Why do I need to lift my home?

Why do I need to lift my home? ONE word - INSURANCE! If you own a Jersey Shore home in a flood zone, there are many reasons why you need to lift your house, but the most important is insurance. Here’s why:

1. Without lifting your house to the proper elevation your annual insurance payment could cost you tens of thousands of dollars. A client recently received a $31,000 premium notice on a house that was assessed for $95,000. The insurance company also told him if the house was elevated to 12ft, the premium would be $2,950.

2. Without insurance, your property value drops like a stone. No buyer can get a mortgage for the purchase of the property, so you are only able to sell it to a cash buyer, at a steep discount. We have heard of properties selling for 60-75% below pre-storm values.

3. Without insurance, you’re rolling the dice that there won’t be another storm/flood. You could spend $20,000 - $50,000 or more on demolition, mold remediation, and restorations only to lose it on another storm.

Why do I need a qualified, experienced and insured lifting company for the project? When you need an operation, you go to a doctor who has successfully performed the same procedure for years...you want experience. It is the same with a lifting company. Experience Counts...big time. Lifting or elevating your home is a complex project. It deals with disconnecting your utilities, removing plants and shrubs, elevating your house, building a new foundation, and landing the house on the new foundation. After that, you have to reconnect your utilities, do landscaping and perform minor cosmetic repairs from lifting. Add to this permitting, engineering, and inspections and it's not hard to understand why this is a major cost and a very big decision.It makes sense to hire an experienced and qualified professional lifting company, who has all the skill sets and specialized tools to manage your lifting project.

Thinking about what to do with your Jersey shore home? You need to consider all of the factors. Lifting your home onto a new foundation is expensive. Jobs can start from about $30,000 and go up from there, depending on size of house, type of foundation required by your town, position of your house on your lot and amount of space between your house and the one next door. We will cover this in an upcoming article titled - What should I do with my House Down the Shore? The Top Considerations When Deciding on an Action Plan.

When it comes to choosing a company that provides home lifting services, it is always recommended to hire a competent, experienced, licensed, and insured lifting company for the job. Take time to research the company you are considering. Check their reviews and feedback left by past customers. Have a look at the company website and check their testimonials. Be sure the company you hire has good amount of experience, expertise and proper equipment to handle these tasks.

If you are interested in learning more about nj house raising services visit our site at http://jerseycoasthouselifting.com/