Asbestos is a potentially dangerous material and the cost to remove it could be as much as $3,000-$5,000, and possibly more. We’ll talk more about financing asbestos removal later in the article.
First, it may be helpful to have a basic understanding of what asbestos is.
What is Asbestos?
Asbestos is a material that was used widely in building construction for a number of different purposes as recently as the 1980s.
Though used for innumerable purposes, asbestos has been found in spray-applied flame retardants, siding, pipe and duct insulation, popcorn-style ceilings and acoustical tiles.
Although there are several different types of asbestos, they are all composed of thin, fibrous crystals. Each visible fiber is composed of millions of microscopic fibrils that can be released by abrasion or other forces.
When these fibers are released into the air and inhaled, they could possibly pose some health risks.
Asbestos has been widely regulated and/or banned.
However, older buildings sometimes have traces of the material present in one form or another.
Due to strict regulations and the specialized training and equipment necessary to facilitate asbestos removal, this can be a costly―but necessary―process for some homeowners.
Asbestos Testing and Inspection
If you suspect that your home may contain asbestos-based materials, you may need to act.
First, you could contact your regional asbestos program as well as your state asbestos administrative department to educate yourself on state and local regulations. You may also contact your Occupational Safety and Health Administration regional office for this information.
Next, you may want to seek out accredited asbestos inspectors and contractors. The inspection may be split up into two phases.
There may be an initial asbestos inspection to determine what, if any, asbestos materials need to be removed.
There may also be a follow-up inspection once the asbestos abatement is complete.
How Much Does Asbestos Removal Cost?
When determining how much asbestos removal will cost your family, you need to factor in not only the cost of the removal or other asbestos abatement techniques, but also the inspections needed.
According to the White Lung Association, you can anticipate an initial asbestos inspection and report of recommendations to run between $400 and $800 for an average 1,500 square foot home, including lab costs. The second asbestos inspection, after the asbestos abatement, should cost roughly half the cost of the initial inspection.
The asbestos removal cost is more difficult to calculate. Many asbestos contractors charge a minimum fee, no matter how small the job.
For a household asbestos removal or abatement job, you may have to budget between at least $1,500 and $3,000, if not more.
Sometimes the actual cost, depending on the severity of the situation, can be higher. There is also a geographical component to consider. Based on your location, asbestos removal costs may be more or less than this projected range.
If you suspect there may be asbestos materials in your home, start by getting more information on the substance and its effects from the Environmental Protection Agency.
If financing is a concern, a home improvement loan from Discover can help finance this important home project.