Bruce McCallum, REALTORĀ®

Homes In Victoria

 
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Do you have oil heat in your home? Did you at one time have an oil furnace?

 

If the answers are 'yes', 'maybe' or 'I don't know' you should be aware that there might be a buried oil tank on your property and it might be contaminating the surrounding soil if it wasn't decommissioned properly.

 

Bottom-line, the home owner and all previous owners of the subject property might be on the hook for any environmental damages and related costs. And the costs can be significant.

 

What to do? First, find out any history of your home's heating system from your municipality or the local fire hall. If there's no history, contact a scanning company that uses metal detection and/or ground penetrating radar to search the property. If a buried tank is found, the best strategy is to remove it and make sure the surrounding soil is not contaminated. By doing so, you might avoid large remediation costs in the future.

 

For more detailed information on this subject, go to:

 

http://waterbucket.ca/wscblog/2014/11/18/communities-need-to-work-harder-on-preventing-catastrophic-failures-that-damage-watersheds-and-become-very-costly-for-homeowners-to-mitigate-says-tim-pringle/

 

If you are planning to sell your property, all of the above still applies; you might still be on the hook even after the new owners move in.

 

Contact me if you would like more information @ 250-477-7291

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