New Homes & Rebuilds in Ocean, Monmouth & Atlantic County

Confused about Rebuilding after Storm Sandy? Read the Top 5 Things You Must Know

Greetings to the Jersey Shore…:)

Many people have been affected by Storm Sandy, and are unclear about how to move forward and get back into their homes. In the last several months, I have consulted with dozens of people with a number of different situations and hopefully I can share some of that knowledge with you here.

In this multiple part series, I will write about this often confusing issue and offer some helpful pointers about moving ahead with your reconstruction project. There are a number of considerations to take into account.

We’ll start today with the Top 5 for those affected by Sandy, and go into detail on each subject in later blog posts. In the meantime, you are always welcome to contact me with any questions or concerns about your particular situation. My direct line is 732 300 5619.

Top 5 Thoughts:

1. Decide if you want to stay where you were living (your old home) as opposed to moving elsewhere.
If you were thinking of moving for any reason before the Storm, or don’t wish to live in a flood zone which may be affected in the future, your decisions are much different than if you know you want to stay.
This is an important first step in your decision making process.

2. How old is your home?
If your home is older than 15 years or so (built before 1999), it is not built according to the latest hurricane, energy efficiency or general construction standards. In this case, if your home is a ranch smaller than 1500 square feet, often it is a wise decision to demolish and build new, as opposed to going through the stress of raising your old home. After you are done, you will still have an home built to outdated standards even though it will be raised to the correct elevation.

3. Should you raise and rebuild your home, or demolish and build a new home?
See my notes in #2 above. If your home was built after 1999, or is 2 stories, it is often wise to raise the home and rebuild, as opposed to demolish and reconstruct.

4. What is your new Flood zone and ABFE (advisory base flood elevation) ? How high will your home need to be raised?
If you don’t already know it, go to and enter your address. This will give you your current elevation, as well as the elevation where you will need to be when complete. If you were in an A or an AE zone and you are in a V zone now, often you will be raising your home 8-10 feet from where it is currently located.

5. What are your financial resources to rebuild?
All sources must be considered. There is ICC (increased cost of compliance) money from FEMA), insurance proceeds from your flood insurance policy, SBA loans, and home equity loans. Often the sum of these will enable you to build a new home, as opposed to rebuilding your old home.

In future posts, we will delve into each one of these categories in detail, but in the meantime, think about how each of these subjects affects your individual situation.

Tomorrow we will elaborate on #3 above and discuss different methods of raising and moving your home.

Thanks and be well.

Vince Simonelli
Dream Homes Ltd.

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