The City Of Oakland Is Offering Seismic Retrofit Incentives

Oakland Real Estate Seismic Retrofit Incentives

The City of Oakland California is now offering incentives to get seismic retrofit work done on homes that are resold. Basically the program works like this: After you close your home, you have 60 days to file an application with the city of Oakland for a rebate. Once the application has been approved, you have one year to get the work done.

The benefit is that the City of Oakland will rebate you about half of one percent of the price of the home for the work. So on a $400,000 home, you could get a $2000 rebate, which would cover much if not all of the work in many cases. Typically the work involves bolting the foundation to the home and installing "sheer walls" which help prevent the twisting motion of walls during an earthquake.

It's a great program, and any new buyers up here in earthquake country would be wise to take advantage of the offer if the home they are buying has not already been upgraded.

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