All Forum Posts by: Kye Matthews-Mason

 Bad idea, cant evict, tenants will use it against you.  can't rent to govt tenants, why would you not pay it its 200 or less,

Just pay it , 

In the early part of the 1900s insurance companies gave people discounts if their home had more asbestos in it.  People were incentivized to use the material and therefore many older homes have it.  Lawsuits started causing it to get phased out in the 1960s, but you could be found in certain construction materials as late as the early 1980s.

If you are rehabbing houses, you need to decide what you are going to do to the house and whether or not that will require remediation.   For example, if the house has tile with asbestos, remediating by removing the old tile can be expensive.  On the other hand, you may be able to easily install flooring over the top of it.  As long as you don't have to cut, break or drill into the asbestos tile you are effectively encapsulating and the costs would be much lower.

Hi Kye. I was born and raised in Cleveland. I've been a Realtor since 2011 and I currently live and sell homes in Boston. The majority of all homes built before 1940 were built with a fieldstone foundation. We now know that these foundations tend to seep during heavy rain. This isn't an issue unique to the Cleveland market. This happens all the time in Boston as well. It's an issue specific to fieldstone foundations. As others have mentioned there are a variety of ways to tackle this. How you will want to address it depends on the severity of the issue and what you plan to use the basement for. A sump pump will help prevent a basement from flooding during heavy rain. A dehumidifier pulls water out of the air once it has seeped into the basement. You would want to speak with a specialized contractor, but using a french drain and then repointing/waterproofing the fieldstone itself would be tackling the problem head on. My clients in Boston typically don't have any concerns about buying a home with a leaky fieldstone foundation, because it is such a common occurrence here. However, you should run the numbers and see what makes the most sense for you. 

A sump pump and dehumidifier wouldn't be that costly. 

But if you do a french drawn on all the exterior basement walls that sounds about right!  My understanding is that this is the best way to do things. Just a sump pump would help a lot to prevent flooding but really you want all the water directed to that sump pump with a perforated pipe under the concrete on the exterior walls. 

Hope this helps!

 I have done 100s and 100s and 100S of deals there along with 1ks of repairs/ renovations. If there is moisture, we simply put in a sump pump/ dehumidify and the glass block window with the vent. But this is a very rare issue.  PLEASE make sure you have a team around you, NO your realtor is not part of your team.  The fact you are being told 11k, well that proves you do not have a team, you are being lied to and taken advantage. I live on the beach and do all my business there. 

Good luck 

 I have done 100s and 100s and 100S of deals there along with 1ks of repairs/ renovations. If there is moisture, we simply put in a sump pump/ dehumidify and the glass block window with the vent. But this is a very rare issue.  PLEASE make sure you have a team around you, NO your realtor is not part of your team.  The fact you are being told 11k, well that proves you do not have a team, you are being lied to and taken advantage. I live on the beach and do all my business there. 

Good luck