Hurricane season is in full swing, and protecting your fix and flip projects from potential damage is critical. These 10 tips can help you safeguard your investments:
- Secure the Exterior: Secure any loose items, seal windows and doors, and consider storm shutters.
- Check and Clean Gutters and Drains: Ensure proper drainage to avoid water damage and flooding.
- Reinforce the Roof: Inspect and repair any loose shingles or tiles, and consider hurricane straps or clips for added stability.
- Review Insurance Coverage: Update your policies and ensure adequate coverage for hurricane-related damages. Consider flood insurance if necessary. Opt for replacement cost coverage instead of actual cash value coverage.
- Create an Emergency Plan: Prepare a comprehensive plan with contact information and procedures for securing materials and equipment.
- Secure Construction Materials: Store or remove materials, tools, and equipment from the site to prevent damage or injury.
- Trim Trees and Landscaping: Prune large trees and remove dead branches to minimize the risk of falling debris.
- Inspect and Upgrade Entry Points: Strengthen garage doors and other entry points to withstand high winds.
- Backup Power Solutions: Consider installing generators to maintain essential systems during power outages.
- Assess and Improve Flood Defenses: Evaluate the need for additional flood defenses like sandbags or barriers, and ensure proper grading around the property.
By following these tips, you can significantly reduce the risk of damage to your investments during hurricane season. Stay safe and proactive!
