In the area I live and invest there are many houses with asbestos slate siding. I know this siding, if maintained correctly can last forever but it looks horrible and has the stigma attached of old and dangerous. I have had a crew come in to remove it on one property as I like to strip down all original siding and repair anything wrong and go new from there. I wonder what other investors do with asbestos siding or if it isn't prevelent in your area. Have you noticed that it is harder to sell or rent if there is asbestos siding? Do you cover up asbestos siding? Do you not even want to mess with properties that have asbestos siding?
Thanks all, just getting an idea of what other investors perceptions are on this topic. I have a house with asbestos siding and i painted it and it looks pretty good. If other houses in the area have asbestos as well, make sure when you are trying to sell it, you comp your property with other asbestos houses. To cover it with either hardy board or do brink in front and do siding on the rest of the house it is going to cost about 5-8k depending on how big your house is.
When deciding what to do with the property; run two sets of comps. If houses that have brick and hardy are selling for over 8k than the regular asbestos houses then the decision is easy. Rob - I have removed the asbestos siding in the past because I think it looks horrible. I also ses it as a selling feature being able tonsay the siding is no longer asbestos but actually all new vinyl. I also have experienced that the asbestos is usually over the original wood lap siding and adding another layer is starting to really sink the windows in which also looks bad and is quite noticable. The house I removed the asbestos siding on cost me $1900 to have a company come in and remove it.
I then removed the wood lap and had a sub install the new vinyl. I would say it cost another $1500 for the vinyl siding and materials and about the same for installation. So about $5,000 total. I can also then add thermal board or blow in insulation very easy as well as find any problems by getting all the old siding off. Carl, everything was state certified and properly licensed.
It cost between $1.15 - $1.25 a sq. This company actually primarily works in industrial setting which is how I met them at my manufacturing job at the time. I get siding installed about $100 a square so I would imagine my area is a lot cheaper all around compared to your market. I think I have found a niche in this area. I did a little poll on my facebook and was surprised that almost no one wanted to mess with it. The potential for health concerns bothered many. Some had painted it or covered it up but in the end it still was a concern that isn't taken care of unless it is removed.
At the end of the day it might not be logical but people's perception doesn't have to be logical. Yeah things are relatively inexpensive here. My windows were basic but energy efficient, double pane, low-e and argon and wraps done for $360 per window installed. I did buy a couple $1,300 windows for my personal residence when I first started. They were triple pane with Krypton instead of argon and I finished with the cheaper windows and like the cheaper ones a lot better. The only one that has had an issue was one of the expensive ones.
They got me the part to fix it within a couple weeks but definately not worth the extra money for me. I can get decent houses in the $50,000 - $80,000 range and bring up to $100,000 - $120,000. You can have a nice home in the city for $130,000 - $150,000. In a nice suburb $200,000 buys a pretty nice home. There are $300,000+ properties but those are really really nice.
Gateway mfatxpnt es2 500x drivers. It is amazing when I see some of the prices in other larger areas. I really like my fox cites area in wisconsin.
We have enough people to have neccessary demand and to have access to all the products and services we need. There are definately low income areas but no real scary areas. With all the manufacturing in the area the next coming years will be really interesting as the baby boomers retire and the next generation has so many job options. I see that this topic is fairly old, hopefully I'll get some response. My husband and I are in the market for a house, the home we really love has asbestos siding. After researching, I'm not concerned with health hazards in living there (the siding appears to be in great condition) though am concerned in being able to re-sell the home once we 'move on' to a different location.
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Kyle, I noticed that you actually live in the same area (Fox Cities). We're trying to get a rough estimate on how much the total cost from start to finish would be (removing the old siding, buying, and then installing the new siding - all professionally). Right now we're weighing our options, since we don't want to spend a small fortune on re-siding a home, just so we can sell it again in the future. If the costs are minimal in the area though, this isn't an issue at all.
Do you mind me asking what company you went through when you had this done? Amy, The company I used was Advanced Asbestos removal out of Oshkosh. Owner is Ralph Zemple. Advanced Asbestos is just on the asbestos removal side. You would need adifferent contractor to install new vinyl siding over it. I would measure your exterior square footage and multiply that by 3.5 -4 to get your total price.
So 1,000 sq ft $1,250 - slate siding removal and disposal New siding materials and house wrap $1,000 - $1,250 Installation labor - $1,250 - $1,500 This is probably on the cheaper end and it will depend on what type of vinyl siding that you go with. You surface area of your exterior will be more than 1,000 sq ft unless it is a tiny house. You would also have further expense if you have any other old siding to remove under the asbestos slate.
It was interesting that you revived this topic as I was just discussing this on another project and was e-mailing back and forth on it.
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