Repairs for Homes Flooded by Harvey Could Cost Double the Home's Value

More than 1,600 homes flooded during Hurricane Harvey may be required to raise their homes, which can cost $150,000 or more.

"The letter of substantial damage is a tool for the city of Houston to ensure people are not repairing houses that really shouldn't be repaired," said Ed Wolff, a Meyerland resident working in real estate. The Houston Chronicle reports that Wolff has consulted with city officials on Harvey-related issues, and requested the substantial-damage designation from the city to be eligible for a mitigation loan from the Small Business Administration to elevate his house, which flooded for the third time in three years.

Arkitektura Development Inc., a Kemah-based firm that specializes in elevating houses, said it typically costs between $65 and $70 per square foot to raise a home. Since Harvey, the company has taken orders to elevate houses in neighborhoods including Meyerland, Linkwood, Westbury, Bellaire, Maplewood, Nottingham Forest, Willow Meadows and Braes Heights, said owner Phillip Contreras.

Read more