How do floods impact property value?

As a broker and as an appraiser, the recent Colorado floods have has raised interest as to just exactly how an event like this will impact home values.  In the past, I have typically applied a discount to properties lying in a flood hazard area - these properties face higher cost for flood insurance and …

200 Homes Condemned In Evans

A few years back, I appraised a proposed subdivision in Evans, right next to the South Platte.  They wanted to build hundreds of homes  in the flood hazard area by placing the homes up on mounds that were just a few feet above the flood hazard elevation - surrounded by "community lakes".  The project was …

Casualty Loss From A Disaster – Tax Considerations

Interesting forum for those affected by the flood but without insurance: "My home was partially destroyed due to the Colorado floods last weekend and we do not have flood insurance.....I read that the loss of property value to my home could be a tax deduction and, because we are a declared federal disaster area, we …

Flood Impacts – Update

As information and numbers from the impacts of the flood come in, I thought I'd update my previous post with  some  links to articles about the impacts: Access - Many areas no longer have any functional road access - how does this affect property value in the short and long term (7 News - "The town …

Flood Impacts

The Colorado floods have devastated many communities across the front range and eastern counties.  Our family spent the week in a surreal state, watching the events unfold live on television as we sat relatively high and mostly dry - it was difficult to comprehend that just 20 - 30 minutes away, lives were washing away. …

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