I have thoughts regarding Hurricane Sandy and the rebuilding efforts that were seemingly underway before the storm had run its course.
I love building and rebuilding, but folks need to keep some things in mind before they head down the road of replacing what was lost and I'm talking to local leaders and taxpayers as well as home owners or potential rehabbers.
In addition to this, the homes that survived and the homes that will be rebuilt will cost more to insure. We live in the Carolinas, many states away from the wrath of Hurricane Katrina, but after that disaster our home insurance rates went up noticeably and the insurance companies explained that the increase was due in part to our county being considered as part of the coastal region. We didn’t like it, but we took it on the chin and rationalized that its part of the price we pay for being less than an hour from the beach. However, we don’t live on the beach and it some ways it rubs us the wrong way because we must have home insurance... so what are you going to do, but write the check and mail it in.
As I've already said, I get pretty jazzed up about every part of new construction and renovations, but as the Post-Sandy rebuilding efforts commence, the unanticipated costs need to be considered now, not later.
See The Hurricane House (Jan. 3, 2012)