Samuel Strauch is a Florida real estate investor and developer who is based in the Miami Beach area in South Florida. He created Metrik Real Estate after working for a family business that dealt with real estate investment and development. Before entering the real estate field, Samuel Strauch had worked in the banking industry. His educational background includes studying business, finance and international management at Hofstra University, Erasmus University and Harvard University.
Mr. Strauch says that investors in the Miami Real estate market need not fret over the recent hurricane damage. Samuel Strauch reminds investors that Miami and Florida as a whole is one of the best places in the country to withstand hurricane force winds, flooding and tornadoes. This is because after Hurricane Andrew swept through the state, the state of Florida has enacted one of the most stringent building codes anywhere in the planet.
The strict building codes means that new buildings must be constructed to be hurricane proof. Older structures would also have to be fortified or torn down and replaced. What this means is that despite the ongoing hurricane threat, Miami buildings and structures should be safe in the event of a major hurricane. From the investor and developer point of view, this is very reassuring, says Samuel Strauch. This gives you peace of mind that your investment will remain safe.
While hurricane Irma did cause extensive damage in Florida, it was nowhere near the level caused by Hurricane Andrew in 1992. This was because the state of Florida has shored up its infrastructure and enacted the tougher building codes. Samuel Strauch says that pumps are now powered by backup generators, so that water will continue to be pumped out of streets and flooded streams in the case of power outages. Such a move has helped reduce flooding and associated water damage in many low lying and waterfront areas in the Miami metro area. Shatterproof class, cinder block masonry and roofs with hurricane straps also limit and prevent hurricane damage from powerful winds.
Samuel Strauch says that the real estate in Miami has taken a dip due to Hurricane Irma, but it will not be down for long. Once cleanup is complete and power is restored, expect demand to increase right back where it was. Florida is well prepared for major hurricanes and the threat of a hurricane should not stop real estate developers from investing in some of the best locations in the country.
Samuel Strauch info: www.metrikmiami.com/