Winter Prep Is Key
There is a definite chill in the air and, for contractors and rehabbers, that means it’s time to think about winterizing the construction site. Depending on the building phase of your project, you will need to take specific steps to avoid problems and stay on schedule.
Below are some tips to avoid potential mishaps and costly damage:
- Secure your property nightly. Beyond locking up valuables, this means removing any debris or lightweight tools and supplies which may be vulnerable during a storm or high winds.
- To avoid the dreaded pipe freeze, turn off all outside water valves from the inside but leave the faucets on inside the structure to allow for drainage.
- For exterior pipes, use insulation to prevent temperatures from plunging below the freezing point, and consider heat trace tape for those pipes with direct exposure to the elements. And, of course, make sure your insurance covers the unexpected, like broken pipes and leaks.
- If possible, leave the heat turned on even if the property is vacant. Fixing the potential damage from a burst pipe will cost more than the monthly heating bill. Trust us.
- Unplug any unnecessary appliances or other items in case of a power surge or blackout.
- If the property is vacant, be sure to check your investment regularly to ensure that there are no unwelcome surprises for potential buyers.
- Remove snow and ice from the property promptly to prevent injuries among your subcontractors, listing agents and buyers. Consider spreading an ice melt product on sidewalks and other walkways in advance of foul weather.
We Are Happy to Help!
Some of these tips are pure common sense but others may not have occurred to you. Here at Navigator Private Capital, we consider it our job to make your job easier. And that means pointing out potential pitfalls BEFORE they happen.
Reach out to us if you have questions about winterization or, really, anything related to rehab construction and financing. We are invested in your success!
Contact your loan officer directly or call/text 888.444.3160 to be put in touch. We look forward to working with you.