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It is not recommended that you drill into asbestos siding, as you could release its hazardous fibers into the air. The best way for dealing with asbestos-containing materials is to have a professional remove or encapsulate it.

If present, abatement action, including removal, sealing, or enclosure, should be planned per local regulations. Proper consultation with a professional is key.

In most cities, it isn’t legal to cover asbestos tile. This is because it’s difficult for the average homeowner to know if they’re causing fibers to become airborne. While there is a method of sealing the asbestos in place—called encapsulation—this needs to be done by a pro, and isn’t appropriate for all situations. 

If you are trying to sell a home with asbestos siding, most jurisdictions force you to disclose this in official documentation about the home. Some potential buyers may not want to purchase a home with asbestos siding, which could negatively affect their health if the siding becomes disturbed. However, as long as the siding is in good condition, some buyers may not see it as a disadvantage. You could take on the cost to replace asbestos siding if you have concerns over this material affecting your home’s resale value.