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It is not recommended to drill into asbestos siding because doing so can release hazardous asbestos fibers into the air. The safest way to handle asbestos-containing materials is to have a professional remove or encapsulate them.

Some pros may recommend covering a popcorn ceiling that tests positive for asbestos with beadboard ceiling planks or drywall. The cost to install a beadboard ceiling averages more than $5,000, but you likely will pay more than the average for the installer to deal with the asbestos safely. Installing a beadboard ceiling or new drywall will disturb the asbestos and release some microscopic fibers, so the installer will need to take precautions. 

If you can locate building records, you may be able simply to see what type of tiles (or bonding agent) was used. Any flooring made between 1950 and 1989 more than likely contains asbestos. Asbestos tiles can also be slightly thicker than other tiles and often measure 9” x 9”, 12” x 12”, and 18” x 18. Black mastic was a commonly used adhesive that contains asbestos.

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.