These days more and more properties are affected by flood. Major storms that used to occur once every 50 or 100-year now seem to happen once every few years. Flood risk does change over time and FEMA (Federal Emergency Management Agency) works with communities to update their flood maps as a result. Your property could be mapped into or out of high-risk area. This could affect your need for flood insurance, how much you pay for the flood insurance, and even your home value.

Knowing your flood status and acting on it could make a financial difference. For example, I have a client who was paying over $3,000 flood insurance annually. When I started to prepare to list his house for sale, I found out that he had already done an elevation certificate but that he didn’t know to use it for flood insurance purposes. I connected him with my insurance agent; they were able to reduce his flood insurance premium from over $3,000 to a little over $1,000 per year. This would enable him list his house at higher price level than was previously thought.

Since flood zone, elevation of structures and other factors are so important, it may be worth your while to determine the current flood status of your property. You could contact your local real estate agent who may have working relationships with local flood determination companies or your insurance agent to help you figure out the true flood status of your property. You can also find a list of flood zone determination companies on FEMA website here: https://www.fema.gov/flood-zone-determination-companies.

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Please call or text me at 908-462-4617 for your real estate needs – buying, selling or figuring out the current market value of your home. You can also email me at j.diane.chen@gmail.com or visit my website: www.HomesByDianeChen.com

My biggest thrill is to see the beaming smiles of my buyers as they closed on their dream homes and the joy in my sellers as they moved onto the next step in their life’s journey. Having lived in Scotch Plains over 18 years and actively involved in community organizations, I know the ins and outs of Scotch-Plains, Westfield area. I’m honest, responsible, dependable and responsive. And I am fluent in Mandarin Chinese. Please call me at 908-462-4617 or visit me at www.homesbydianechen.com