When looking at a property to purchase, home buyers consider many factors, such as location, size, curb appeal, school system, property taxes and more. Recently we completed an elevation certificate in Lowell for a homeowner who was unable to sell their home. The cost of flood insurance for their property had proved enough to deter several potential buyers.
After performing the elevation survey and completing and submitting the elevation certificate for this Lowell home, the property was removed from the flood zone and the homeowners were able to sell their home and move on.
This is an important but often overlooked consideration for anyone looking to put their home on the market these days, particularly as FEMA has recently updated flood maps throughout much of Massachusetts and, as a result, many properties have been newly placed in flood zones. Sellers can often remove their home from a flood zone by obtaining an elevation certificate and thus dramatically increase their home’s salability.
If you are a homeowner or real estate agent in the Boston area and are concerned about a property’s flood zone designation, call us today at 617-899-0703 for an elevation certificate.