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Updated over 4 years ago,

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Is Asbestos a deal breaker?

Tamasia Williams
Posted

Hello everyone,

I am currently searching for my first investment property to purchase and i came across one in my price range but the property details states that the house had a major fire 2 yrs ago. Interior has severe fire and smoke damage. Due to the fire the asbestos is floating in the air and is considered hazardous. The house was built in 1963... i don’t know if that info matters. Do y’all think i should still consider the home and get the asbestos removed? I looked online and it can cost between 500-5000 to get the asbestos removed. I know my home loan requires the property to be livable so i think that would be a factor as well. What do y’all think? Thank you! 

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