Radon Mitigation System
REM #A703
By Ilyce R. Glink
Summary: A reader has written to Ilyce about purchasing a home with a radon mitigation system. A system like this is installed when high levels of radon are found in a home. Ilyce explains how this system will change the resale value of the home.
Q: Does having a radon mitigation system affect a house's future resale value?
I've been looking for (and unable to find) statistics or information on the impact of radon/radon mitigation on home resale values. A potential house purchase rests on this information!
A: The fact that there is a radon mitigation system means that the ground underneath
and around the house contains high levels of radon – which is potentially
damaging for people, especially young children.
Having a mitigation system means that at some point the level of radon inside
the property was high and the system was put in place to reduce the levels of
radon. If the system fails for some reason, and you aren't aware of it, you
could be at risk – and you wouldn’t even know it until it was too
late.
What I think you're facing going forward is a battle over perception. Will future
buyers perceive that this property has less worth than a house without a radon
issue? Perhaps. It depends on what’s going on in the whole neighborhood.
There are neighborhoods where radon is quite prevalent and radon mitigation devices may be in many homes. In this case, a radon mitigation system probably wouldn’t affect property appreciation.
A properly installed and maintained radon mitigation system should keep radon levels low and should not pose a problem to the people living in the home. If you buy a home in this neighborhood, you can always do a simple test each year to make sure the radon levels stay low.
However, if your house is the only one with a radon mitigation system, then it could affect your property’s appreciation going forward. If this is the case, and you are choosing between two homes, one with a radon mitigation system and one without, you might then want to consider the home that does not need the system.
Even if there is a nominal level of radon in the property, the fact that it
exists in the ground could be enough to cause many prospective buyers to take
a pass on your property. With less interest in the property, you wouldn’t
get the same level of appreciation as in other properties that don’t have
this problem.
Don’t forget, disclosure laws will require you to disclose the radon mitigation
system when it comes time to sell this house.
NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.
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