Climate change will probably lead to increasingly unpredictable patterns across the UK. Areas that were once safe from flooding could become established flood zones over the course of the next century. And you need to know what it means for you as a homeowner.
Perhaps you already have your eyes on a home that’s located in an area known for flooding. While that relatively cheap asking price might be attractive, you could end up paying a lot more for the property in the long run.
Before you do anything, ask yourself: should I buy a house in a flood zone? We’ve put together a few tips to help you make the right decision.
What factors are causing the floods?
Buying a house in a flood zone isn’t always a recipe for disaster. You have to know what causes the floods before you can make an informed decision. Perhaps there’s a nearby river that’s prone to bursting its banks. Or maybe a coastal property is at risk of severe tidal surges.
A major cause of urban flooding is inadequate drainage systems. You need to know what you’re dealing with so you can assess the risks and decide whether the bargain is worth it. You should also get an idea of what your building and contents insurance premiums will look like.
How prevalent is flooding in the UK?
According to The Environment Agency, around one in six properties is at a heightened risk of flooding. As a result, large swathes of countryside and coastal areas have been precluded from new house building projects. Unfortunately, some housebuilders continue to erect housing on known flood plains. Contact The Environment Agency if you have any concerns.
Areas of the UK are classified as anything from “high” to “very low” risk. This all depends on the area’s proximity to low-lying coastal areas, rivers, and known flood plains. Just remember that these areas are increasing in quantity and size. It’s worth checking the website regularly.
How does flooding affect home insurance?
Even areas at a slightly heightened risk of flooding attract higher-than-average insurance premiums. If you live somewhere that’s deemed “high risk”, there’s a good chance your insurer will request an “Insurance Related Request Letter”. This must be obtained from The Environment Agency. But getting the document could result in a substantial insurance discount.
Are there additional costs involved?
The most obvious additional cost is the extra insurance premium you’ll need to pay. But that’s not all. Some insurers will refuse cover unless you make improvements that can mitigate the effects of flooding. You may also need to demonstrate to your insurer that you have contingency plans in place in case the worst happens. This might include access to a pump and a supply of sandbags.
What other flood prevention measures can I take?
There are certain things you can do to your harm that can reduce the effects of flooding. The simple steps to take include installing tiles instead of carpet and installing waterproof doors. Also, make sure that all your power points are several feet from the floor. Most builders install them just a few inches from the skirting boards. It’s also a good idea to fit non-return valves in all your drains.
Selling a home in a flood zone?
If you’ve already bought a home in a flood zone, you might be keen to cut your losses and sell. You’ll need to be honest about the risks to potential buyers. And it’s a good idea to keep written records of flooding events and the subsequent repairs you carried out.
But the merest hint of a flooding risk can make selling a house very difficult. If you’re in a hurry to sell a house in a known flood zone, a “we buy any house” firm such as SellPropertyFastCash can help. You get a fair market price based on the risks involved, and you don’t need to worry about time-consuming processes such as marketing and conveyancing.
For more information on how https://www.sellpropertyfastcash.co.uk can help you find cash buyers for your house please visits our contact us page.
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