Residential Oil Tank Scan: Why You Should Scan Before Selling Your Home
The home selling process is long and stressful. A single misstep could see you hurtling back toward square one. If you’re selling your home, you’ve likely already started thinking about aesthetic improvements to increase your curb appeal. Some of those actions include power washing the home, painting, and landscaping. But there are a number of actions that home owners must take the ensure that their house is ready for sale and free of any problematic issues.
One such measure is a residential oil tank scan. While underground oil tanks cannot be seen, problems that arise within them can be costly and lead to a potential home sale falling through.
But what is a residential oil scan? Why is it so important for the home buying process? What potential issues could arise if you fail to scan your residential oil tank before selling your home?
Third Party Requirement
Most banks require there to be a residential oil tank scan prior to the approval of a home loan. This is in keeping with a bank’s right to demand a full home inspection before approving a mortgage. They want to be sure that there’s nothing harmful happening beneath the soil.
It will make the home selling process move by at a much faster pace if you have the results of a scan ready to go for your potential buyers.
What’s more, many real estate agents request that a tank scan be undertaken before they agree to list and sell a property. These professionals want to make sure that the house is sellable before they sink their time and effort in on it.
You are Liable
Oil tanks can cause extreme damage to the property and to the environment surrounding it. As the owner of that property, you are responsible for damages that occur as a result of your home’s equipment. If your pool leaks and floods your neighbor’s yard, you’re responsible. If your oil tank leaks and pollutes the entire area, you are also responsible.
If you somehow manage to sell your home without performing a scan and the new buyer discovers after taking possession that there is an issue, you could be vulnerable to a hefty lawsuit.
Dangers to Health and the Environment
It should come as no great shock that a leaking oil tank is a huge environmental hazard. When oil seeps into the ground it can negatively impact the property of your neighbors and contaminate nearby supplies of water. Soil and groundwater specifically could see extreme damage. Once your tank has infected the nearby area, you’re looking at a massive cleanup bill, potentially reaching millions of dollars.
Imagine the hassle of removing the tank and disposing of ruined soil. That’s not a cheap venture and the entire weight of it falls directly on your shoulders.
If oil vapors are seeping out of the tank, they could enter a building and start a fire. On top of that, they can negatively impact the air quality of the home, leading to nausea and respiratory diseases.
What are the Causes of an Oil Tank Leak?
There are many reasons why an oil tank might leak. Understanding what they are could help you realize why regular scans are important, both in times of a pending home sale and beyond.
First off, you want to take the age of the tank into consideration. Older tanks have a tendency to decay, and as materials erode, leaks become possible.
There are many mechanical failures which could contribute to the deterioration of your tank. Faulty valves are just one of the many potential problems.
The installation of your tank has to be taken into consideration as well. A bad installation can lead to bad performance, up to an including leakage.
Overfilling is another area in which your underground oil tank might start to leak.
Signs That Your Tank is Leaking
If you’re planning on selling your home, you might want to look out for a few telltale signs that there is something fishy going on underground.
Leaking oil tanks leave a slew of evidence behind. The first and most telling sign that there’s something wrong with your oil tank would be a strong oil smell in the area. The spot around the residential oil tank might have a distinct smell when no issue is present, but if you move away from the tank’s location and the smell persists, chances are there is a problem.
Check your storm drains or drainage ditches for oil deposits. Even the presence of an oily sheen could be symptomatic of an oil leak.
If your drinking water tastes or smells funny, then you might have an issue with oil leaking into your groundwater.
Another sign of an underground oil tank leak is a lack of vegetation. If the area around your tank’s location is completely dead, there has to be a reason. If you notice patches of dead grass forming, there may be a serious issue underground.
Get A Residential Oil Tank Scan Before You Sell
If you want to ensure that the home selling process goes as smoothly as possible, it’s important to make sure that the home you’re selling Is free of major issues. A residential oil tank scan is one very important piece of that puzzle.
Mikula Contracting is a fully insured and certified oil tank scanning company, serving residential properties throughout the State of New Jersey. If you want to take advantage of Mikula’s more than 70 years of high-quality experience, call us today at 973-772-1684, or visit us online for more information.
What Is An Oil Tank Scan And Why Would You Need One?
You are purchasing a new home. Are there any hidden dangers you should know about? How can you be sure? A home inspection is always a necessity to check for obscured issues such as the condition of the roof and a faulty heating system. However, what about the potential problems that could be located outside? One of the biggest is buried oil tanks. With an oil tank scan, also known as an oil tank sweep, you can avoid this hidden danger.
