Homeowners Boost Their Home Value in Massachusetts by Removing Their Oil Tank
BOSTON, Massachusetts – In Massachusetts, many homeowners have old, unused oil tanks in the ground that are no longer in use. This can be due to various reasons, such as switching to electric or gas heating or simply not needing an oil tank anymore. However, these tanks can cause both safety and environmental hazards. These tanks have been disconnected from the home or heating oil fuel system and remain dormant underground.
In a bid to reduce risks of talk leaks, soil damage, and fire potential, new regulations have been introduced that require homeowners to remove any unused oil tanks from their properties. This has led to a surge in demand for oil tank removal services in Massachusetts.
CommTank, a Massachusetts oil tank removal service company, states on its website that “According to the Massachusetts Comprehensive Fire Safety Code 527 CMR 9.02, any tank that is permanently disconnected or not in use for a period of 24 months must be removed. An unused oil tank will be flagged as a code violation, during home sales or loan refinancing, by the mortgage company inspector.” Due to the new regulations, as well as the fact that old, unused oil tanks can significantly reduce the sales value of a home, there has been an increase in tank removals across the state.
Often times oil tanks can be difficult to identify, as they are buried underground and may have been in place for many years. Experts advise that the best way to determine if a property has an old, unused oil tank is to have a professional inspection. It is suggested that if an oil tank is found, it should be removed as soon as possible. This will help to prevent potential safety and environmental risks, as well as boost the value of the property.
Environmental groups support Code 527 CMR 9.02 as leaking tanks can require extensive soil damage and cleanup.
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