Rebuilding after the Marshall Fire: Property owners face higher costs, law changes
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BOULDER COUNTY, Colo. — After the Marshall Fire destroyed more than 1,000 homes in Boulder County, many homeowners expressed the desire to rebuild and return to their same neighborhoods. But the reality is that roughly two-thirds of homes destroyed were underinsured, and the costs to rebuild are far greater than what many families can afford.
Seventy-two lots that burned in the Marshall Fire are currently listed for sale. Boulder County Realtor Kelly Moye said there are many factors contributing to the difficulties rebuilding homes on those lots.
“Interest rates have definitely affected their ability to pay and afford to rebuild, but I also think there’s a little bit of ‘we’ve moved on,’” Moye said.
Moye believes it could take several years for the vacant lots to sell.
New building requirements have also added to the costs of rebuilding. In June, Boulder County passed rules requiring fire resistant construction materials to be used for roofs, attic venting, decking and fencing. The goal is to create a 3-foot, non-combustible zone around homes.
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