In a recent government meeting, discussions centered around the complex and costly remediation measures for a damaged residential property. The primary focus was on two proposed methods: lifting the home or lowering the grade of the lot.
Expert testimony revealed that lifting the home would incur significant expenses, with preliminary estimates ranging from $893,343 to $1,235,531. The cost breakdown, prepared by a seasoned estimator, highlighted the extensive ancillary costs involved in such a project. These include the need for precise architectural designs, demolition of existing structures, disconnection of utilities, and extensive repairs to the foundation and interior finishes. The process also requires new landscaping and driveway restoration, further adding to the financial burden.
The discussion also touched on the alternative method of lowering the grade of the property. This approach would similarly necessitate a comprehensive design and permit process, extensive site work, and structural repairs. However, experts cautioned that this method could compromise the integrity of the historical structure, as it would expose foundational issues that could lead to frost heave and other complications.
Overall, the meeting underscored the complexity and high costs associated with both remediation options, raising concerns about the feasibility and potential impact on the property's historical value. The board members were provided with detailed cost estimates and were urged to consider the long-term implications of each approach.