When a house is built with asbestos, the price will go up
Buildings with asbestos are more expensive than other types of construction materials.
If a house uses asbestos, it is worth more because of the added cost of materials, according to a new report.
The Associated Press reported that the construction materials industry has been “frozen” since asbestos was added to the building code in 1999.
The industry was not required to notify homeowners when the addition of asbestos was allowed in the code, and so many of the buildings were built with the building material that they had no way of knowing what asbestos was, said Tom Stolzenberg, an environmental attorney at Earthjustice.
Stolzenberger said the cost of asbestos could potentially make the construction industry “very vulnerable” to lawsuits if asbestos is found to be a health hazard.
“It would be a massive liability, but it would be much less than the cost that it would have been otherwise,” he said.
“In a normal, healthy society, you’d expect to see a higher burden of proof, and if there was a significant difference, that would be the case.”
The AP reported that in 2010, the National Association of Home Builders and Associations reported that only 3.4% of new building materials used asbestos, compared to 21.6% of non-asbestos materials.
In 2016, the U.S. Centers for Disease Control and Prevention estimated that asbestos use in construction materials was likely up to one in five homes, with more than 100 million homes being built each year.
Stole by the home buyers’ marketStolen by the sale of homes by real estate agents, real estate brokers and builders who are not registered with the federal government, home builders are also at risk.
The AP report found that builders, who account for approximately 80% of all builders, were the prime offenders.
The builders, like the others, use asbestos-containing materials to construct their homes, and many of these materials are sold in the form of home building materials.
The home builders’ industry is a $200 billion-a-year business, according the report.
The real estate industry, which employs more than one million people in the United States, accounts for another $60 billion a year in revenue.
Stolen homes often have no asbestos insulation, and often have not been inspected for asbestos.
When a home is built using asbestos, its cost will increase because the materials are more difficult to detect, the report said.
A homebuilder who is not registered can be charged $1,000 for each home that has asbestos.
Home buyers who can afford the $1 and $2 fees can still get a refund.