When you perform a search on the phrase “underground oil tank leak” you will find numerous tales of disaster from unsuspecting home buyers who found themselves on the wrong side of this problem. To prevent this from happening to you, an oil tank scan is necessary. If you are unsure about whether you need one for your home or property, read on.
What Can Cause a Leaking Oil Tank?
- Age of the tank
- Improper installation
- Corrosion of materials or fuel lines
- Mechanical failures such as faulty valves
- Overfilling
Why You Might Need an Oil Tank Scan
A tank test may not be enough – a tank sweep typically uses a metal detector to search for underground metals. However, there is metal underground in most areas. This could include abandoned license plates and metal trash, which could mask the presence of a buried tank. And remember that you get what you pay for. Low-cost sweeps will give you low-quality results. Also, even if this locates an underground tank, it will not tell you if that tank is leaking oil. There are also soil tests to ascertain whether oil has leaked but the soil underneath the tank should be tested for the best results. A sweep often uses ground penetrating radar (GPR) or electronic imaging.
- Bank and mortgage requirements – in order to approve your home loan, many banks and mortgage companies insist that an oil tank scan be performed. In addition, real estate professionals often require a scan be done before they will agree to list and sell a property.
- Liability – in other words, if it’s your property then it’s your problem. You are responsible for any and all damage, cleanup and potential lawsuits that result from a leaking oil tank. Local construction permits may need to be obtained and a certified laboratory must test the soil to ensure cleanup methods are successful. Groundwater investigation and cleanup might also be necessary.
- Environmental damage – leaking oil tanks can cause trouble for the nearby water supply, aquifers and other neighboring property. It could also damage the soil and groundwater. The price for cleanup can run into the millions. Soil disposal is often the biggest part of the budget. Cleanup could include removing the tank, disposal of contaminated soil and following the numerous rules and regulations in your state regarding site remediation. It is also advised that you follow the American Petroleum Institute’s guide for best practices. Only a trained professional excavation company should be trusted to handle the matter.
- Fire hazards – sometimes it’s not oil that is leaking from an underground tank, its vapors. This can create a hazardous situation because it could lead to combustion and fire when it gets into buildings.
- Health concerns – home heating oil contains many ingredients that are known carcinogens. Leaking vapors can cause numerous ailments such as nausea and respiratory diseases. Your local health department might also have to be called in.
- Insurance may not protect you – your insurance company will expect prompt notification of an underground oil tank problem but that’s no guarantee that they will help you recover any associated costs. Cleanup efforts can cost $4,000 to $15,000 or more, depending on the extent of the leak and subsequent damage. There could be financial assistance available from your state but only if you meet eligibility requirements.
- There is too much at stake – if an oil tank leak is discovered, there is often no way to determine how long it has been leaking. So many different organizations and agencies will need to be called, and you will lose track. In addition, it can affect the value of your property, making it more difficult to sell in the future. This is not something that should be left to chance.
How Do You Know if an Underground Oil Tank is Leaking?
Oil heating tanks in general can be hazardous. Even above-ground tanks can leak. The difference is that these tanks can be easily inspected and leaks are often visible so they can be repaired before any major damage occurs.
A majority of underground oil tanks are constructed of steel. When steel is placed underground, it might have an adverse reaction to the soil around it. After years of being buried, corrosion can happen.
Underground tanks are designed to hold between 250 to 1,000 gallons of oil. Oil tank leaks typically start out as a small hole. Leaks can extend 10 feet or more below the surface. If the problem occurs because of the fuel lines, it might be possible to fix it. Regrettably, if the underground oil tank itself is leaking, it cannot be mended. The only solution is to remove it and deal with the cleanup. There are several signs to look for.
- Lack of vegetation in an area with no other known cause - An environmental contractor should be called in to perform an oil tank scan.
- A strong oil smell could signify a leak - While it might be normal to smell oil around your oil tank, having these odors in unidentified areas could be cause for concern.
- Drinking water problems, like weird tastes or odors, might indicate groundwater issues - This is especially significant if you get your water from a well.
- The presence of oil or an oily sheen in storm drains as well as nearby drainage ditches and streams is a serious matter.
When you have a home inspection, don’t forget to request an oil tank scan. In some areas, it’s required.
Contact a qualified excavation company like Mikula Contracting. We use state-of-the-art equipment to perform a thorough scan of your property for your protection and peace of mind.
Check Out These Oil Tank Removal Frequently Asked Questions!
10 Important Things to be Aware of Before you Buy a Home
So you are ready to purchase a new home. Congratulations. Whether you are a first time buyer or have been around the block a few times, there are several key facts you need to consider before signing on that dotted line.
