The Hidden Dangers Lurking Underground
If you’re a homeowner, the idea of an oil tank buried in your yard may seem like a foreign concept. After all, most people opt for an aboveground tank for their heating oil needs. However, for homes built before the 1970s, underground tanks were the norm. If you’re in this category, you may have a ticking time bomb beneath your lawn without even knowing it.
The Environmental Risk: Leaks and Spills
Underground oil tanks are notorious for corroding and rusting over time, causing leaks and spills that can be disastrous for the environment. These leaks can contaminate soil and groundwater, leading to expensive clean-up efforts and dangerous living conditions. Even if there hasn’t been a noticeable leak, an abandoned oil tank can still pose a risk. Over time, water can enter the tank, causing sediment buildup, which can lead to rust and corrosion. Discover additional information and new viewpoints on the subject by checking out this external resource we’ve chosen for you. oil tank removal Cost, enhance your comprehension of the subject covered in the piece.
The Financial Risk: Decreased Property Value
If you’re planning on selling your home, an underground oil tank can be a major deterrent for prospective buyers. Most buyers don’t want the hassle of dealing with a potential environmental problem or the cost of removing the tank. As a result, homes with underground oil tanks typically sell for significantly less than those without them. In fact, some lenders won’t even finance a home with an underground tank, making it even harder to sell.
The Legal Risk: Non-Compliance with Regulations
Most states have regulations in place when it comes to underground oil tanks. Depending on your location, you may be required to have your tank tested or removed before selling your home. Failing to comply with these regulations can result in hefty fines and legal fees.
The Personal Risk: Health Concerns
Though the risk of explosion is relatively low, it’s not nonexistent. An abandoned oil tank can pose a significant fire hazard. In addition, the fumes from an abandoned tank can be harmful to your health. If you’re not sure whether or not you have an underground oil tank, you should contact a professional to inspect your property.
Conclusion
Ignoring an underground oil tank won’t make it go away. In fact, it can lead to serious financial, environmental, legal, and personal consequences. If you suspect you have a buried oil tank, don’t hesitate to take action. Contact a professional to help you determine the best course of action for your specific situation. Explore the subject more thoroughly by accessing this external website filled with pertinent information we’ve organized for you. home heating oil tank removal https://www.commtank.com/services/oil-tank-removals-ma/!
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