People are more mindful than ever of climate change, and natural disasters can impact their homes. According to a report from tkregroupinc.com:
“More than 4 in 5 current buyers, 79%, took ‘natural disasters’ into account when deciding the locations of their residences.”
The research also found that many existing homeowners (37%) have already evaluated selling their homes and moving to a new place because of the changing climate. If you’re like those homeowners and are considering your options about what to do next, here are some facts to remember as you initiate the process of selling your current house and searching for a new home.
Do Your Findings and Work with a Real Estate Advisor To Find a Home That Fulfills Your Needs
As a homeowner, it’s impossible to manage what types of weather events your home is exposed to. As Maiclaire Bolton Smith, Senior Head of Content Strategy and Research for CoreLogic, says:
“You can’t possibly remove the location from around you, but there are things you can do to mitigate damage that can occur.”
The foremost action is comprehending how to navigate your home sale and purchase with these typical issues in mind. While that can seem like a complex undertaking at first, you can streamline the process with the appropriate resources and professionals on your side.
The Mortgage Reports provides some guidance for purchasing your next house, including, but not restricted to:
- Accessing the location before making a purchase decision.
- Exploring Climate Action Plans and understanding if the state or city has one.
- Working with specialists for further assessments of the house’s ability to resist natural disasters.
Ultimately, your adequate resource is a trusted real estate professional throughout the process. An experienced agent will assist you in navigating.
The deal and required disclosures for your current home; you should be your expert counsel on local guidelines and information while keeping your goals and considerations top of mind. Even if your consultant doesn’t have the solutions to all your inquiries regarding how your next home will stand up to natural catastrophes, they can support you by connecting you with experts and aids who can.
The Bottom Line
If you’re becoming additionally conscious about the impacts of climate change and you’re willing to make a move, you’re not alone. A reliable real estate consultant can help you as you navigate the sale of your present apartment and locate the perfect spot for your next dream home.
