Many times buyers will turn away from a home simply because the heating oil tank is underground. They don't want the worry of whether or not it is leaking or will leak in the future. But what if this home is your dream home or meets all of your criteria in what you are looking for in a home?
In the grand scheme of things oil tanks can be tested,,removed and/or replaced relatively inexpensively. It should always be handled by a professional. Tank management companies ensure that everything is properly handled and that there will be minimal risk to the environment should they discover any type of oil leakage.
Underground storage tanks can possibly develop leaks due to erosion of the tank itself over time and the material held inside the tank. If such a leak does develop it can contaminate the surrounding soil, drinking water and ground water. This could become a health hazard for your entire neighborhood.
When looking to purchase a home with an in-ground oil tank you would have the tank tested as part of your home inspection. If the tests prove satisfactory you can than choose at that point to have the tank removed and an above ground tank installed. This would eliminate any future worries of an underground tank.
So the next time you see a home that could be your dream home and it has an underground oil tank...don't let that turn you away from a possible purchase where you could spend many happy years!
Debbie Walsh, GRI, CNE, CHMS, REM | Office (845) 283-3036 |
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