Savings for Strengthening Your Home
Savings on the cost of home repairs and potential savings on homeowners insurance? Sign me up! This won’t last long so you’d better hurry…
the program
Initially launched in 2022 as part of a sweeping property insurance reform bill, the My Safe Florida Home program incentivizes Florida homeowners to strengthen their properties for hurricane season. The state will pay $2 for every $1 spent, up to the program’s $10,000 maximum, in the form of a matching grant.
As an example, let’s say you’re spending $15,000 on new windows or doors. Taking advantage of the My Safe Florida Home program means you’ll get $10,000 back - effectively reducing your out-of-pocket cost to $5,000. Even better, there will be NO state sales tax on retail purchases of impact-resistant doors, impact-resistant garage doors and impact-resistant windows from July 1, 2022 through June 30, 2024. Ummm, seems like a no-brainer, right?
eligibility
As of July 1, 2023, the program is now open to homeowners with an insured property value of $700,000 or less (previously $500,000). To qualify, homeowners must show proof of homestead exemption and the initial building construction permit for the home must have been issued prior to January 1, 2008. Individuals interested in this program are required to have a free home hurricane inspection through the My Safe Florida Home Program.
home-strengthening improvements
Reinforce Roof-to-Wall Connections
Install Secondary Water Resistance for the Roof
Upgrade Roof Covering
Improve the Strength of Roof Deck Attachments
Exterior Door Upgrades
Garage Door Upgrades
Window Upgrades
BOTTOM LINE
Hurricanes are part of life here in Florida and they aren’t going away anytime soon. As homeowners, the best we can do is be prepared in the event one comes our way. This program not only helps strengthen your home, but it also saves you money on the cost, and potentially lowers your homeowners insurance premium. It’s a win-win-win! If you’re interested in participating, act quickly because grants are awarded on a first-come, first-serve basis. See the full program details online at mysafeflhome.com.
Carrie Rowland is an Accredited Buyer’s Representative,® Certified Probate Real Estate Specialist,® Military Relocation Professional,® Graduate of the Realtor Institute® and a Realtor-Associate at RE/MAX Alliance Group in South Tampa
