Many residents in LA sometimes forget that the city they’re living in is prone to earthquakes. As a retrofit contractor in Los Angeles, we receive a lot of calls about our retrofitting services.
Some homeowners don’t know whether or not seismic retrofitting is vital in their LA houses. Their lack of understanding about the essence of retrofitting is one reason many homeowners forego this kind of project.
But if you wish to prepare your house for the next earthquake, you must seriously consider it.
Retrofit Contractor in Los Angeles to Fix Outdated Foundations
Sadly, many houses in LA have outdated foundations. It’s likely that where you’re living now might have an outdated foundation that could be prone to devastating damage during significant seismic activity.
A 7.1 magnitude quake could hit LA at any time. You may wish to obtain homeowner insurance to protect your building. Unfortunately, the premium of earthquake insurance is hefty.
You might not afford it.
The good news is that you can lower your premium or protect your house from the devastating damage of the next quake. It’s possible through a seismic retrofit.
It’s a common solution that involves the installation of anchor points and brace to the crawl space. The goal here is to boost stability and reduce the risk of a devastating collapse.
How Much Will It Cost You?
It can cost anywhere from $1000 to $6000. But it depends on the construction of your house. Thankfully, the government has several programs to help homeowners pay for seismic retrofitting.
The California Earthquake Authority is one program that can help lower your reinsurance costs. In that case, you can save money to help you pay for retrofitting your house.
You can also apply for a home equity loan. But it’s only ideal if you have equity in your home. If you can avail of this loan, you may use it to fix your foundation.
Ask your mortgage lender how you can take advantage of this loan. Your lender will be happy to help you out as this type of home improvement can preserve the collateral. It’s a win-win for both parties.
Another way is to use your credit card. It may not be the most ideal solution since you’ll accrue debt just to retrofit your house.
But it’s a great investment considering that you’ll be preparing your house for the big quake that can happen at any time. It will protect you, your family, and your asset.
You may also call us to inquire about the financing options you can take. We offer different financing programs that will make it easier for you to pay for the overall cost of the retrofit project.
Our retrofit company will work with you to help develop a plan that will fit your needs. We can give you a plan that makes retrofitting a more affordable project, instead of causing financial hardship.
With so many financing options available, there’s no excuse for you not to contact our retrofit contractor in Los Angeles to protect your asset. Don’t delay. Call us today to know more about your options (818) 629-0923.