Substantial Improvement: Any repair, reconstruction, rehabilitation, addition, or other improvement of a structure where the cumulative cost of improvement exceeds 50% of the market value of the existing structure prior to any work. Structures in a flood zone that are not flood compliant are subject to FEMA limitations on substantial improvement. Rebuilding after a storm, adding on, renovating or remodeling your home or business? Substantial Improvement/FEMA Budget (the 50% Rule) Final FEMA elevation certificate (issued by a CT licensed Land Surveyor) when bringing a dwelling into full flood compliance. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |