Natural Disasters Reduce Home Values
Home Values Increase Less in Areas with Natural Disasters
Natural disasters reduce home valuations. Homes in disaster-prone areas face decreasing values due to higher of home insurance. Not to mention flood insurance.
To make matters worse, natural disasters are becoming more common and more severe.
These risks include hurricanes, floods, wildfires, earthquakes, tsunamis, landslides, and tornadoes.
Predictions are the severity and frequency of such risks will increase in the future.
Homeowners affected by natural disasters are moving to new areas altogether. Realtor.com indicates 78% of homebuyers consider natural disasters when buying a home
To no one’s surprise, natural disasters effect a large portion of the United States.
The risk is highest along the Gulf and Atlantic coasts. In that area, more than 90% of properties in counties are at risk of a dramatic change in insurance coverage.
In California, 3 million homes are at risk.
Disaster proofing a home will reduce some of these risks. But at what cost?
And even if a home is “disaster proofed” will the cost of home insurance or flood insurance be prohibitive to home ownership?
An article published by MarketWatch in April 2024 indicates the magnitude of these costs.
“Florida homeowners pay the most for home insurance in the U.S., with an average annual rate of $11,759 projected for 2024 — significantly higher than a projected national average of $2,522″.
Now that is significant!
Where Will Your Next Home Be?
Where you buy your next home needs to consider the potential for natural disasters. Whether that is your choice for retirement, seasonal or full time living.
Now where can one find a great climate, lots of outdoor activities and NO natural disasters? Consider Arizona. Better yet, make it Tucson Arizona.
Now here is some good news.
Arizona has a low risk for natural disasters. Low but not zero when it comes to wildfires.
They occur every year. But in the more remote areas of northern Arizona. Although there are other pros and cons about living in Arizna, natural disasters should not be one of them.
Considering A Home in Tucson, AZ?
Are you thinking of buying a home in the greater Tucson area? Finding the right home can be a challenging process. But we can make the process much less stressful for you.
We have been Tucson Realtors since 2002. We know Tucson and the Tucson Real Estate market. As a top Realtor duo, we invest the time to understand your home buying interests and desires.
At our first meeting, we will review the current real estate market with you. Show you the market data and then walk you through the Arizona home buying process.
Why? We want you to know what to expect. And what to plan for.
Interested in new construction? We’ll brief you on buying a new construction home. And what’s unique about the process.
For us, you are not another real estate transaction. You are a client and, future friend. We strive to create a relationship that continues long after you move into your home. Review our profiles. Check out our backgrounds, education, and certifications.
We are here to help you “know what you need to know” to buy a home in Tucson, AZ. We provide you information on Tucson events, places to shop and restaurants. Our resources include contractors, electricians, and home services. We will also help you get deals on tile and paint to make the home you buy yours. Our professional service backgrounds mean we put you first!
Selling a home in the Tucson area?
Selling a home requires more than listing it in the Tucson MLS system. It’s about marketing. Marketing through multiple online channels.
To no one’s surprise, 80% of home buyers start their search on the internet. Homes must be visible on multiple internet channels. The more visible a home is, the faster it will sell.
We use multiple online marketing channels to showcase your home. We will build a stand-alone website built to show your home. Our marketing program targets key cities in the U. S. based on the season. For luxury listings, our drone service provides video of your home and neighborhood. The video along with professional photos helps buyers see and feel your home.
To learn more about how we can help you sell your Tucson home, call us – 520-940-4541 – to arrange a meeting. We will visit your home and prepare a comparative market analysis. Then we will meet with you to review our analysis and our marketing program to “get your home sold!”
Conclusion
Thank you for visiting www.premiertucsonhomes.com! It’s one of the top real estate websites in Tucson. Our clients tell us that.
Our website provides information on communities and neighborhoods in the greater Tucson area. Want more? Give us a call – 520-940-4541.
We are ready to answer your questions and help you get the information you are looking for.
Our goal is to provide insight, advice and the highest level of professional services to you. We want you to be proud to recommend us to your family, friends and acquaintances.
We are a top Realtor team in Tucson, AZ since 2002. Take a few minutes to read our profiles and client testimonials.
Are we the Tucson Realtors you have been looking for?
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