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Updated over 9 years ago on . Most recent reply

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Isaac S.
  • New Jersey
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6
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Analyzing home in or near a flood zone

Isaac S.
  • New Jersey
Posted
I am looking at a few multi-family properties for buy and hold in Clifton, NJ. They are near the Passaic river flood zone based on a few flood maps that I checked. I don't know if they were affected in the past, but it seems unlikely that they were. On the other hand they are 5-7 streets away from the flood inundation point, and with global warming on the rise I am afraid this will make resale value low should they get affected by floods in the future. Have you ever considered floods or other natural disasters in your analysis? Or am I being too cautious?

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