When you purchase a new home, you probably think hard about things like whether it has enough space for your entertaining needs or what the neighbors are like. However, there are also bigger issues that must be included in your decision making process.
1. The pros and cons of buying versus renting in your area.
There are numerous benefits and headaches with each choice. Sometimes, based on the market and the economy, it’s better to wait. You also need to think about the return on investment and how much home you can afford. Also, if your potential mortgage would be more expensive than what you pay in rent, you may want to recalculate your finances and save for a while longer. The area where you live can also be a factor, as home prices might be vastly different from one area to the next. How long you plan to stay in the home could also contribute to your decision.
2. How the mortgage process works.
Where will you get funding? How will the amount of your down payment affect your mortgage? Buying a home can feel like you are signing your life away, especially if you’ve never done it before. Many different terms are thrown at you and lots of people with various titles will come along and offer to help you. This is on top of all the legal and real estate issues you must contend with. Know your rights and get the best advice before embarking on this confusing process.
3. Learn as much as possible about the home and don’t be afraid to walk away.
In the search for your dream home, you may find a house that you really love. When that happens, you might feel like you will do anything to get it. Even in a house that seems perfect on the surface, there could be issues lurking underneath. Basements, foundations and drainage issues must be thoroughly checked. If possible, get an inspection after it rains so you can really see what’s going on. Among other questions you may want to ask include how long the home has been on the market, typical cost of utilities and whether there is a homeowner’s association. You don’t want to purchase someone else’s headaches so if you find something that’s not right, walk away.
4. You might have to make some difficult choices.
If you are selling your current home and buying another, one may happen faster than the other. This could mean finding temporary housing to make room for the new owner or settling on a home that is less than ideal. Also, there might be repairs that have to be made on your new home. For example, you could face issues with sewer lines or it may require an oil tank or pool removal. These might be items thatthe seller won’t pay for. Therefore, you would have to decide if it’s a project you want to take on as a DIY or to hire a professional contracting service.
5. Keep all money matters in mind at all times.
The decision to buy a new home is exciting. However, don’t get so caught up in the thrill that you forget to get your finances in order. Down payments, credit scores and closing costs are all factors that will affect what you pay and how much you need to save. Experts recommend buying less house than you can afford to avoid becoming house poor. Also, it’s best to get pre-approved before you go house shopping.
6. Beware of money pits.
You may remember the 1980s Tom Hanks/Shelley Long film called The Money Pit, where a couple purchases a huge home for a ridiculously low price and then discover why it was so cheap. Everything that can go wrong with a house does, in hilarious fashion. While the movie was funny, it’s no laughing matter when this happens to you in real life. Some of the items you should look out for include a roof that needs replacement, an old electrical system, cracks in the foundation and water stains on the ceiling.
7. Don’t rush your decision.
Your home is likely the most expensive purchase you will ever make. It’s vital to take your time. Shop around for the best mortgage rates and homeowner’s insurance. Don’t let anyone pressure you into making an immediate decision.
8. Use an agent.
Some people believe that real estate agents are not worth the money and they can handle everything on their own. The truth is that agents understand the process better than you. Make sure you choose an agent accustomed to dealing with clients in your area and income bracket. A buyer’s agent will answer only to you so he will negotiate to get you the best deal.
9. Overlook the small stuff.
Don’t let little things like paint colors in the bathroom or light fixtures in the kitchen sway your decision. It’s unlikely that the seller will match your exact tastes and choose the same cosmetic features that you would. Instead, look at things like the flow of the house, the size of the rooms and that it has enough outdoor space to fit your lifestyle.
10. Think long term.
Everything about your new home will not always be picture-perfect. Whether it’s something that goes wrong or remodeling projects to make it better fit your current lifestyle, eventually, all homes require some amount of work. This is easier when you have the right contractors already lined up. Look for companies with extensive experience and the proper certifications and licenses.
For demolition, disposal, drainage, excavation and trucking and material delivery, you can trust Mikula Contracting. We handle ground, land and backyard drainage as well as rainwater and standing water drainage and surface drainage systems. We service Essex, Passaic, Hudson, Bergen, Union and Morris counties. Call today for a fast quote.
Oil Tank Removal: The Most Frequently Asked Questions
Oil tank removal- it's important to ask the right questions.
Residential and commercial oil tanks have always been an efficient, cost-effective method for heating your home or business. The advantages have been well known for years. Still, there are also numerous cons to owning one, making oil tank removal a smart option.
There are many reasons why you may want to remove your oil tank. Perhaps it has become old and unsightly. Maybe you are tired of the excessive maintenance that is required. It could just be environmental concerns. You could be selling your home and you want to make sure that your oil tank is not going to be an issue. The bottom line is you want to remove your oil tank. However, there are some important questions you must ask first.
