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Buying A House With An Above Ground Oil Tank FileA standard home inspection may not thoroughly evaluate an oil tank; you should hire a specialist to perform a comprehensive integrity test. Buying a home with an aboveground oil tank (AST) is generally lower-risk than one with a buried tank, but it still requires careful due diligence to avoid environmental liabilities and unexpected replacement costs. Essential Inspections : Look for "weeping" seams, heavy rust, dents, or oil staining around the base and legs. buying a house with an above ground oil tank : While leaks are visible, an uncontained spill can still reach groundwater or neighboring properties, costing between $20,000 to $90,000+ for remediation. : Steel tanks typically last about 20 years. If the tank is older, experts often recommend immediate replacement rather than testing. A standard home inspection may not thoroughly evaluate : Outdoor tanks are exposed to snow, ice, and falling branches, which can damage lines or cause "gelled" oil in extreme cold (below 16°F). Buying a House with an Abandoned Oil Tank - GreenTRAX, Inc. : Even if the current tank looks clean, testing the soil underneath is critical to ensure no previous tanks leaked in that same spot. : While leaks are visible, an uncontained spill : The tank must sit on a solid, level concrete pad. Uneven legs can lead to stress fractures or a catastrophic collapse. A standard home inspection may not thoroughly evaluate an oil tank; you should hire a specialist to perform a comprehensive integrity test. Buying a home with an aboveground oil tank (AST) is generally lower-risk than one with a buried tank, but it still requires careful due diligence to avoid environmental liabilities and unexpected replacement costs. Essential Inspections : Look for "weeping" seams, heavy rust, dents, or oil staining around the base and legs. : While leaks are visible, an uncontained spill can still reach groundwater or neighboring properties, costing between $20,000 to $90,000+ for remediation. : Steel tanks typically last about 20 years. If the tank is older, experts often recommend immediate replacement rather than testing. : Outdoor tanks are exposed to snow, ice, and falling branches, which can damage lines or cause "gelled" oil in extreme cold (below 16°F). Buying a House with an Abandoned Oil Tank - GreenTRAX, Inc. : Even if the current tank looks clean, testing the soil underneath is critical to ensure no previous tanks leaked in that same spot. : The tank must sit on a solid, level concrete pad. Uneven legs can lead to stress fractures or a catastrophic collapse. |
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