Asbestos Siding
Looking at a potential rehab that has asbestos siding. I know it's non-friable and not really a danger, but that word alone tends to incite fear. Anyone have any problems selling a property with it?
Looking at a potential rehab that has asbestos siding. I know it's non-friable and not really a danger, but that word alone tends to incite fear. Anyone have any problems selling a property with it?
I would have a problem selling a house with asbestos siding, just because the word "asbestos" is going to turn off potential buyers. I've heard of people going over the asbestos with foam panels and vinyl siding but I wouldn't recommend it. The safest thing to do is to call a company that deals specifically with the removal of the asbestos siding, have it removed, and install new siding.
wow...I don't know about having the asbestos removed...about the only time people actually remove asbestos is when they demo a building or do a huge renovation in high rises...its not worth the cost...see if you can just cover it up and put vinyl over it...or just leave it alone. Either way on a disclosure statement your going to have to say you know of the existence of the asbestos...
The house is done and on the market. We painted it and it takes paint really well. Looks a lot better than I anticipated. I guess I'll find out.
Hi
Just curious how your house did. Have you found the siding to be an issue with prospective buyers?
House is still on the market, but have only had one looker say anything about it.
This really should be a non issue. You made the right choice in painting this siding. It will wear much better than any replacement vinyl or aluminum siding would. I seriously doubt you will encounter any negativity regarding it upon potential resale. Good luck
I am curious. why is this house still on the market?
Well you sound like you already know the answer. The good thing about redoing the walls is you have great access to rewire/replumb and get it looking good for not too much extra money. A mess for sure but likely worth it in the end.
I have done both in the past. I would consider tearing out if you have the time and if think you will get your money out of the resale. Going over the plaster with 3/8 or 1/4 drywall is not to bad. As far as the trim and door jambs...all you have to do is carefully remove them (which gives you a good chance to do a proper paint job on them anyways), finish the drywall and then cut extension jambs so all the trim will fit right again. A little painters caulk here and there, a few touch ups and your done.
Absolutely, this is loan fraud.
[addsig]
DO YOU INTENT TO OCCUPY after the rehab?
Most loans give you a grace period to move into the place.
cjmazur,
Did you read the part about being truthfull, where you suggesting that this person should say they had intent to move in when in fact they did not and this would get around he morgage fraud?
John $Cash$ Locke
[addsig]
Thanks for the responses.
ltanksley,
So apparently there is no limit to how many owner-oc loans one may aquire? I thought that if you already have a house its considered primary residence and every loan thereafter is an investment..?
telebroker,
Itanksley said he was moving from one home to another. The new home is to be owner occupied and is ,therefore, eligible for an owner occupied loan. The home he is leaving he rents out and becomes a non- owner occupied dwelling. The existing financing on the house he is leaving (qualified for as owner occupied ) remains in place.
Is there a minimum amount of time one must stay in the house before moving and obtaining another owner-oc mortgage?
The bucket of joint compound that I used said in plain english that it can be used for texturing so you are wrong in assuming I used the wrong one but I appreciate the idea that I can use a different product. [ Edited by saniche on Date 04/25/2005 ]
Lowes sells stuff called Paint Tex. You dump it into
your paint. It gives it texture. You can get small, medium or large particles. It is pretty cheap.
Or you can mix regular drywall mud to thin it out and trowel it on.
We have done both for people we remodeled for.
It looks neat but is hard to wipe the walls down if you need to so I would not suggest using it in a kitchen or bathroom.
"...you can saw wood with a ginsu knife..."
Southern Yellow Pine?
[addsig]
Re Habinator,
How do I prep a semi gloss painted wall for texturing? Primer, sealer, WeldBond?
Tip: I just started using WeldBond as an additive instead of water when mixing Sheet Rock dry powder plaster for patching. Eliminates shrink, dries hard and fast... I love it.
Thanks,
Dominic
Quote:
On 2005-05-02 19:13, dominicd wrote:
Re Habinator,
How do I prep a semi gloss painted wall for texturing? Primer, sealer, WeldBond?
Tip: I just started using WeldBond as an additive instead of water when mixing Sheet Rock dry powder plaster for patching. Eliminates shrink, dries hard and fast... I love it.
Thanks,Dominic
What? Weldbond as an additive in sheet rock for patching? LOL, never heard of that, but if it works for you...
Why not just use setting compound for patching? - eliminates shrink, dries hard and fast.
If the painted wall is in perfect shape and not flaking, or powdery, I would just shoot the drywall texture right on the painted wall.
Rehabinator,
What is a setting compound? When I asked at HD for a binding additive they suggested WeldBond. Is it in the paint dept or the lumber area with the plaster and compound?
Thank you...
>How do I prep a semi gloss painted wall for texturing? Primer, sealer, WeldBond? >
In my experience conventional wisdom had it that you always primed glossy surfaces before applying a water-borne product over it.
Dominicd
You may want to rough up that glossy surface i.e. sandpaper and then prime it. gloss has a knack for making things slip and slide and fall to the floor!