How do I find the flooding risk when I’m buying new property in a neighborhood? Once you have found a good piece of property, there are other considerations to keep in mind, such as the potential risk of flooding. The problem is, though, that not everyone will tell you outright you are in a flood zone and new properties might not even have that information available. That makes it important to know what to look for when buying real estate in a new neighborhood.
The easiest way to determine the flooding risk is to look at the zoning, which should tell you if it is a flood area or not. If it is, you will have to take extra precautions with your home or just avoid that property completely. A neighborhood that is located below sea level or is generally very low also has more potential for flooding than one higher up.
Another way to recognize the risk of flooding in a new neighborhood is to see how much water is found in the area, such as ponds, lakes, streams or rivers. The more bodies of water around a property increase the chances of flooding. If you want to buy a home or a building lot it is also good to ask others about flooding or to look up past news events.
A home can also be checked out to see if it was previously flooded and the best place to look for signs would be the basement. If a home smells of mold or moisture, that is a good sign that there are flooding problems.
One last tip we have is getting a free flood insurance quote online. If the insurance company sees no high flood risk – there usually is none. Insurance companies KNOW their stuff, and you can take advantage of their knowledge for free now, thanks to the interweb!