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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.

If asbestos is found, it is crucial to consult with a professional. They will provide recommendations for appropriate abatement actions, which may include safe removal, containment, sealing, or enclosure. All actions must be planned and executed in accordance with local regulations for handling asbestos.

The cost for asbestos testing typically ranges from $400 to $800. The final price depends on several factors, including the number of samples needed, the size and age of the property, and the professional's expertise required for comprehensive testing. Larger or older properties may have higher costs.

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.