• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Asbestos Siding

Status
Not open for further replies.
:rainfro: The elf melted his tree house! :cool:
 
As luck would have it, I have a brick house. Unfortunately my garage is frame....
 
I have done several homes with asbestos siding, and the market has no real reaction to it if it is in good condition. Asbestos roofing, on the other hand, may take a bit of a hit. A home in my neighborhood was on the market over a year with an asbestos roof that was showing its age, probably original to the 1930's built home. The owners finally replaced the roof with conventional shingles and it sold in 30 days. The cost to remove the asbestos shingles was significantly higher than normal due to the roofers having to bag all of the shingles before disposing of them. Probably added $2K - $3K to the cost of the new roof. Just be careful about these types of roofs. Some realtors call them "slate roofs" :unsure: . Apparently they don't know what the difference is. :shrug: Have a good Thanksgiving everyone!
 
Around here in East Tennessee, we have a lot of homes with asbestos siding. Whats really kind of funny is that appraisers will call it a lot of different things on their reports, but, they never call it asbestos siding. When i first came here from the UK, i bought a house with asbestos siding. I didnt know it though as back home, ALL homes are brick. When i found out what it was, i researched the subject and learned that it was safe while intact. I have never had a lender question me when i say the house has asbestos siding, especially when its in good condition. And the problem with vinyl siding is, you never know whats underneath. Yeah, it may look pretty, but some goon may have gone right over broken asbestos, rotten wood etc....
 
Well, I'll be -- you do know, don't you, that cementaceous siding is held together with asbestos. You know, those really nice shaped slate-looking shingles that are attached like siding with drilled holes and a special screw-hanger.

The upshot to my post is that you can't always tell what's asbestos.

Some satisfactory remedies are duct tape* and encapsulization "paint."

L- in MN


* Yes, I know, duct tape is a remedy for almost anything, second only to baling wire.
 
Remember too that this "asbestos" is really cement-asbestos. Around here it used to under the trade name "Stratolite". I've also worked as a home inspector in addition to appraising and it's really not considered a risk at all mostly because it's very stable and usually cracks but does not become friable. It's also outdoors. As far as the "stabilization" of asbestos pipe wrap in the basement a good home inspector would call that out. I've seen all kinds of cures for thge pipe insulation including wrapping it in duct tape. garbage bag material, aluminum foil, painting etc.

Bottom line, it's still there. You're wrapping a pipe that could break or otherwise need repair or replacement. That's where the stabilization won't do any good. Now you have to bring someone in to remove it so you can repair/replace the pipe.

Another asbestos concern that most people never talk about are 9" vinyl tiles (usually in the basement rec room). Almost all 9" tiles (which gave way to 12" tiles) contained asbestos as did the glue used to hold them down. That's another disclosure a good inspector would make.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top