Most residential tanks are made of steel, which naturally corrodes over time. If a tank leaks, the current property owner is typically responsible for the cleanup, regardless of when the leak started.
A buried tank is a major "red flag" that can scare away buyers and decrease property value. Future resale may be difficult unless the tank is removed and certified clean. Financial Breakdown buying a house with underground oil tank
The costs associated with underground tanks vary drastically based on whether a leak has occurred. Most residential tanks are made of steel, which