Houston, TX · Member since 2017 · 3 posts · 0 votes
I have found a home that I am in LOVE with. It's gorgeous. I can't see behind the walls but cosmetically no corners were cut. However I discovered it has flooded twice. Once in 2008 and again in 2016. However it's in a X flood zone. I spoke with neighbors who have lived in the neighborhood for 40 years and they said that it was indeed the only 2 times it flooded since they have been there. Is this a bad idea? Is it possible to flood proof a home. Also it was 8in of water the house took in 2008 and 13in in 2016. I'm in Houston if it matters. Buy or run?
Investor · Indianapolis, IN · Member since 2014 · 208 posts · 137 votes
9y
Right off, I'd be concerned about mold in some unseen area. Make sure to have it inspected very thoroughly. If you buy it, you should leverage the fact that it flooded for a discount. It's also likely that flood insurance is going to cost an arm and leg on this property. Be careful!
Can I get an insurance if I buy flooded house? One real estate agent told me no and other one told me yes. What is truth? Looks like nobody on the internet talks bout this. Please advise.