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| February 10, 2012 |
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Protecting Your Assets From Theft
by Peter L. Mosca
No longer satisfied with stealing lumber, concrete and windows, thieves are increasingly looking inside newly constructed homes for items like stoves, dishwashers and consumer electronics. Police reports similar to this, "On November 14, 2005 at 4:45 a.m. Deputy Smith responded to ABC Street in XYZ Township to investigate a reported burglary to a house under construction. A wall oven, refrigerator and cook top was reported stolen from the house. XYZ Township continues to investigate this case" are appearing in the media far too often in communities across America. The news doesn't get any brighter. First, thefts of items like those aforementioned are rarely recovered. Second, thefts equate to rising security and insurance costs, plus re-scheduling concerns and a loss of manpower hours costing builders big dollars. In fact, the National Association of Home Builders (NAHB) reports that builders lose about $4 billion annually to construction theft. Third, builders, therefore, are forced to pass on costs to buyers that are a by-product of theft. The NAHB estimates that builders add about 1.5 percent to the price of an average new dwelling to offset theft related losses. Here are a few tips to keep property safe inside -- and outside the new homes.
Builders, to protect their assets, both from a financial and reputation perspective, must be proactive in combating theft. By taking the aforementioned steps, a builder can significantly decrease the potential for theft. These suggestions will not keep the professional thief from pilfering equipment, raw materials and other costly items. What they will do, however, is significantly deter the unskilled thief who is simply out to make a few dollars. Published: December 28, 2005 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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30 Year Fixed: 3.87% 15 Year Fixed: 3.16% 1 Year Adj: 2.78% (U.S. Weekly Averages) Today's Headlines 12/28/2005
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