When selling a home, one of the biggest potential home buyer turn-offs is buying a house that takes on liability. Underground oil tanks, aka underground storage tanks (UST), are the definitions of debt in real estate. Underground oil tank removals have been shrinking this outdated heating method in New Jersey for several years, yet there are still tens of thousands of USTs that remain, primarily in the older neighborhoods throughout New Jersey. The removal of an underground oil tank will not only increase the value of your home but will eliminate the many dangers that come with this type of heating method.
Underground oil tank removal services, is it my best option?
With considerable health and environmental risk as well as the liability aspect, removing your underground oil tank will be your best choice. Once the norm in the early and mid-1900s, USTs have been dubbed a petroleum time-bomb, waiting to explode.
How do I know if my property has a UST?
Look for pipes in your basement or yard. Check for any slopes or depressions in your yard from the soil packed above a UST. A typical metal detector can help to find a shallowly buried oil tank.
What is the primary concern with oil tanks?
Because it has a high chance to leak, USTs pose a significant danger to homeowners, their neighbors, and the environment.
What causes underground oil tanks to leak?
The leading cause of UST leakage usually has to deal with how old the tank is and the material (bare steel) used.
Common causes for tank leaks:
- Cold weather
- Lack of Maintenance
- Tank overfilling
- Cut lines
- Cracked pipes
- Corrosion of pipe fasteners
Common issues from tank leaks are:
- Surface and groundwater contamination
- Contaminated soil
- Indoor air pollution
- Potential for fire and explosions
- Possible lawsuits from neighbors and possibly the city
- Staggering cleanup costs
What is your oil leak risk?
Knowing the age of your underground oil tank will help you assess the probability of a leak. Any documentation from the previous owner can also help with evaluation. A UST over 20 years old will have some corrosion. Those made before the mid-’80s will have significant corrosion and possibly leakage or soil contamination.
What are the warning signs I should look for when dealing with an underground fuel tank?
The hazards of USTs, shielded by its burial, can go years before a problem is detected. But, there are some signs that you should be aware of:
- Your water develops a strange taste, odor, or color.
- There is dying vegetation in the range of a tank.
- An area of soil is darker than the surrounding native dirt.
- Heating oil odors in the house or coming out of the ground.
Underground oil tanks not only devalue your property but compromises the health of your family, your neighbors while also damaging the neighborhood environment.
Removing your underground storage tank is a dangerous undertaking. The risks and costs associated with this type of process are for reputable, insured, and compliant companies.
Oil Tank Solutions can assist you with the removal of your underground oil tank with an efficient and cost-effective process. For more info on how we can help bring more value to your property, contact us or call 908-219-6521.