3 Serious Downside Of Having An Underground Oil Tank

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August 14th, 2020

Underground oil tanks are a rather common fixture that can be found on older properties. This comes as a result of greater dependence on furnace oil-fueled heaters back in the day. But as the years have gone by, those tanks have been more or less abandoned. Since they are underground and not easily seen, they also tend to go forgotten for years. This can cause them to deteriorate and cause damage to your property. Read on as we discuss three more downsides to keeping your underground oil tank around.

Soil Contamination

After a couple of years, most if not all oil tanks gather rust and eventually corrode. Since these tanks are stored underground, there is no sure way to tell when they will begin to leak. Oil leaks can easily contaminate your property’s soil, which could spell danger for the plants and natural flora growing on your property.

In more severe cases, those leaks could flow into your neighbors’ properties as well. If your neighbors are able to discover that their contaminated soil is caused by your property’s underground oil tank, there is a chance that they will hold you liable for the damage done to their property.

Groundwater Contamination

Oil leaks can also contaminate your property’s groundwater. This may become a serious safety hazard for you and your family as this factor could affect the quality of your home’s drinking water as well. Much like with soil contamination, oil leaks can negatively impact the groundwater of the households and other establishments near your property.

To avoid those scenarios, simply have the oil tank removed and consider getting an above-ground oil tank instead. We highly recommend calling a professional oil tank removal company to ensure that your home’s underground tank is removed with utmost safety.

Property Value

Whether or not there is a leak in your home’s oil tank, having one buried underground could likely drive down your property’s market value. Realtors are aware of the risks that come with underground oil tanks, and a lot of them choose not to bother with properties that have them. If you are looking to sell your property within the next couple of years, having your underground oil tank removed may be a wise option.

Letting the underground oil tank on your property stay there and allow it to mess with your property’s surroundings can only lead to bad things. As soon as you identify an underground oil tank in your front lawn or backyard, do not hesitate to remove it or have it removed.

Removing an oil tank can be tricky to do on your own, so it is best to turn to professional help to assist you in getting it off of your property. For that sort of task, look no further than Meridian Environmental Services Inc. We are a consulting and contracting company offering oil tank removal and site remediation services for residential and commercial clients alike. Contact our team today to learn more about the solutions we can provide.