Yes. Gutting a house to the studs may actually be a good option if you believe a home contains toxic materials like asbestos, mold, or lead paint. However, this must be done under the supervision of licensed remediation experts.

Asbestos is absolutely cancerous. In fact, around 4% of all lung cancer cases are the result of asbestos exposure. This is why we recommend a full, professional removal and cleaning of any asbestos found in your home. If you are unsure whether there is any present, you should call a pro who will inspect your property.

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.

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.