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139
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43
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Ryan K.
  • Investor
  • Richmond, VA
43
Votes |
139
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SFR near FEMA flood zone

Ryan K.
  • Investor
  • Richmond, VA
Posted

Looking at a SFR for a fix and flip that is near but not in a FEMA flood zone according to the maps I found on the FEMA website. Looks like the flood zone (100 and 500 yr) cross the property but the actual structure of the house is about 25 to 50 feet outside the 500 year zone.

Does anyone know any implications to this situation? Could the maps change and as a result the structure be in one of the zones? Or will the proximity of the structure to the designated flood zone be a deterrent to future resale? Any insight is welcome.

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