![]() ![]() ![]() PCI-DSS requirements help ensure the secure handling of credit card information by our store and its service providers. The first house they bought in the area has flooded 2 in 25 years, their new home was built to flood plain standards and has never flooded. My parents live in a flood zone and the area floods every 3 to 5 years. United Architects, Inc., will never sell your information.Īll direct payment gateways offered by Wix.com and used by our company adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, MasterCard, American Express and Discover. The deepest snow cover at Louisville between New Years Day and the flood was only 3 inches on the 29th of January, and that melted away in a few days. Depending on the level of threat your property is exposed tolow-, moderate- or high-riskyou can face higher insurance premiums as well as potential damage to your home. Before buying the house see how frequently the area floods, then how many times the house flooded. They store your data on secure servers behind a firewall. In a previous blog post we discussed some of the FHA loan rules for purchasing homes that may be located in flood zones. Those you dont see yourself might be revealed when the home inspection (that you INSIST your buyer have done). Your data may be stored through Wix.com’s data storage, databases and the general Wix.com applications. A property with a flood history will leave clues. Wix.com provides us with the online platform that allows us to sell our products and services to you. Our company is hosted on the Wix.com platform. 100-Year Floodplains (or 1 Percent Annual Chance Floodplains) are areas near lakes, rivers, streams, or other bodies of water with at least a 1 chance of flood occurrence in any given year. ![]() Though flood zones show that there is a risk of flooding and water damage, there are ways to mitigate that risk and reduce the chance of loss. Please look at the testimonials or letters of reference recommending the firm. If you are looking at buying a house, the common belief is that it’s generally a bad idea to buy a home in a flood zone. If your potential property is in a location that hasn’t had flooding for years, you might feel more confident going forward with the purchase.With an exciting track record of executing world class projects for both public and private clients, United Architects has been in continuous operation since its founding in 1986. It’s always a wise idea to take a look at the flood zones, you might approach this question on a case-by-case basis. Permitting floodplain development is only the first step of the management process. You should also know that your appraised value will likely be lower if your property is in a flood zone. If you can account for the extra costs, and your return is still high, it could be a great investment for you. Just expect that you will pay more for flood insurance. If you find a rental property with fantastic return on investment, but it happens to be in a flood zone, you can probably make it work. However, I don’t think it’s a deal breaker. My perspective is that there are so many fish in the sea! There’s no need to settle for a situation that is less than ideal. A 2008 study analyzed residential property sales and value and concluded that, on average, homes located within the Countys floodplain had a 7.3 lower sale. Do the research before you mentally move in to that riverside. In reality, this figure is much lower, and lots of homes considered at risk have never flooded, but for insurance reasons it’s good to be aware. So, should you purchase a rental property in a flood zone? Personally, I would not. With around one in six homes in the UK at risk of flooding, the chances of buying a flood-prone property might be higher than you think. Plus, these properties can be expensive to insure. This makes sense buying a home is a huge investment, and the higher chance of flooding puts that investment at risk. ![]() One thing to consider is the possibility of natural disasters, including if the home is located in a flood zone. Buyers may be hesitant to buy a home located in a high-risk flood zone. Before you purchase a rental property, you should thoroughly assess not only the property, but also the neighborhood and the market. ![]()
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