Owners of Real Estate Impacted by Sea Level Rise Flooding Have to Make Tough Decisions

Video: Owners of real estate impacted by sea level rise flooding have to decide “Should I stay or should I go?”

In the fourth Sea Level Rise Real Estate introductory video, we take a look at the challenges owners face when sea level rise flooding shows up in their communities or at their doors. The challenge for owners is to conduct a cost-benefit analysis that considers the extent of the flooding and what they and their local government can do to address it.

Owners also have to consider their ability to absorb higher costs for home maintenance, flood insurance, homeowners association and condo association fees, and taxes — revenue the government will need for resiliency or retreat. Every property owner has to decide for themselves — based primarily on their age, financial resources, and ability to manage property that floods or is at risk of flooding — how to proceed.

“Sea Level Rise Real Estate for Owners” gives owners a general picture of the issues they need to consider. “7 Sea Level Rise Real Estate Questions for Buyers, Sellers, Owners, and Real Estate Agents” goes more in-depth.

Author: Larry Richardson

Larry Richardson relies on his journalism, real estate, photography and videography experience and education to create SeaLevelRiseRealEstate.com and annual editions of "7 Sea Level Rise Real Estate Questions for Buyers, Sellers, Owners & Real Estate Agents." Richardson, an inactive but licensed real estate agent in Florida with a dozen years of experience, also owns StepByStepChef.com, which features YouTube videos with over 10 million views