The Fire’s Impact

Our heart goes out to all of the people impacted by the Marshall Fire in Boulder County.  

If you would like to give your support, we have set up a special fund through the Windermere Foundation where we will match any donation you make up to $5000.

You can make that donation HERE.

This devastating event will have significant impacts on the real estate market both short term and medium term.

There are some interesting things to consider related to the fire:

  1. This will be the costliest wildfire in Colorado history, by far.  The total losses will probably approach $800 million.  The most expensive wildfire up until now was last year’s East Troublesome fire at just over $500 million.
  2. It’s likely that the vast majority of the residential property owners who lost their homes were underinsured.   Given the recent rise in both property values and construction costs, these homeowners may find that their insurance won’t cover their actual loss.  We encourage everyone to check in on their own property insurance versus actual replacement costs.
  3. Nearly 1000 households are now in need of housing.  Today there are only 161 residential properties for sale in Boulder County.  In addition, the rental market also has low supply.  We expect that many of the people impacted will consider housing alternatives outside of Boulder County simply out of necessity.
  4. The homebuilding industry is currently challenged with both labor and material shortages.  It may take long time to replace the properties that were destroyed by the fire.

Again, we are so sad for the people who were impacted.  We are also encouraged to see all the different ways that our community has stepped up to help.

We are all committed to help these people get back on their feet and replace what they lost.

The post The Fire’s Impact appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

The Fire’s Impact

Our heart goes out to all of the people impacted by the Marshall Fire in Boulder County.  

If you would like to give your support, we have set up a special fund through the Windermere Foundation where we will match any donation you make up to $5000.

You can make that donation HERE.

This devastating event will have significant impacts on the real estate market both short term and medium term.

There are some interesting things to consider related to the fire:

  1. This will be the costliest wildfire in Colorado history, by far.  The total losses will probably approach $800 million.  The most expensive wildfire up until now was last year’s East Troublesome fire at just over $500 million.
  2. It’s likely that the vast majority of the residential property owners who lost their homes were underinsured.   Given the recent rise in both property values and construction costs, these homeowners may find that their insurance won’t cover their actual loss.  We encourage everyone to check in on their own property insurance versus actual replacement costs.
  3. Nearly 1000 households are now in need of housing.  Today there are only 161 residential properties for sale in Boulder County.  In addition, the rental market also has low supply.  We expect that many of the people impacted will consider housing alternatives outside of Boulder County simply out of necessity.
  4. The homebuilding industry is currently challenged with both labor and material shortages.  It may take long time to replace the properties that were destroyed by the fire.

Again, we are so sad for the people who were impacted.  We are also encouraged to see all the different ways that our community has stepped up to help.

We are all committed to help these people get back on their feet and replace what they lost.

The post The Fire’s Impact appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Prepare For and Prevent Damage This Wildfire Season Before It Happens

After last year’s wildfires, some of the largest and deadliest in recent memory, spread along the west coast, homeowners are on edge as to what this fire season will bring. The questions of whether their home will be burnt, or if they will be affected by poor air quality, hang in the air much like the smoke of a nearby fire. Accompanied by heatwaves hitting much of the U.S. these fears can turn into realities just as quick as a spark in brush. Luckily there are ways to prevent damage and to prepare for anything coming your way.

 

Be prepared with fire insurance

Are you currently protected in case of a fire? Make sure to talk with your insurance agent and work on a plan to insure your home.

Questions to ask them are:

  • What is covered should our home be destroyed in a fire?
  • What kinds of documentation do we need to do in order to get the full benefit of the insurance?
    • It’s usually a great idea to keep a log of what is in your home and how much it costs. Keep receipts and invoices if possible.
  • Who at the company should we contact in case of emergency?

 

Be prepared with an emergency kit

Cal Fire has a comprehensive guide to all things wildfire preparedness. Here they suggest putting together an emergency kit that’s always ready in case of sudden evacuations. They recommend including:

  • Map marked with at least two evacuation routes
  • Non-perishable foods to last three days
  • Prescriptions and medications. Also, eyeglasses or contact lenses.
  • Change of clothes
  • Toiletries and sanitation supplies
  • And extra set of car keys, as well as credit cards, cash or traveler’s checks
  • First aid kit
  • Flashlight and batteries
  • Copies of important documents like birth certificates and passports
  • Food and water for your pet
  • Chargers for cell phones and other devices

Some other items you might consider having close by are easily carried valuables, sentimental items like family photos, and computers or hard drives. Keep a sturdy pair of shoes and a flashlight near your bed for any evacuations at night.

 

Prevent damage by fortifying the building

Fire-Safe Landscaping

You don’t have to re-do the entire garden to slow the fire down. Home Advisor recommends you create a balance of aesthetically pleasing flora and slow-burning plants that are less likely to ignite.

Additionally, keep your garden and property free of dry materials that are ideal for kindling either in your bonfire or for a wildfire. Not only does creating this barrier protect your home, it also gives firefighters a safe area to work from as they work to control the fire.

To see what plants to use and other ways to fireproof your property, visit HomeAdvisor.

 

Build or remodel with flame-resistant materials

Materials like brick, stucco, metal, or concrete are great exteriors that can prevent the fire from taking hold of your home, at least initially. If your home is already built with one of these materials, the weak points might lie in your extremities like your deck or porch. Consider re-building these with fire-proof materials or add a coating to protect them.

Additionally, protect the most vulnerable areas of your home, like your windows and any air vents. Add retractable fireproof panels to your windows or replace the glass with wire glass or fire-proof safety glass. Don’t forget your skylights or windows on your doors.

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