As wildfires continue to ravage Southern California, victims have only begun to grapple with the costs of rebuilding.
Donations have been flooding in from across the country from California businesses to Hollywood A-listers, Fortune 500 companies and everyday Americans.
According to data from Angi, a home services website, it depends on several factors, including home size, the extent of damage and the type of insurance coverage a homeowner has.
While Angi puts the cost of fire damage restoration for the average home at $27,258, it says prices can reach up to $180,000 depending on the extent of the damage.
However, the median home price in the affluent Pacific Palisades neighborhood, where the largest of Southern California’s wildfires is burning, is more than $3 million, according to a J.P. Morgan report released Wednesday. The median home price in Butte County, where the Camp Fire burned in 2018, was less than $500,000.
Element Homes, a custom home builder in California, estimated the average cost of rebuilding a home in Malibu after the Franklin Fire in December was $200,000 per 1,000 square feet.
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Publish date : 2025-01-11 08:55:00
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Author : theamericannews
Publish date : 2025-01-11 22:48:16
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