How underground storage tanks can cause headaches to homeowners

Underground Tank Removal Underground Storage Tanks Underground Fuel Storage Tanks httpwwwancfostercomau

Underground Tank Removal Underground Storage Tanks Underground Fuel Storage Tanks

httpwwwancfostercomau

How Underground Storage Tanks Can Cause Headaches

To Homeowners

To homeowners make sure you address the problems of underground oil

tanks before you put up you property for sale Learn from the experiences of

Marianne and Matthew Schottenfeld a couple from New Jersey USA

Underground Tank Removal Underground Storage TanksUnderground Fuel Storage Tanks httpwwwancfostercomau



In early 2009 when the couple thought of selling their home a real estate agent

advised them that they unearth the underground heating-oil tank At first they

thought it was going to be painless and inexpensive However a contractor later

discovered the underground tank to be corroded Worse that had been an oil

leak into the ground From there the Schottenfelds have found out underground tank removal did indeed cause a dent in their wallet

How Underground Storage Tanks Can Cause Headaches To

Homeowners




The Schottenfeldsrsquo property is completely cleaned now but it took two and a half

years and a staggering $60000 just only to have the tank excavated This could

have been such a small case but consider the cost and the pain it took to

remove a corroded polluted tank This is one issue homeowners buyers and

real estate agents can face if they are not ready to see a contaminated tank They are ldquovery frightening thingsrdquo remarked a real estate lawyer


Homeowners




The New Jersey Fuel Merchants Association estimated there could be about

120000 residential underground fuel storage tanks The number has been

decreasing Homeowners remove the tanks and replace them with

aboveground tanks while some others convert to natural gas heat


Homeowners




At home sales the question of underground tanks comes out as

homeowners are to show to prospective buyers the premises of the

property leading them to where the tanks is located Aware of the tanksrsquo

potential for contamination most buyers demand underground tank

removal before the deal can go through


Homeowners



Buyers will refuse to buy a house with an underground tank or pay for removal

even if they are given discount or credit for it Even mortgage lenders and

insurance companies are wary of underground tanks Insurance companies wonrsquot

take care of the cost of the cleanup and try to limit their exposure to tanks Real

estate agents have no option but to push the sellers to deal with the tanks before putting up the house for sale The sellers then will have to remove the tank and

convert to gas heat


Homeowners


Underground Fuel Storage Tanks

Underground Tank Removal

Underground Storage Tanks



Most often sellers donrsquot know whether there are oil tanks on their properties as

previous owners will not reveal about their existence or may have abandoned the

tanks years earlier So if ever the question about tanks pop out home inspectors

look for old pipes oil-feed lines or other signs in the house


Homeowners







To search out for an old tank a home inspector will usually sweep a property

with a metal detector and conduct test borings of the soil nearby to check if there

have been any leaks If a tank is found removal would cost a few thousand

dollars But if the tank is contaminated and there has been oil leakage the

cleanup costs can run up to tens of thousands of dollars


Homeowners







This was what had happened to the Schottenfeld couple Their tank had leaked oil

into their neighbourrsquos property as well as theirs It was found out that the leaks

probably started 20 to 30 years ago


Homeowners







This is the lessons for every homeowner to learn Never underestimate the

problem underground storage tanks can bring Before they would like to sell their

property they should take care of the tank and handle the conversion to gas

prior themselves to spare new owners from misery To buyers do not accept a

credit for the underground tank removal of the tank because if therersquos a leak the cost can be much more than expected


Homeowners

Underground Tank Removal Underground Storage TanksUnderground Fuel Storage Tanks httpwwwancfostercomau



In early 2009 when the couple thought of selling their home a real estate agent

advised them that they unearth the underground heating-oil tank At first they

thought it was going to be painless and inexpensive However a contractor later

discovered the underground tank to be corroded Worse that had been an oil

leak into the ground From there the Schottenfelds have found out underground tank removal did indeed cause a dent in their wallet


Homeowners










Homeowners









Homeowners










Homeowners








convert to gas heat


Homeowners












Homeowners













Homeowners











Homeowners













Homeowners










Homeowners









Homeowners










Homeowners








convert to gas heat


Homeowners












Homeowners













Homeowners











Homeowners













Homeowners









Homeowners










Homeowners








convert to gas heat


Homeowners












Homeowners













Homeowners











Homeowners













Homeowners










Homeowners








convert to gas heat


Homeowners












Homeowners













Homeowners











Homeowners













Homeowners








convert to gas heat


Homeowners












Homeowners













Homeowners











Homeowners













Homeowners












Homeowners













Homeowners











Homeowners













Homeowners













Homeowners











Homeowners













Homeowners











Homeowners













Homeowners













Homeowners

How underground storage tanks can cause headaches to homeowners

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