Asbestos Abatement , What You Should know .. or Your Realtor ?

Fri, 26 Feb by Ken MacAulay

Lately I have come across the dilemma of what to do about asbestos .. is it in the home you are Selling or Buying according to Alive magazine ..here is some interesting info you may find helpful .

What is it used for ?

“From the 1930s to 1990 there was widespread use of asbestos in house-building materials in Canada. Today asbestos can be found in insulation board, shingles, ceiling and floor tiles, and certain types of cement.

When does it pose a health threat?

Asbestos is believed to pose little risk when encapsulated in housing materials that are in good condition, and is only considered a health hazard when its fibres are present in the air.

According to Health Canada, health risks caused by asbestos depend on the

  • concentration of fibres in the air
  • length of exposure time
  • frequency of exposure
  • size of fibres inhaled
  • amount of time since first exposure

When inhaled in large quantities or over a long period of time, the fibres present in the air accumulate in the lungs, causing irritation and inflammation that can reduce lung function and cause serious forms of cancer.

Dangerous DIY home repairs

Another major source of asbestos exposure is building materials uncovered by home renovations. Most housing materials containing asbestos do not pose health risks, provided the materials are in good condition. If you discover asbestos-containing materials in your home, it is often best to leave them intact and undisturbed.

So with this being said , the new policy of the City of Calgary is if you are Selling or Buying a home in the vintage between 1930-80 , you must have it tested for Asbestos by a certified specialist . The cost for this test is about $800 +GST , but well worth it.. you do not want any surprises . This info is then presented to an abatement certified contrator to goive you a quote on the safe removal of asbestos found in your home .. for more info on this topic ;

http://bit.ly/1Tb4WQk

Or

http://bit.ly/1QBdHMO

” Best Time to Sell / Best Time to Buy ? “

Wed, 24 Feb by Ken MacAulay

With all the concerns around the price of oil these days in our province and around the globe , one thing is for sure , people need a place to live. The Calgary Real Estate market as I see it will move in a downward path over the next few months until we find some balance and if $30 / bbl oil is the new norm than , let’s deal with it . I get the question every day .. ” what is the market doing and what do you think is going to happen ” . My answer has been .. if you are looking to move up and buy a bigger home then now is the time as the price of homes over the average 450-500K in Calgary will come down , less from 5-700K , a bit more from 7-900 K  with the biggest drop being over the 1 .0m price point . Next question I get is  ..”Are they going down  50% “?.. I really ,really don’t think so .. they may go down 5-7 %  depending on your price point .So with this being said , now will be the best time to start thinking , then acting on your decision .

The other segment of the RE industry is the investor…. the best deal I believe for them is in the RC-2 lots in  areas like Killarney etc.. where you have a 13.5+ frontage with an older home that can be rented out ( legally) as two units with the price point of 450-600K ( which should  postive cash flow ) …so  when the market returns these homes can be demolished and new infill type properties can be built

So .. ” Best Time to Sell ?? / Best time to Buy ?” , my answer .. “NOW” .. all it will take is for  more sabre rattling in the Middle East to change this market ..  & that could be anytime .. so start looking and call me if you have any questions ..

This of course does not apply to new condos … that is for another Blog !

 

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