New FEMA Flood Maps may not sound the most exciting news story – however they are of utmost importance to all areas of real estate.
Yes the climate here in Malibu and southern California itself does not usually lend itself to flooding, the federal government is now requiring tens of thousands of residential and commercial property owners in the region to purchase flood insurance due to new maps that claim they are located in high-risk flood zones.
The new flood maps are part of a nationwide initiative started by the Federal Emergency Management Agency seven years ago to pinpoint lands likely to flood in a “100 Year Storm” which has a 1% chance of occuring each year. In developing the maps, FEMA conducts a Flood Insurance Study to calculate a community?s flood risk, the agency states on its Web site. The study includes statistical data for river flow, storm tides, hydrologic and hydraulic analyses, and rainfall and topographic surveys.
The revised Flood Maps have largely missed Maliubu – which is good news for Homeowners and those looking to relocate here as Flood Insurance can be expensive. According to FEMA on its website, it says that the West Coast rainy season usually lasts from November to April and it is during this time that flooding is a concern. Particularly with wildfires which plague the region.
All flood-risk maps that indicate whether a property is located in a high-risk flood zone are available online at www.fema.gov or www.floodsmart.gov – Check your home today!
If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.
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Judy Kunisaki – CA DRE license 00963582
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[...] Or, of course consider relocating to the city? After all, who would not want to live in Malibu, with its beautiful ocean, the Santa Monica mountains, stunning properties as well as that great climate. [...]