Skip to main content

Subdivision adjacent to two flood zones.. Reason for concern?

Hello, Looking at potential new build outside DFW suburbs in area near Lavon TX. Moved here recently from the upper midwest and the idea there was to steer clear of flood planes. I'm seeing on many new build developments they are right next to or in some cases even built over flood planes. Check out the images attached, the proposed location for my lot has a black dot (located towards upper left corner of first image.). This particular development is bordered on the west by a Zone A floodplain and on the south by zone AE floodplain. There was a study done which shows Base Flood Elevation of about 447 feet near the AE zone, elevation of proposed home is at about 465 feet.

Is a nice area, seems convenient location, however, just can't help but wonder what the long term risk is in this development of flood. Heavy rainfall events becoming more frequent it seems, and more intense. Also, concerned regarding long term resale value -- do intend for this to be forever home. However, do not want to be in a neighborhood development where it could be known as "prone to being flooded out."

Is this a normal thing and not as much of concern as I'm making it out to be?

TIA for any insights/wisdom either way.Images

submitted by /u/MidwestSki79
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1rslsre/subdivision_adjacent_to_two_flood_zones_reason/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/
Post a Comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more