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  1. #1

    Default Asbestos ceiling in rental?

    We are looking at a 2 bedroom property that has asbestos ceiling, it is in really good condition (pending further investigation), would we be able to rent the property out or would the ceiling need to be encapsulated/replaced first? Thanks

  2. #2
    Join Date
    Apr 2009
    Posts
    941

    Default

    I've always had these removed, new downlights installed, and ceilings plastered and repainted.
    It attracts more tenant and a higher rent.

    But in answer to your question, during due diligence for your purchase, you should always seek professional advice.
    In this case why not ask the local real estate offices who manage properties in the area.

  3. #3

    Default

    Mid term plan we are probably looking at demo/rebuilding to be used as our personal home, so not wanting to spend the money redoing the ceiling if we can avoid it, but will check with property managers in the area, thanks!

  4. #4
    Join Date
    May 2004
    Location
    Christchurch
    Posts
    560

    Default

    It’s perfectly safe if it is sealed well and not dusty. Don’t let electricians drill into it. To do any work now for EQC at least you need asbestos check of all old plasterboard not just stippled as a lot of even the plain stuff has asbestos.

  5. #5

    Default

    It isnt an "asbestos ceiling" but it may be a ceiling with an textured finish that may contain asbestos (or not)?

    Are you sure it does? Has it been tested?

  6. #6

    Default

    Agent has advised the ceiling contains asbestos, sorry I have limited understanding so I could be wording it incorrectly.

    We are on the fence about this property at the moment, we will be getting it checked out if we are interested enough.

  7. #7
    Join Date
    Apr 2009
    Posts
    941

    Default

    Many buyers are put off by these ceilings. Even the agent is saying it contains asbestos.

    Place a conditional offer to allow you to do all the necessary inspections to allow you to do cost calculations to make the house the way you want it. Multiply this total figure by 3 and on the date of going unconditional inform the sellers agent you need to take this figure off the purchase price to make the finances work.

    Turn a property's weakness to your advantage.

  8. #8
    Join Date
    Aug 2003
    Posts
    7,620

    Default

    Agree ^^, you've got a great opportunity to buy some time while getting it tested and quote to replace, then present a purchase price that makes the numbers work for you (still conditional etc). Other buyers are being put off by the agent, so why not put in a cheeky offer when you know where you stand.

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  9. #9

    Default

    Not sure where you are but if you need advice give this guy a ring.

    he's always been super helpful and forthcoming with info and advice whenever I've contacted him

    Josh Barry
    Operations Manager

    M. 021 586 978
    www.protectus.co.nz

  10. #10

    Default

    It is an auction (most in Auckland seem to be auctions), so can't do conditional offer as such, but I suspect DaveW and donna are correct that others will be put off by the presence of asbestos.

    Thanks for the contact hopetown, will look into it.


 

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