2A — November 11 - 24, 2016 — M id A tlantic
Real Estate Journal
www.marejournal.com
MA REJ A dvertising D irectory Applied Bank............................................................8A ARD Appraisal........................................................11A Badger Daylighting..................................................2B Barley Snyder...........................................................2C Barry Isett & Associates.................................... IBC-C Beneficial Bank.........................................................7A Berkadia..................................................................14A Brasler Properties. ...............................................BC-A Bussel Realty Corp.................................................11B CASE Real Estate Capital.....................................16B CIRC DE. ................................................................26A Coastal Real Estate................................................29A Commercial Mortgage Capital.................................6A Community Preservation Corp..............................13A Concannon Miller............................................... IBC-C Construction Roundtable of NJ.............................29A Cooper-Horowitz.....................................................24A Corfac International.................................................1A CREW NJ................................................................21B Cushman & Wakefield. .........................................IC-B Deerwood Real Estate Capital...............................10A Denholtz Associates................................................19B Design Management Services..................................9B Earth Engineering....................................................2C Environmental Services.........................................29A Fowler Companies..................................................29A Gebroe-Hammer Associates.....................................4B Greyhawk..................................................................3A Heller Industrial Parks............................................6B Hillcrest Paving & Excavating..............................29A Hinerfeld ......................................................... 29A, 1C Investors Real Estate Agency................................29A Kaplin Stewart. ........................................................3A Kearny Bank.............................................................3B Keystruct Construction..........................................28A LF Driscoll. ...............................................................6C Marcus & Millichap..................................................3A Max Spann................................................................4A Mericle ..................................................................BC-C Meridian Capital Group................................ 15B, 17A Morris County EDC................................................18B NAI Summit..................................................... 29A, 2C NJECA......................................................................1B PennCap.................................................................IC-C Poskanzer Skott Architects....................................14B Provident Bank.......................................................15A Real Property Capital...............................................9A Redwood Realty Advisors.........................................5B Regal Bank..............................................................12A Rittenhouse Appraisals............................................3C Rittenhouse Realty Advisors. ..................................5C RT Environmental Services.....................................9C SEBCO Laundry Systems........................................2B Sidney E. Gable Associates............................. 17B, 8C SNJ AI................................................................18-19A Structuretone............................................................7C Subway....................................................................29A Sudler Companies. .................................................13B Team Resources........................................................2B The Aztec Corporation. ..........................................10B The Berger Organization. ....................................BC-B The Kislak Company................................................8B TRAIMAN.................................................................4C WCRE......................................................................16B Whitesell...................................................................2B Willow Management Corp.. ...................................29A
Mid Atlantic R eal E state J ournal Publisher ............................................................................ Linda Christman Publisher ............................................................................... Joe Christman Associate Publisher ................................................................ Steve Kelley Associate Publisher ..........................................................Barbara Holyoke Associate Publisher ...................................................................Kim Brunet Senior Editor/Graphic Artist .................................................Karen Vachon Production Assistant/Graphic Artist ...........................................Julie King Office Manager .................................................................... Joanne Gavaza Mid Atlantic R eal E state J ournal — Published Semi-Monthly Periodicals postage paid at Rockland, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal, 312 Market St. Rockland, MA 02370 USPS #22-358 | Vol. 28 Issue 21 Subscription rates: $99 - one year, $148 - two years, $4 - single copy REPORT AN ERROR IMMEDIATELY MARE Journal will not be responsible for more than one incorrect insertion Toll-Free: (800) 584-1062 | MA: (781) 871-5298 | Fax: (781) 871-5299 www.marejournal.com
