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Honestly, with NW Arkansas being in the "Highlands", I don't think I'd go WITHOUT Flood Insurance regardless of FEMA maps.
It's not that expensive compared to Homeowner's.
The property you want to buy: how is the pricing compared to sold comps in the neighborhood/area?
It is still a fairly new neighboorhood and there is still alot of construction going on, house wise and rainwater drainage wise...
The houses were sold for about $91.5 per sq.ft in the past 6 months and these homes were not and still are not part of the floodzone. The house we are buying is for $90 per sq.ft and this was before we or the owners were aware of the floodzone problem..
Also, i said in my previous posts that there was road behind our house that was in the 100 year flood plan.. Actually i checked again and it is not... Sorry for the misinformation.. I had checked the FEMA and they showed that the roads were...... However, The FEMA maps are not as clear and informational as our gis city maps..
DH and I are in EXACTLY the same predicament. FEMA has declared a property we're interested in a 'High Risk' flood zone as it backs onto a creek, but in talking to the neighbors it's only the land that gets flooded- water never breaches the level of the houses. The subdivision was built in the 1950s and no neighbors recall the creek flooding up into the houses, and there are no signs in the house itself that it has been flooded at any stage in the recent past.
At this stage I think my husband and I are going to take the risk if the home inspection comes back clean enough, even though it will cost more money per year in flood insurance.
DH and I are in EXACTLY the same predicament. FEMA has declared a property we're interested in a 'High Risk' flood zone as it backs onto a creek, but in talking to the neighbors it's only the land that gets flooded- water never breaches the level of the houses. The subdivision was built in the 1950s and no neighbors recall the creek flooding up into the houses, and there are no signs in the house itself that it has been flooded at any stage in the recent past.
At this stage I think my husband and I are going to take the risk if the home inspection comes back clean enough, even though it will cost more money per year in flood insurance.
We have also met our potential neighbors lol and all of them said the same thing.. The water never backed up to their backyards either even though FEMA shows it does on their maps and they dont have to pay flood insurance either.
By the way, good luck with your purchase! what really matters is whether we are happy with our new home or not..
There are flood zones and then there are FLOOD ZONES. If you have a small creek or a big lake or a humongous river or a ginormous ocean then its different in different situations.
Does being in a flood zone affect raw land -trees?
Killed a lot of my trees in Sandy as salt water is nasty in particular to Pine trees.
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<Big sunny CA smirk>
