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How important are radon mitigation and seismic upgrades in the SE Portland, Oregon market?

We are in the process of updating our mid-1950s, 4 level home from the ground up. We started just before the housing bubble burst and immediately lost about $100,000 in value.  Should we install a radon mitigation system and rebolt the house to the foundation?  Our radon level tested at moderate, and a prior owner sheared off the foundation bolts in 1970s basement remodel. What is the likely cost, and are we likely to recoup it when we sell?  We live in a nice neighborhood (Cherry Park), but property values continue to be depressed due to the surrounding Hazelwood area demographics.  We are not underwater on our mortgage, but close enough that we are reluctant to spend money we don't really need to spend.  The plan is to continue living here for another 10-15 years before selling and moving to a smaller home. Thanks for any help you can provide.
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June 05 2013 - Hazelwood
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Radon levels that "fail" home inspections should be fixed. If you don't chances are the buyer will require that before closing anyway. I believe the level is 4, anything less will "pass" and you don't have to do it. This will not add value to the home but will be seen as a requirement (by most buyers) for selling.

Sometimes the home inspector calls out the foundation bolts missing or not, and sometimes they don't. This one is up to you. If you do install the bolts have a foundation expert review the home and write something up so you can share this with the potential buyer and avoid any potential buyer concerns. Again, this will not add value to the home, but may be considered necessary by a buyer.

Best of luck with your plans!
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June 05 2013
The first and most important question is "Are you happy living in a home with a "moderate" radon level for the next 10-15 years?"

I would not decide whether or not to install a mitigation system based on a sale that is 10-15 years out.  That's enough time for standards to change and mitigation technology to become cheaper.  I don't know that either of those will happen, but 10 years is a long time.

Zillow won't let me post the links here, but if you will go to my web site you will find a blog entry on radon that also has links to EPA and other resources.  You can find my web site by clicking on my face. 

Finally, the neighborhood has almost nothing to do with it.  It really is house by house.  I am representing a buyer in a purchase in a Portland zip code that has a higher than average number of homes that exceed the 4.0 level, so my buyer elected to have it tested ($100).  It was in the lower 2's.  Next door or across the street could be completely different.  Seems crazy but it's true.
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June 05 2013
 
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How important are radon mitigation and seismic upgrades in the SE Portland, Oregon market?
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June 05 2013 | 2 answers
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