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Updated about 9 years ago,

User Stats

17
Posts
2
Votes
Yan B.
  • BUFFALO GROVE, IL
2
Votes |
17
Posts

Question about possible asbestos

Yan B.
  • BUFFALO GROVE, IL
Posted

So I am in the process of buying a fixer upper property. My plan is to occupy it as my primary residence while fixing/upgrading it, and eventually sell it after 2-3 years with maximum tax benefits. Anyway, the basement ceiling is covered with old broken tiles, and inspection report clearly states that might contain asbestos. Which means, I can't simply toss them in a dumpster and live happily ever after. If I hire somebody to gut the basement (which I am planning to do), don't I have to tell them about possibility of asbestos for legal reasons? Also, suppose I get samples tested for asbestos. Can I trust the company that is doing the testing? Don't they have vested interest in "finding" asbestos even if it's not present? 

Suddenly, this deal is not looking so great...

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