision for the homebuyer, and there are several things to consider. When in good condition and contained, asbestos is unlikely to present a health risk—it’s when those tiny fibers are loose and airborne that they become a problem. Consider any renovations you plan on doing to the home that could disturb existing asbestos and the cost of removal. If an inspection finds asbestos in a home on the market, you could negotiate with the seller for a lower price, though this isn’t a sure thing.