Home buyers consider many factors when looking at properties. These include location, size, curb appeal, school system, property taxes and more. But what about flood insurance? We recently completed an elevation certificate in Lowell for homeowners who were unable to sell their home. The cost of flood insurance required for their property had turned away many potential buyers.
After performing the elevation survey, we completed and submitted the elevation certificate for this Lowell home. Consequently the property was removed from the flood zone. Soon after 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. This is especially true as FEMA has recently updated flood maps throughout much of Massachusetts. With these updates 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.