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Case Studies and Examples. For instance, a study by the National Bureau of Economic Research found that homes within the 100-year floodplain are valued 4.4% to 13.3% less than similar properties outside the flood zone. This decrease in value is largely due to the perceived risk of flooding and the associated costs.
Risks of buying property in a flood zone include:1) Living in a flood zone can decrease your homes value and make it harder to resell,2) costly flood insurance requirement for properties in flood zones, 3) If your home floods, youll have to deal
Owning a home in a flood-prone area can be seen as a gamble and often means higher insurance costs. Climate-change awareness has made buyers more cautious, especially in coastal areas, and Im seeing longer selling times for flood-zone properties, says Wei. You also may not get the price you think the home is worth.
Compared to selling other types of properties, selling a property in a flood zone is always more difficult. These properties are located in areas that FEMA considers high risk due to their risk of flooding and low elevation.
Floods can happen anywhere just one inch of floodwater can cause up to $25,000 in damage while the typical Individual Assistance grant awarded by FEMA is between $3,000-$6,000. Most homeowners insurance does not cover flood damage.

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Zones A, AE, AH, AO, AR and A99 are high-risk flood areas, due to proximity to a pond, stream, river or protective barrier under construction. In communities that participate in the NFIP, flood insurance is mandatory if mortgages are federally backed.
If FEMA grants the map amendment or revision request, the property owner may no longer be required to pay flood insurance. The property owner may send the determination document to their lender and request that the federal flood insurance requirement for the structure be removed.

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