Are You a Homeowner Thinking About Climate Change?

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climate-change-real -estate

Americans are more aware than ever of the effects climate change and natural disasters can have on their homes.

According to a report from realtor.com:

More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .

The study also found that many existing homeowners (34%) have already considered selling their houses and moving to a new location because of the changing climate. If you’re like those homeowners and are weighing your options about what to do next, here’s some information to keep in mind as you begin the process of selling your existing house and searching for your new home.

Do Your Research and Work with a Real Estate Advisor To Find a Home That Meets Your Needs

As a homeowner, it’s impossible to control what types of weather events your home is exposed to. Maiclaire Bolton Smith, Senior Leader of Research and Content Strategy for CoreLogic, says:

You can’t necessarily remove the location from around you, but there are things you can do to mitigate damage that can happen.

The first step is understanding how to navigate your home sale and purchase with these specific issues in mind. While that can seem like a difficult undertaking at first, with the appropriate resources and experts on your side, you can simplify the process.

The Mortgage Reports provides some tips for purchasing your next house, including, but not limited to:

  • Vetting the location before you buy
  • Researching Climate Action Plans and learning if the city or state has one
  • Working with professionals for additional assessments on the home’s ability to withstand natural disasters

Ultimately, your best resource throughout the process is a trusted real estate professional. An agent will help you navigate the sale and required disclosures for your existing home, be your expert advisor on local guidelines and information, and keep your goals and concerns top of mind. Even if your advisor doesn’t have the answers to all your questions about how your next home will stand up to natural disasters, they can help connect you with experts and resources who will.

Diane Casey Luong can be reached at REMAX/Advantage 1, 25 Union Street, 4th Floor, Worcester, MA by calling  774-239-2939.

About Diane Casey Luong

As an award-winning, full-time Realtor®, Diane is a proven leader among Worcester MA real estate agents, fully committed to you and your property goals. It’s The Diane Difference!

As a requested speaker, Diane educates audiences on topics such as the purchasing foreclosure properties, nuances of the real estate market from neighborhood to neighborhood, and understanding the ever-changing trends in the real estate industry.

A graduate of the Massachusetts Academy of Real Estate, Diane has brought her expertise in real estate to Worcester, MA, and its surrounding towns.

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Diane Casey Luong
Realtor
REMAX Advantage 1
25 Union Street
4th Floor
Worcester, MA 01608