Mid Atlantic Real Estate Journal
Matthew Gaudet–Walters
Austin Bocchicchio
Q&A withWalters Homes: Lessons Learned Four Years After Hurricane Sandy B ARNEGAT, NJ —Four years ago, one of the most destructive storms to hit the Northeast struck the Jersey Shore, bringing record winds and flooding that de- stroyed homes and lives. The images of Hurricane Sandy’s aftermath remain vivid memo- ries. But many shore residents have rebounded, and rebuilt their damaged homes, making them stronger and safer than they were before the storm. “We learned a lot of lessons from Sandy, and the most important is to be prepared for the unexpected,” said Mat- thewGaudet–Walters , sales representative and rebuilding expert for Walters Homes. “Af- ter Sandy, Walters Homes took steps to not only rebuild homes but to do so more resiliently.” Walters Homes has been streamlining the entire pro- cess for residents by handling everything from demolition to rebuilding brand-new homes. Since Sandy, the local resi- dential builder, by the end of the year, will have built 220 new homes in coastal locations ranging from Little Egg Har- bor Township to Manasquan. The new homes are elevated on pressure-treated pilings, FEMA flood compliant, Energy Star Certified, and stick built from the ground up. The Jersey Shore landscape has been forever altered by Hurricane Sandy with old cot- tages and bungalows replaced by spacious elevated homes. Walters Homes rebuilding experts, MatthewGaudet-Wal- ters and Austin Bocchicchio discuss some of these changes and the lessons that residents and builders have learned. Q: What changes in home construction have you seen at the Jersey Shore? Matthew: Teardowns have become commonplace and people are finding that it’s the less expensive route compared to undertaking a major renova- tion. In many cases, they’ve outgrown their old layout and want a more spacious, energy- efficient home. Austin: Those who’ve de- cided not to rebuild are selling lots, making it a great time
The views expressed by contributing columnists are not necessarily representative of the Mid Atlantic Real Estate Journal
protect them in the event of flooding. Q: What are some impor- tant lessons that builders learned since Hurricane Sandy? Matthew: Some of our cus- tomers are going through one of the most difficult times in their lives. They count on us to take them through the build- ing process and make it the best experience possible. By of- fering a turnkey product, we’ve simplified the experience, and in the end, it takes a lot of the pressure off the buyers. Austin: We’ve learned to be proactive when it comes to building a new home so that homeowners are better pre- pared during the next storm. The new energy code, for exam- ple, is evidence the industry is heading in the right direction, and building a high-quality home that is healthier and bet- ter for the environment. Q: Are there any interest- ing rebuild scenarios you could share? Matthew: We had a family in Ortley Beach that had a tragic beginning but a happy ending. A family’s entire house had completely washed away into the bay along with all of their belongings. We built them a new home that was not only a fresh start but it was a place where they could create new memories. (See photo) Austin: We built a fully custom home in Manahawkin for a homeowner in the RREM program (Reconstruction, Re- habilitation, Elevation, and Mitigation). His new home had to match the existing footprint. When I met with him at the property to get preliminary measurements, the back of the house was knee deep in water. His new 700 s/f house is elevated 11 feet in the air, so it’s out of harm’s way. It’s a compact house with an open layout and one of the best views of the bay that we ever built. n
for investors and future shore property owners to buy into the market. There is a decent amount of inventory available all along the coast, and a lot of new people are coming to us that have recently purchased property and want to build something new. Q: What factors should property owners consider when debating between rebuilding and renovating? Matthew: There are so many unknown factors and costs associated with a raise and renovate project. There are lots of considerations such as, will the foundation crack when it’s raised? Can I get a fixed price for the renovation portion of the project? In most cases, a builder cannot predict with 100% accuracy the final cost of a renovation project unless it’s been significantly marked up to cover unexpected costs. Contractors generally charge more to work around existing structures. Austin: Besides the fact that many times it’s less expensive to tear down and rebuild, the resale value is greater on a new home. So with new con- struction, people are getting a house that’s built to their specifications, meets FEMAs guidelines and is designed to Afamily in Ortley Beach had their entire house completely washed away into the bay. Walters Home built them a new home.
To advertise, call 1-800-584-1062
Made with FlippingBook - Online magazine maker