Painting-old-basement-floor-tiles, instructions for painting a basement floor. adding a fresh coat of paint to your basement floor is a relatively quick, inexpensive and easy way to spruce up the space. it allows you to improve the .... Hey deltaskye, thanks for your great question and welcome to the community! just like tom/hd116 stated, encapsulation and enclosure is really the best thing a homeowner can get sort of a professional abatement company to remove the tiles. you have lot of options when it comes to covering asbestos tiles, and it only is a health risk when the floors asbestos particles come airborne.