Real Estate Agent · Pensacola, FL · Member since 2014 · 379 posts · 307 votes
I'm considering buying a home that flooded in 2014 during a 500 year flood. It appears the home had a few feet of water in it and the bottom 4ft of sheetrock has been removed, bottom cabinets removed in the kitchen and bathrooms and most of the flooring has been removed, this home is on a slab. This home is in flood zone X and does not require flood insurance. I have done a few rehabs in the past but never a flood home, what extra considerations/problems should I look for in a home that has flooded? There are no obvious mold issues. How much does a previous flood hurt the value of the home when I go to sell it? Does anyone have success or horror stories with flood homes?
I've done some hurricane relief work and if the wet areas were removed and it is completely dry you should be fine. If the water was above the bottom level of Sheetrock you may want to do a mold test to be sure. Look closely for the non-obvious like wicking up inside of upper Sheetrock and places that are darker and could be damp. If it passes, the resale shouldn't be affected in my experience.