If you have an older electrical system with fraying wires and other signs of damage, removal may be the best course of action. When asbestos begins to break down, it's more likely to become airborne, increasing the risk of health issues when it's inhaled.
However, if the system is in good condition and doesn't have visible signs of wear or damage, leaving it alone may be the safest course of action. An asbestos abatement and removal professional can help you determine the best way to proceed.
Asbestos was commonly used in cloth wiring, but not all types of cloth wiring contain it. The age, condition, and appearance of the wiring can provide clues as to whether asbestos is present or not, but the only way to know for sure if the wiring has asbestos is to have it tested.
Since DIY asbestos removal isn’t the best option to save money, there are other steps that you can take to help cut costs when dealing with this project. After speaking with your asbestos removal expert, discuss if encapsulation is an option. If it is, you can save between 15% to 25% on overall project costs over demolition and disposal. In addition, when speaking with your professional, discuss if there are any tax credits available for your removal project. Finally, check with your homeowner’s insurance to see if any removal costs might be covered. However, be aware that this is usually only applicable if the asbestos is due to a covered incident, like a tree falling into your roof.
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.
Asbestos can be found in many building materials, especially if the materials were installed more than 20 years ago.
Asbestos-containing materials (ACM) can include:
Acoustic ceiling tiles
Furnace insulation
Home appliances
Fire-retardant clothing
Cement pipe
Pipe insulation
Wall and ceiling insulation
Vehicle brake pads
Vinyl flooring
Sprayed acoustic ceilings
Stove insulation
Patching compounds
Textured paints
Roofing shingles
Siding
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