Photo by F. Muhammad via Pixabay
Each year, flooding causes more than eight billion dollars in damages to homes in the United States. Despite that, many affected homeowners go on to sell their houses so that they can relocate. When your home has damage from a tropical storm, heavy rains, or rising water from a hurricane, here are ways to help your home retain its value.
Do your best to minimize the damage. If you know flooding is possible, use sandbags around the foundation, board up windows, fill in crevices around vents and pipes with expandable waterproof insulation. After damage occurs, in the first two days, it is essential that you go through this checklist as quickly and thoroughly as you can.
Make all repairs that your insurance or FEMA covers. If other repairs remain, you might decide to fix them yourself or sell your home just as it is. If you completely restore your home, it likely will sell for more. But if the return on your investment isn't high enough, you may end up losing out in the long run. Here is where you need the advice of a professional. Your real estate agent can help you determine which items to repair and which won't give you any return. Remember, though, that if your relocation is time-sensitive, whatever sells quicker can save you in the long run.
Hi! I am Boni Buscemi.
A waterfront and luxury home specialist for over 16 years, Boni Buscemi is a dedicated and hardworking broker who listens to clients' needs to identify real estate goals and create strategies that exceed them. Boni loves to meet new people, work with unique personalities, and cultivate relationships. For Boni, real estate is the heart of the American Dream; it is in the nucleus of our existence to search out, identify, and acquire homes because they’re the center of our lives. Home is where we celebrate events, raise our families, and make memories.