Seller Disclosure Includes Radon Mitigation System

Added June 15, 2006 by Ilyce R. Glink

Summary: What should you look for when you're considering purchasing a home with a radon mitigation system? A radon mitigation system is installed when high levels of radon are found in a home. Having a radon mitigation system may 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.

June 15, 2006.

See more articles on this topic by clicking on the "RELATED ARTICLES" above and to the right.

We have over 5000 articles on Real Estate Advice, Personal Finance Advice and Consumer Advice on our site. We encourage you to look at these articles. As always, if you have a comment on our articles, don't forget to post your comment below. We thank you for coming to ThinkGlink.com.

© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.

Rate this article

  • Average rating of 5 from 2 readers

Comments

No comments have been posted.

Post Comment

*Required Field



Signup for our newsletter

Visit The Blog

Latest blog posted on 11/15/2009

Ilyce Glink Show Notes - Novem...