Coastal Flooding is becoming a big and bigger issue around the world. The following is a good article on the subject.
The next big question is whose responsibility is it going to be to inform a potential buyer that the home they are about to purchase lies in one of these areas. While it may be common knowledge to people who live in the area, an out-of-town purchaser may not know or even think to ask about this. In Florida, many homeowners are finding that, due to coastal flooding, when they go to make renovations to their home, depending on the cost of that renovation, that they may have to raise the elevation of their home. That usually costs more than the renovation itself.
Coastal Flooding is an issue that should not be taken lightly by anyone in the industry, from real estate agents, mortgage lenders, title companies, appraisers, to home inspectors.
Posted by Bill Siegel Florida Home Inspection Team Inc.