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.
In the 1980s, the use of asbestos in house siding materials underwent a significant decline, ultimately being phased out by the mid-1980s to early 1990s. This change was largely due to a growing awareness of the severe health risks associated with asbestos exposure, particularly its link to lung diseases and cancers. With increased public concern and regulatory agency involvement, building codes and regulations were updated to restrict the use of asbestos in construction materials.
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.
Older textures may contain asbestos, requiring careful handling and professional inspection before work begins to ensure safety compliance.
It can be safe to live in a house with asbestos as long as the asbestos-containing materials are intact, in good condition, and not disturbed. Asbestos becomes dangerous only when its fibers are released into the air, which happens if the material is damaged, crumbling, or disturbed during renovation work. If you suspect asbestos is present, do not disturb it. Instead of removal, materials in good condition can sometimes be encapsulated. It is recommended to have regular professional inspections to monitor the condition of the asbestos and prevent health risks from potential exposure.
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