Beware - Asbestos Costly in Many Ways
Posted Oct 15, 2007 @ 9:39 am, Viewed by 272 Visitors, Read 273 Times.
I recently had some clients who really loved this 1950s split level, the former home of the town doctor in a small rural West GA city. It needed a lot of updating but was spacious and had a great deal of charm, rumored among the locals to be the best built home in the city as the old Doc always did everything right. During the initial showing I showed my clients the insulated ductwork in the basement which appeared to me to be asbestos and advised them not to disturb the pipe. They wanted to make an offer on the home but were unsure what the costs would be to make repairs. The disclosure form stated that the roof was 5 years old but the shingles were sagging and broken at the edges and were clearly much older. Coordinating the estimates for my clients, our roofer found that there were actually three layers of shingles, the layers near the eaves had been cut back hiding the extra layers. This brought the roof estimate higher to $10,000 due to the removal of the extra layers. It could be much higher if the layers underneath were asbestos shingles which could not be determined until the layers had been peeled back.My clients have small children and purchasing the home with the asbestos insulated pipe was not an option without doing something about it. I spoke with several environmental and asbestos abatement companies (not as easy to find as you would think) who advised that the best course according to the EPA is to have the asbestos pipe sealed by a professional and not to disturb it. The estimates that I got to seal the one pipe were $8,000-$10,000. If the roof shingles turned out to be asbestos they would have to be sealed individually, each shingle and the ballpark figure on that job was $40,000. The home was priced in the low $200s and also hadn't been updated ever with the exception of the kitchen. My clients quickly cooled to the idea as they wondered what else the house may need. We had several inspectors look at it but some things like the mysterious numerous drainage pipe cleanouts in the backyard defied explanation. I'm certainly glad that they moved on to look at another home and made the decision not to pursue this potential money pit. The old Doc's home was recently purchased by the daughter of a local real esate agent.
If you are looking for Douglasville Real Estate or anything in the West GA market please contact me to assist you. I consider every aspect of my client's new home purchases and give them the most information possible to ensure that they will be happy about their decisions for years to come. I strive to be the kind of Douglasville Real Estate Agent that I wish I would have had when I started out.
An independently owned and operated member of The Prudential Real Estate Affiliates, Inc.
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A full-time professional Prudential Georgia REALTOR® and successful Atlanta area real estate investor of over 15 years, I enjoy helping others create wealth and security by assisting with their important home buying and selling decisions. Read More
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