Are You a Homebuyer Concerned About Climate Risks
Natural disasters are causing new challenges in residential real estate. CoreLogic explained in a recent article: “As climate change becomes more prevalent, the world is bracing for unprecedented challenges.” Climate risks can affect where people are looking for a house. This is explained in a study by Zillow. Homebuyers want to know if their desired house will be exposed or not to extreme heat, floods, and wildfires. Here are some important things to consider when you’re looking for a house. Expert Advice to Homebuyers to Reduce Climate Risks Understanding how to buy a home and considering climate risks is the first step. You can simplify the process with the right resources and help. The Mortgage Reports offers these tips to help you buy your next home.
Consider future maintenance costs. If you live in an area that is prone to tropical storms, it may be necessary to buy hurricane shutters and sandbags for your home. In areas prone to wildfires, you might want to remove plants from five feet away from the house. You could also consider rooftop sprinklers or gutter guards as a way to prevent fire hazards. When you tour homes, consider these future costs.
Get the right insurance to protect your assets if you live in an area with a high-risk climate. Before you bid on a house, shop around and speak to several insurance agents to compare options and prices.
Your most valuable resource is a real estate expert you can trust. They will always keep your goals in mind while also keeping your concerns front and center. Even if they do not have all the answers on how your home will handle natural disasters they can still connect you to the right experts. You want to know if there are any factors that could affect the value of your home. Connect with a real-estate professional to have someone you can rely on to guide you in your search for your next home.
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