Oil Tank lifespan?
"Mys Terry" wrote
The tank in my primary residence is in the basement and is easily 50 years
old.
I check it carefully about once a year, and it seems okay, but a
replacement
will only run about $1500, so I figure to replace it as a preventative
measure.
If it were to leak, the costs would rise substantially. This gives me an
opportunity to relocate it to a better spot (the wasted space under the
stairs)
in the basement. I'll pay a little extra to run the filler and vent to the
new
location, but it doesn't really amount to much.
Different areas mean different prices, but we will install a new tank (and
haul away the old one) for $900. HOWEVER! That means an above ground tank
(or one in a basement). If it's an IN-GROUND tank, you have to pay the price
for someone with a backhoe coming out and digging it out (plus disposal
fee).
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