Are You a Homeowner Thinking About Climate Change? - HOMEVETS REALTY - Real Estate Veterans and Experts Advisors!

Dated: January 26 2022

Views: 57

Are You a Homeowner Thinking About Climate Change? | MyKCM

Americans are more aware than ever of the effects climate change and natural disasters can have on their homes. According to a report from realtor.com:

More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .”

The study also found that many existing homeowners (34%) have already considered selling their houses and moving to a new location because of the changing climate. If you’re like those homeowners and are weighing your options about what to do next, here’s some information to keep in mind as you begin the process of selling your existing house and searching for your new home.

Do Your Research and Work with a Real Estate Advisor To Find a Home That Meets Your Needs

As a homeowner, it’s impossible to control what types of weather events your home is exposed to. As Maiclaire Bolton Smith, Senior Leader of Research and Content Strategy for CoreLogicsays:

“You can’t necessarily remove the location from around you, but there are things you can do to mitigate damage that can happen.”

The first step is understanding how to navigate your home sale and purchase with these specific issues in mind. While that can seem like a difficult undertaking at first, with the appropriate resources and experts on your side, you can simplify the process.

The Mortgage Reports provides some tips for purchasing your next house, including, but not limited to:

  • Vetting the location before you buy
  • Researching Climate Action Plans and learning if the city or state has one
  • Working with professionals for additional assessments on the home’s ability to withstand natural disasters

Ultimately, your best resource throughout the process is a trusted real estate professional. An agent will help you navigate the sale and required disclosures for your existing home, be your expert advisor on local guidelines and information, and keep your goals and concerns top of mind. Even if your advisor doesn’t have the answers to all your questions about how your next home will stand up to natural disasters, they can help connect you with experts and resources who will.

Bottom Line

If you’re becoming more mindful about the effects of climate change and you’re ready to make a move, you’re not alone. Let’s connect so you have a trusted advisor on your side to help you navigate the sale of your current house and find the perfect spot for your next home.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Blog author image

Yamilet Berlingeri

Allowed me to introduce myself, My name is "Yamy". I am a Licensed Real Estate Person who's Job is described as the Administrative Support Assistant and Office Manager at HOMEVETS REALTY, LLC. I am ....

Latest Blog Posts

How Homeownership Can Bring You Joy - HOMEVETS REALTY - The Future of your Happiness is in your hands!!

If you’re trying to decide whether to rent or buy a home, you’re probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons

Read More

Why Rising Mortgage Rates Push Buyers off the Fence - HOMEVETS REALTY - Rising Mortgage Rates ??

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over

Read More

If You’re a Homeowner, You Have Incredible Leverage When You Sell Today - HOMEVETS REALTY - Take advantage of Leverage!

In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a 

Read More

Are There More Homes Coming to the Market? - HOMEVETS REALTY - Experts Say Inventory May be Growing!

According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home

Read More