Inscrit le: 25 Avr 2018
|Posté le: 06/05/2018 12:13:42 Sujet du message: Buying a Home in a 500 year Flood Plain
We have an option to buy a home in the Houston suburbs which is in a 500 year flood plain. The past few years when Houston had major flooding issues, the home or the street did not see flooding (tax-day flood, memorial-day flood and hurricane Harvey). I got this data from the previous owners and cross checked with sites showing the extent of flooding from these events.
FEMA flood plain maps show that the street in front of the home is in the 500 year flood plain and the home is 2 feet above the street surface. While we plan to get flood insurance, should we pass on this opportunity?
Any help will be apprecited.
I didn't find the right solution from the Internet.
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