House Raising in Beach Haven West After Hurricane Sandy
Beach Haven West Real Estate and House Raising
The Beach Haven West real estate market is comprised of homes located on the water. With their excellent locations in close proximity to the ocean and Barnegat Bay, homes in Beach Haven West are at risk for flooding. This risk was demonstrated in Hurricane Sandy at the end of October 2012 when the majority of homes in the Beach Haven West area sustained some sort of flood damage. In the wake of Hurricane Sandy, house raising became a common occurrence in Beach Haven West and now the elevation of a home above base flood elevation can have a major impact on the value in the Beach Haven West real estate market. Understanding Beach Haven West house raising is an essential component to understanding the Beach Haven West real estate market.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.beachhavenwestrealestate.com | www.BuyLBI.com
Click here to search all homes for sale in Beach Haven West
Beach Haven West House Raising
The process of raising a home in Beach Haven West is not easy, however there are some distinct advantages to the process. A brief outline of the house raising process is as follows:
- Soil samples are taken to determine the type of foundation that can be used (most commonly block or pilings)
- Heavy equipment is brought in an steel beams are inserted underneath a home
- The house is listed and potentially moved to make way for pilings to be driven
- The house is settled on its new foundation, well above the new base flood elevation
- Access stairs, decks, and utilities are reconnected
The cost and process of raising a home will vary greatly depending on the specific attributes of a property. A very rough ballpark figure is between $50,000 and $75,000 for the entire project. While this cost may seem extreme, this annual savings in flood insurance can more than make up for the expense. The potential for annual savings can be thousands of dollars per year and there is an added value in the peace of mind that a home is less susceptible to flood damage.
House Raising and Beach Haven West Real Estate Values
Homes that are elevated above the new base flood elevation levels have an added appeal to buyers in the Beach Haven West real estate market. Purchasing a home that is elevated not only limits the cost of flood insurance, but it also ensures that a home is less likely to sustain damage in the event of another hurricane or flood. When looking to purchase a home, a buyer must take into account all expenses and with flood insurance rates likely to rise, homes that are elevated above base flood elevation will be more affordable. For more information about Beach Haven West house raising or the Beach Haven West real estate market in general, contact us and we will respond right away.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
www.beachhavenwestrealestate.com | www.BuyLBI.com
Click here to search all homes for sale in Beach Haven West