News Channel 7 WJHG: Cost to Rebuild Homes on the Rise

Read the full article here.

The cost of rebuilding a home after a natural disaster has increased due to inflation and material shortages. Brian Baber, a franchisee of AR Homes® in Panama City, Florida, says that homeowners should increase their insurance coverage to account for the rising costs. He also notes that labor shortages are another factor that is driving up replacement costs. Trey Hutt, president of Hutt Insurance Agency, says that having the proper amount of coverage could save homeowners a lot of money in the event of a disaster. He recommends that homeowners review their policies with their insurance company to make sure that they are adequately covered.

Here are some additional details from the article that are relevant to custom home builders in Panama City Florida:

  • The cost of materials, such as windows, sliding glass doors, cabinets, and countertops, has increased significantly.
  • Labor shortages are still a problem in the Bay County area, which is making it difficult to find qualified contractors to rebuild homes.
  • Homeowners should review their insurance policies to make sure that they are adequately covered in the event of a natural disaster.