When purchasing a home, many buyers focus on surface-level factors such as the condition of the roof, plumbing, or kitchen. But what if the biggest risk to your property lies buried beneath the ground? Underground oil tanks, commonly used for home heating, may be a hidden threat that could affect the safety, value, and environmental integrity of your home. Here’s why underground oil tank removal is so crucial.
What Is an Underground Oil Tank?
An underground oil tank is a storage container buried beneath the ground, often in older homes, used to store heating oil. These tanks were once a popular heating method, but with advancements in heating technology, many homes no longer use oil. Over time, the tanks can corrode and leak, causing potential damage to the surrounding soil and groundwater.
The Risks of Leaving an Underground Oil Tank in Place
Environmental Hazard
The most significant risk associated with old underground oil tanks is the potential for oil leaks. Over time, tanks corrode and weaken, especially when left unused. When oil leaks from a tank, it can seep into the surrounding soil and contaminate groundwater, leading to costly environmental damage. In some cases, contamination can spread far beyond the property, affecting local ecosystems and public water supplies. Soil remediation and clean up after a leak can be expensive and complex, but removing the tank can help prevent these issues from ever arising.
Health and Safety Concerns
Oil leaks don’t just harm the environment—they can also pose a risk to your health. The presence of petroleum products in the soil can create hazardous conditions, including inhalation of fumes or skin exposure to harmful chemicals. Over time, prolonged exposure to oil and related toxins may increase the risk of serious health problems. In addition to potential contamination, a leaking underground tank can cause structural damage to the foundation of your home, potentially making the ground unstable.
Property Value Implications
A property with an old underground oil tank is often seen as less desirable in the real estate market. Home buyers are increasingly aware of the risks associated with these tanks and may be hesitant to purchase a home that has one buried on the property. If the tank is not removed before selling, it could lower the home’s value or even delay the sale. In some cases, lenders may refuse to provide a mortgage until the tank is properly dealt with. Removing the tank not only protects the environment but also safeguards the long-term value of your property.
Potential Legal and Regulatory Issues
In many areas, leaving an underground oil tank in place can lead to legal liabilities. Environmental protection regulations may require homeowners to remove old tanks, especially if they are found to be leaking. If contamination is detected, the homeowner may be responsible for cleaning up the site and covering the costs of environmental remediation. By proactively removing the tank, you avoid the risk of running afoul of local environmental laws and incurring hefty fines.
The Benefits of Underground Oil Tank Removal
Prevents Leaks and Contamination
Removing an unused oil tank before it starts leaking helps prevent costly damage to your property, the environment, and your health. If you live in an area with aging oil tanks, removal reduces the risk of contamination and gives you peace of mind knowing your property is safe.
Enhances Property Value and Marketability
A home with no underground oil tank is more attractive to potential buyers. By removing the tank, you make your property more marketable and protect its resale value. Buyers can feel more confident knowing the property is free from potential environmental hazards.
Simplifies Home Renovation and Future Use
Removing an old underground oil tank opens up possibilities for renovation or land use without the worry of an outdated, unused system affecting future plans. Whether you’re planning a garden, building an extension, or simply improving your backyard, removing the tank makes the land more usable and safer.
The Underground Oil Tank Removal Process
Removing an underground oil tank requires specialized expertise to ensure safety and compliance with local regulations. The process typically involves the following steps:
Inspection and Assessment: A professional will inspect the property to determine the condition of the tank and whether it has caused any contamination.
Excavation and Removal: The tank is carefully excavated from the ground, ensuring that the surrounding area is not disturbed.
Disposal and Clean-up: The tank is properly disposed of, and any contaminated soil is remediated.
Soil Testing: After removal, the soil is tested for contaminants to ensure no further environmental risks remain.
Conclusion
While the idea of an underground oil tank might seem like a minor concern, the risks associated with it are anything but small. From environmental contamination to health hazards, property devaluation, and legal complications, leaving an old oil tank in place can lead to expensive problems down the road. Removing the tank not only eliminates these risks but also safeguards the future of your property.
If your home has an underground oil tank, consider having it removed by a professional to protect both your home and the environment. Proactive action today can save you a great deal of trouble—and money—in the future. Contact Simple Tank Services to schedule your service!