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What is the first think that comes in your mind when you find an oil tank buried on your property? If it is oil tank removal, you are on the right track. If you take it lightly, then you need to think broadly. There are multiple reasons why you should remove an oil tank from your property.
Let us have a look at the various factors you need to know for oil tank removal in New Westminster.
Determining the Cost Factor
Homeowners who have found an oil tank buried on their property generally feel worried about the cost of oil tank removal in New Westminster. Every time, it is not necessary that an underground oil tank removal will hit your budget. The cost depends on various factors including the size of the oil tank, accessibility, fees and permits.
Locating the Oil Tank
If you home was constructed between 1950 to 1 970, there is a good chance that your home was heated with oil. The first sign that indicate is a capped vent pipe peeping out of the ground and running up the side of your residence. It may have been removed. However, the tank may still found buried. You should inquire with your local authority to check if there is any record that suggests the existence of an oil tank removal or previous installation.
Reasons of Oil Tank Removal
If you have ever thought of selling your home, complete revelation of the presence of an underground oil tank will be mandatory. The existence of an underground oil tank will be a matter of concern for the potential buyer and lender. If a buried oil tank is found upon inspection of the property by the lender, they will need a certification stating that the oil tank was removed and complies with the guidelines of local authority before the bank will lend money.
Besides, many insurance companies will not be ready to insure your property till the buried oil tank had been removed because of the liability reasons.
Risk Associated with Oil Tank
Leaving an oil tank without abandoned always involve risk. Soil contamination starts form a rusty, oil tank is a big risk. Oil has the potential to extract into your property’s soil and of your neighbor. Remediation could cost you thousands of dollars if not taken seriously. Over time, if your oil tank starts leaking, it may contaminate the soil.
Time Required for Removal
Once you are determined for oil tank removal, you might be worried about the time that it takes for the removal. Removing a tank will usually take one day until there are no surprises. Backfill will require an extra day.