Americans are more aware than ever of climate change and natural disasters in their homes. According to a report from realtor.com:
âMore than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .â
The study also found that many existing homeowners (34%) have already considered selling their houses and moving to a new location because of the changing climate. So, if youâre like those homeowners and are weighing your options about what to do next, hereâs some information to keep in mind as you begin the process of selling your existing house and searching for your new home.
Do Your Research and Work with a Real Estate Advisor To Find a Home That Meets Your Needs
As a homeowner, itâs impossible to control what types of weather events your home is exposed to. But, as Maiclaire Bolton Smith, Senior Leader of Research and Content Strategy for CoreLogic, says:
âYou canât necessarily remove the location from around you, but there are things you can do to mitigate damage that can happen.â
The first step is understanding how to navigate your home sale and purchase with these specific issues in mind. While that can seem like a complex undertaking at first, you can simplify the process with the appropriate resources and experts on your side.
The Mortgage Reports provides some tips for purchasing your next house, including, but not limited to:
- Vetting the location before you buy
- Researching Climate Action Plans and learning if the city or state has one
- Working with professionals for additional assessments on the homeâs ability to withstand natural disasters
Ultimately, your best resource is a trusted real estate professional throughout the process. An agent will help you navigate the sale and required disclosures for your existing home, be your expert advisor on local guidelines and information and keep your goals and concerns top of mind. Even if your advisor doesnât have the answers to all your questions about how your next home will stand up to natural disasters, they can help connect you with experts and resources who will.
Bottom Line
If youâre becoming more mindful about the effects of climate change and youâre ready to make a move, youâre not alone. Letâs connect, so you have a trusted advisor on your side to help you navigate the sale of your current house and find the perfect spot for your next home.