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Although the use of asbestos has declined since the 1980s, it remains in several different types of building construction materials for insulation and as a fire retardant. Typically, asbestos can be found in materials such as ceiling and floor tiles, heat-resistant fabrics and coatings, and roof shingles. You may also find asbestos in textured paint and patching compounds.

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.  

Unlike some home problems, such as water damage or pest infestations, asbestos can be very difficult to spot. Asbestos is a mineral in the form of microscopic fibers and was previously used in building materials for its bonding and fireproofing abilities. Insulation, roof shingles, ceiling tiles, floor tiles, pipe wrappings, soundproofing materials, and textured paint features like popcorn ceilings are common sources of asbestos, particularly in homes built before 1980.

Age is perhaps the biggest indicator of asbestos, as legislation passed in the 1970s labeled asbestos as dangerous and regulated its use in building materials. Signs of age in the form of wear and tear or material degradation are also indicators that asbestos fibers may be leaking into the air, but ultimately, it’s difficult to detect with the naked eye. If you have reason to suspect asbestos in your home, it’s best to hire a certified asbestos inspector.

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.