Basement with Vinyl-Asbestos tile flooring - Does following situation affect Market Value?

[Riick]

Looking for opinions on how the Market would react, certainly not numbers/percentages.

Basement has brown speckled glue-down tile floor throughout. A recent sewer backup has left sewage in basement. Remediation company has dried out the basement, but will not clean up the sewage, which is not only on top of the tiles, but also in the hundreds of gaps between each tile (no grout). They're worried that their cleaning method(s) will send asbestos particles into the air, if the 1960-70's floor tiles contain asbestos. Subsequent Lab testing revealed tiles do contain asbestos.

The only two ways I know of to deal with this are removal of the tiles, or, encapsulating them (poured epoxy coating).
If the tiles are encapsulated, the asbestos remains, and if/as/when the property is Sold, disclosing the presence of VA tiles would avoid potential problems. However, I think leaving the tiles, encapsulated, would have a negative impact on market value. I think removal would be the superior cure.
Agree, Disagree, Other Options you know of, You opinions please.
.

 

[Tom D]

the old tar glue they used is really hard to get them tiles off. gotta use a ice scrapper to get the tile off. glue never comes off the concrete. the sewage seepage in crack part is the real problem.

 

[Dublin ohio]

Looking for opinions on how the Market would react, certainly not numbers/percentages.

Basement has brown speckled glue-down tile floor throughout. A recent sewer backup has left sewage in basement. Remediation company has dried out the basement, but will not clean up the sewage, which is not only on top of the tiles, but also in the hundreds of gaps between each tile (no grout). They're worried that their cleaning method(s) will send asbestos particles into the air, if the 1960-70's floor tiles contain asbestos. Subsequent Lab testing revealed tiles do contain asbestos.

The only two ways I know of to deal with this are removal of the tiles, or, encapsulating them (poured epoxy coating).
If the tiles are encapsulated, the asbestos remains, and if/as/when the property is Sold, disclosing the presence of VA tiles would avoid potential problems. However, I think leaving the tiles, encapsulated, would have a negative impact on market value. I think removal would be the superior cure.
Agree, Disagree, Other Options you know of, You opinions please.
.

What type of cleaning method were they going to use that would release asbestos? Sounds strange. As far as a remedy. Encapsulation would be the most economical. Removal would be a mess and expensive. Those tile do not come up easily. Mass breakage of the tiles when removed

 

[jay trotta]

Looking for opinions on how the Market would react, certainly not numbers/percentages.

Basement has brown speckled glue-down tile floor throughout. A recent sewer backup has left sewage in basement. Remediation company has dried out the basement, but will not clean up the sewage, which is not only on top of the tiles, but also in the hundreds of gaps between each tile (no grout). They're worried that their cleaning method(s) will send asbestos particles into the air, if the 1960-70's floor tiles contain asbestos. Subsequent Lab testing revealed tiles do contain asbestos.

The only two ways I know of to deal with this are removal of the tiles, or, encapsulating them (poured epoxy coating).
If the tiles are encapsulated, the asbestos remains, and if/as/when the property is Sold, disclosing the presence of VA tiles would avoid potential problems. However, I think leaving the tiles, encapsulated, would have a negative impact on market value. I think removal would be the superior cure.
Agree, Disagree, Other Options you know of, You opinions please.
.

Agree with Dublin, "Encapsulation would be the most economical" and best way to secure the asbestos in place. Would require an estimate from an expert in the field, (subject to - remediation) for your cost to cure.

 

[Illuminati]

According to industry standards it needs to be removed--- IICRC s500 and s520.

I always hired a sub contractor who specialized in asbestos abatement for removal. I'm former water damage restoration business owner.

 

[Tom D]

if it was cleaned up well enough with no smell now, i would
use glue and vinyl planking. vinyl planks last forever
or put down a ceramic tile floor. around here asian and spanish speaking seem to like ceramic tile.

 

[Tom4value]

The only “cleaning” I could think of that would cause a problem is some type of power scraping/sanding that would kick up dust into the air. Using bleach -based product should be fine. Then cover the floor with rolled laminate.

 

[Fernando]

Over ten years ago I had asbestos abatement on my building costing at least $20,000 or was it $60,000. So long ago to remember.
However my building was very large including asbestos mainly removing the vinyl floor.
Strong potential tenant demanded the removal.
The point is that you can get an estimate cost for taking out asbestos into your appraisal.

 

[Raven59]

It depends on the age of the house. Asbestos might extend beyond basement tiles if it was built in the 1960s or 1970s. It was commonly used in pipe insulation, popcorn ceilings, attic insulation, siding and roofing materials, window caulking, and around boilers and furnaces. The answer to your question relies significantly on the entire envelope of the house. The market would be more concerned about backed-up sewage in the home than asbestos. Is the basement finished, has the potential to be finished, or is it just a space for storage? Sealing it and possibly adding a new floor could be a viable option if it is just for storage. If basements are commonly finished for storage, removal might be the best option as the asbestos tiles could limit future renovations. If your market is sensitive to environmental/health issues, removal might not be the best option. Remember, stigma is a perception.

 

[J Grant]

Imo the appraiser should not be specifying/designing the solution.

Disclose the problem and call for appraisal made subject to asbestos /other remediation with flooring replaced with tile vinyl or similar., or call for the subject to inspection and cost estimate of remediation.

If you give a cost estimate, give a wide range if a client asks for one.