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Looking at Remodeled Flood Homes? 3 Important Things to Consider
Hurricane Harvey dropped an unprecedented amount of rain on the Katy and Houston area, flooding over 100,000 homes in the process. While some residents chose to rebuild, others sold their flood-damaged homes to investors who remodeled the houses - with many of them going up for sale.
These homes can be a fantastic opportunity for buyers to get an upgraded home at a discounted price. But not all post-flood renovations are created equal. I'm not only an agent, but I'm also a real estate investor. I've purchased and remodeled several flood homes, which has given me a unique perspective and an in-depth understanding of the potential problems these homes can contain - as well as unfortunate shortcuts some people might take when rehabbing them. So, if your buyer is looking at formerly flooded homes, here are a few questions you should ask before you're locked into the deal.
Is this the first time the home has flooded?
Just because a listing notates a home was flooded during Harvey doesn't mean that is the only time it's flooded. Be sure to ask if the house has ever flooded before Harvey. If the current owner is unsure, you can ask your insurance agent to check if ... more

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