All houses built before 1984 have asbestos in some form. Because so many houses have it, it usually does not become a resale problem.
If the buyer knows an asbestos roof, they will use it to bargain against the vendor. It all depends on the condition of the roof-painted or unpainted, if unpainted, is the house in suburbs of near industrial area or freeway? Also the appearance and is a rain water tank attached?
If intact, asbestos isn't a problem. It is only a problem when it is disturbed/starts to deteriorate, i.e., when the fibres become airborne that you need to start to worry about asbestos.
Handling & Removal:
1. make sure that your contractor deals with asbestos "the correct way" , i.e, wets it downm, doesn't use power tools, wears the correct personal protective equipment and disposes of it correctly (i.e. not in the local river....its been done)
2. Informing the neighbours when you are removing it, because depending how media savy your neighbours are, and whether people are concerned about asbestos . It can get problematic after the fact, if you have a complaint.
3. The cost of asbestos is more like $10k. Make sure the removalist are licenced to do it and vacuum out the roof space.
Also a good idea to check with an asbestos auditor.
Source: mentor.propertyinvesting.com
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