If you are buying a home that is 60 plus years old or a home in a rural area there is a possibility that you may have some sort of fuel storage tank on your property. Just because you have a storage tank on your property does not mean that the house is bad. The condition, location, type, amount of fuel in the tank and age of the tank will determine how you should procede. My clients from the Buffalo Grove, Illinois home inspection were concerned of the side effects of having a storage tank in the home.
There are a few issues that can arise from a fuel storage tank on your property. The first concern is the fact that you have a storage tank on the property. The location of the tank will also dictate future issues and how they will affect you directly and indirectly.
A buried storage tank can be an easier issues to deal with in the fact that it is not seen or smelled and if there is leaking of the tank it will not be noticiblable. A leaking storage tank can pose issues if the property water supply comes from a personal well. If the tank is empty and there is no evidence of leaking then leaving the tank below ground is my advise. If you choose to remove the tank from a basement below concrete plan on spending $2500.00 $7000.00 to remove the fuel storage tank. You can see other repair/ replacement prices at ~ http://www.pinnaclepropertyinspection.com/repair-replacement-costs.html. This is where my clients from the Buffalo Grove home inspection went for pricing on issues in their home.
Fuel storage tanks that are located above ground are easily removed depending on where the tank is located. If you happen to have a fuel storage tank located above the ground I would advise you to have it removed if you were my client. The storage tank I found at the home inspection in Buffalo Grove was in a crawl space. This fuel storage tank was empty but there was evidence of leaking of oil. After calling a tank specialist my clients agreed to have it removed for $1200.00. There was a smell of oil in the crawl that could only be smelled in the crawl so removing this tank along with portions of the gravel in the Buffalo Grove home inspection would eliminate the smell and all issues.
Some people would run from a home with a storage tank? The Buffalo Grove home inspection was a great home even with a storage tank. By removing the fuel storage tank my clients got the home they wanted with no major issues to speak of.
If you are buying a home or building and you are nervous about what issues could come of having a fuel storage tank on your property please contact me at ~ http://www.pinnaclepropertyinspection.com/about-jim-kolke.html so that I can “talk you off the ledge” and point you in the right direction on getting your dream home.
Thanks for stopping by. Jim Kolke