Buying Home In a Flood Zone – Things You Need To Know

As a homebuyer, your goal is to find a dream home. You may be able to find such a home and it may also lie in the price range of your expectations. But there is one problem that looks quite bothersome, i.e. it is situation in a flood zone.

At this time, you need to look at the options that you can avail. You will need to have better understanding about making a decision whether or not this home is right for you. A few tips are worth mentioning in this scenario.

Consider the type of flood zone the home is in

Not every area in a flood zone is at the risk of severe flooding. By doing a little research, it will be easier for you to know that many of the homes and neighborhoods are located in a Federal Emergency Management Agency (FEMA) flood zone. It also includes the homes which are at a minimal risk of getting affected by the flood. You don’t need to be alarmed if the home you are looking for is located in a zone X or C.These are the zones with lowest risk.

The zones with highest risk of flooding are labeled as A or V.Do your research and if you have found a home in these areas, it would be better not to consider buying home in such area.

The year the home was built

It is better to refer to the topographic map created by FEMA in order to have better understanding about the level of risk and hazard within a floodplain. Such kinds of maps basically tell about the zoning areas and construction plans. Based on this information, construction companies can avoid building homes in high risk zones.

These maps are usually updated on regular basis. The reason for bringing this update in the map is to spot any change in the zone. For instance, any home built in the low risk area might become unfit to live in if the area is found to have become vulnerable to high risk of flooding.

Low risk is still a risk

While you may not consider the word ‘low risk’ something that raises an alarm, low risk is still a risk to be kept in mind. Many people do not make proper arrangements to deal with the flooding even if they know they their home is located in a low risk zone. It can turn out to be a serious mistake. Make sure that you have prepared your home for the floods.