Why oil tank removal may be necessary
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The rising price of fuel
You can get an oil tank for less money than a gas furnace. On the contrary, you will pay more for the actual fuel. With all the political and global upheaval, the price of oil is quite expensive and it rises steadily each year.
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Constant upkeep
A leak in your oil tank can be disastrous. That’s why it’s vital to perform periodic checks to ensure the oil tank is working properly. The problem is that your oil tank may not be conveniently located, making upkeep a major nuisance. If you need to replace it, this could involve extensive disturbance to your basement or yard.
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Aesthetics
Let’s face it. Oil tanks are not exactly attractive. It can look unpleasant whether it’s occupying a large space in your basement or a conspicuous spot in your backyard. This can be a particular concern if you are selling your home and trying to attract buyers. In fact, some homeowner’s insurance companies are now refusing to cover homes with underground oil tanks.
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Harm to the environment
Oil is not the cleanest type of fuel and there are many concerns about burning oil and its effect on the air we breathe. An oil tank leak can cause significant damage to the surrounding soil and water for not only your home or business but the neighbors as well.
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The need for professional assistance
In most cases, if you have a problem with a gas furnace, you may be able to troubleshoot the problem yourself. The same is not true for an oil tank. For regular maintenance, installation and repairs, you need to hire a licensed professional to handle this toxic substance. There is also legal documentation and procedures that must be followed when dealing with an oil tank.
Questions you must ask when considering oil tank removal
Can’t I just fill the area with sand and forget about it?
While this was once considered a safe way to deal with underground oil tanks, today we know better. Years ago, oil tank failure was rare. Now, with these tanks getting older, it’s becoming more common. Filling the tank with sand can be very costly and time-consuming as well since you have to dig and then refill the hole.
Is it possible to receive assistance in paying for oil tank removal?
There are grants available to help with the cost of oil tank removal. The Environmental Protection Agency has a program to assist with this task as well. There are grants you can apply for online. Your insurance may cover some of the cost for expenses. The cost could range from $5,000 to $10,000 or more.
Does oil tank removal take a long time?
In most cases, an old oil tank can be removed in one day. A new tank can typically be installed in one day. If you opt for a new oil tank, an above ground model would be your best choice because you can maintain or repair it with less effort.
What happens if a leak is discovered during my oil tank removal?
This is reason for alarm. If your oil tank is found to be the source of ground or water contamination, the consequences and liabilities can be enormous. How it is handled will depend on the size of the leak and whether the oil has reached the groundwater. Grants and loans may be available to help cover the cost of oil tank removal and cleanup.
If the oil tank is not leaking or causing problems, can’t I just ignore it?
Abandoning an old oil tank is simply delaying the inevitable. Of course, there are different kinds of oil tanks, but if it is old, it may be one of the single steel wall types, in which case the question is not if it will leak but when. Corrosion and rust can breach the shell and leak petroleum into the ground. Even if the tank itself is okay, the piping leading from the tank could also be a concern. If you’re not going to use it, it’s best to have it removed before trouble occurs. Waiting will likely cause you to pay extra.
The house I want to purchase has an oil tank. What should I do?
If you don’t want the oil tank, it might be a smart idea to ask the seller to remove it prior to purchase. In the event that this is not possible, you should factor the oil tank removal into your bid. On the other hand, if the oil tank is the primary source of heat for the home, make sure you have it tested by a qualified, licensed professional prior to closing to ensure it’s in good working order. Also, check to see if the oil company offers insurance on the tank but be sure to carefully read and understand any limitations and exclusions. If they find a leak, the seller will be responsible for the costs or any removal or cleanup. Seek legal advice before making any final decisions.
What is the process for oil tank removal?
A technician arrives and takes measurements, checks how much oil you have left in the tank and provides a cost estimate for removal. All relevant paperwork must be completed and filed and your town issues a permit. Utility companies will be contacted to ensure lines are well marked to prevent damage and disruption from digging. After they remove the tank, an inspector visits to determine whether any oil leaked. If you receive a green light, then the area will be filled and covered with grass seed or hay. If a leak has occurred, appropriate steps will be taken regarding any cleanup activities or fines.
How can I choose the right oil tank removal company?
Make sure that the company you choose is reputable and has a long history of success. This is not the type of job for the inexperienced, amateurs or someone working out of his home. The company should have its own equipment, personnel, and insurance. It’s also vital to check licensing.
Contact Mikula Contracting today to discuss your oil tank removal!