The Expert Podcast

• The Reality of Rebuilding Costs:
  • Licensed general contractors see firsthand how the economy and building trade impact reconstruction and new home construction.
  • The aftermath of the Los Angeles fires in areas like Pacific Palisades has brought these challenges into public discussion.
• Why New Construction is More Expensive:
  • Insurance policies may not cover the full cost of rebuilding.
  • New building laws require higher standards for:
    • Earthquake resilience
    • Fire protection
    • Updated electrical codes (e.g., NEC requirements)
  • Labor and material costs increase due to high demand in disaster zones.
• Understanding Your Insurance Policy:
  • The insured value of your home was based on past construction costs and codes.
  • In disaster-affected areas, rebuilding costs may be double your insured amount.
  • Consider increasing your coverage to ensure you can rebuild adequately.
• Zoning and Permitting Changes:
  • Rebuilding in disaster areas may come with new zoning laws.
  • Some areas might be rezoned to multifamily housing, impacting property values.
  • Permitting requirements may change during the reconstruction phase.
• Adjusting to New Construction Costs:
  • Luxury features like countertops, cabinets, and fixtures may need to be downgraded.
  • The base cost of construction may require prioritizing essential structural needs over aesthetics.

• Have questions about rebuilding costs, permits, or insurance?
• Get a one-on-one consultation with a licensed expert at ActualHuman.com.
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