Selling A House Containing Asbestos?
As many of you know, real estate agents are required by law to disclose any details of the property that may affect a buyer’s decision to purchase. The presence of asbestos can fall within this category, so it’s imperative you disclose to your estate agent the possibility of your home containing asbestos.
Asbestos was heavily used in New Zealand from the 1950s-1980s as a strong and durable building material to survive the wild New Zealand weather. Some asbestos materials are weathered, in poor condition and in need of repair and will incur extra costs when the time comes for removal and disposal. Residential asbestos removal can range from $4,000 - $30,000 depending on the product type, weight and extent, and can take 1 day to 2 weeks! This is why it’s best to identify ACMs before listing, as asbestos presence may damage your sale price.
If you suspect your home contains asbestos and are looking to sell, professional sampling and testing is easily performed and inexpensive. So, regardless of how you proceed, always disclose what you know about your home to your estate agent to avoid any legalities further down the road. If you have any queries or concerns about potential asbestos-containing material, send us an email at Info@methwise.co.nz or call us on 0221341621