When is it Too Late to Raise Your Home?
JoTo PR client, Arc Design, was featured in a bylined article in NUPropertyCasualty360.com titled, Raise Home Now or Sink Later.
Living by the water is an ideal part of the American dream for most people; who wouldn’t want a cool ocean breeze and the sound of the crashing waves to greet them every morning? The U.S. hub for this coastal paradise is Florida, and the statistics prove this way of life isn’t fading away. According to the Federal Emergency Management Agency, the “Miami-Fort Lauderdale-West Palm Beach area added approximately 181,000 residents to the 100-year floodplain over the period ending in 2016, the most of any region nationally, followed by Tampa-St. Petersburg-Clearwater.”
The real problem lies in the existing homes not yet brought above the floodplain. These houses are still at great risk of complete loss with impending hurricanes and flood waters in combination with the FEMA 50 percent rule: any house which is damaged more than 50 percent of the value of the home (minus the land value) is not be allowed to be repaired. Thus, it would either have to be raised above the floodplain or demolished.
The solution —
There are two solutions in action by homeowners and developers:
Tear down an existing home and rebuild it above the floodplain.
Raise the existing home above the floodplain.
The most common solution is to demolish an existing home and replace it with a new home above the floodplain. This, of course, requires that the homeowner has the funds and fortitude to tackle this project.
However, it is becoming more popular lately to elevate homes above the flood plain. Not only is it less expensive, but it allows homeowners to keep their home intact instead of turning it to rubble and starting anew.
ArcDesign, headquartered in Clearwater, Fl has been providing custom home design, renovations and permit designs for residents and contractors since 2003. With an unrelenting commitment to quality, they have been awarded the prestigious Best in Houzz Service Award six years running. Influenced by a multitude of 5-star reviews, clients often refer to ArcDesign as the home designers that people recommend. They excel in designs and permit drawings for new homes, additions, remodeling and rebuilding. ArcDesign also specializes in designs and plans for raising houses in flood zones to protect the homes from flooding. For more information visit: https://www.arcdesign7.net NUPropertyCasualty360.is designed for professionals and executives in the property & casualty insurance industry including litigation, regulation, mergers and acquisitions, fraud and products, and in risk management and employee benefits fields. Covers industry trends, state and federal legislation, and judicial affairs.
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