Assuming the reader is asking whether asbestos shingles would disqualify a home from being approved for a va guaranteed mortgage or whether asbestos shingles would need to be replaced in order for the property to be approved we responded to the reader saying local building codes or other applicable law would be enforced in this situation.
Asbestos siding financing.
The portland cement binds asbestos fibers into a hard mass.
Water could be seeping into the home s sub structure and or weakening the foundation.
Asbestos siding was very commonly used in buildings and homes from around the 1920s until the 1980s and can still be found in many older homes in the u s.
Wrap asbestos siding in 6 mil thick plastic sheeting and secure the plastic with duct tape or place the debris in heavy duty plastic bags.
Asbestos cement was first developed in 1905 by the johns manville company who became one of the premier manufacturers of cement asbestos materials.
Asbestos is an extremely hazardous material.
Don t overreact to minor damage.
The existence of building materials or insulation made from asbestos is addressed according to that specific instance and how local state or federal requirements apply.
Asbestos cement is a mixture of portland cement reinforced with asbestos fibers.
Containing the asbestos typically costs 15 25 less than removal because you won t have to pay for disposal costs.
The average cost to repair asbestos siding is 4 761 with typical costs between 665 and 8 856.
Rotten missing or severely cracked siding could pose a threat to the soundness of a home s structure.
The reported costs for such projects range from 500 to 4 500 while the typical cost for asbestos siding removal is generally between 1 000 and 2 500.
If asbestos is note during the appraisal and corrections are required those recommendations would have to be followed prior to the loan being approved and a compliance inspection may also be required.
Asbestos siding removal isn t free but if you re having it replaced with something else you just might be able to get a good deal with the company you end up choosing.
A brief history of asbestos cement siding.
Whether you re planning on buying or selling many homeowners worry that buyers won t even lo.
Rotten or damaged siding.
When scouting out a potential property keep a watchful eye on the siding.
That cement was then pressed into siding shingles that came in a wide.
Asbestos siding was made by adding asbestos a naturally occurring mineral to portland cement.
Encapsulation a popular form of repair averages 2 to 6 per square foot.
The cost of removing asbestos entirely has a wide range of costs depending on where the asbestos is located.
Some projects are as low as 300 while the highest prices can reach 22 500.
