FEMA Compliant Appraisals
Actual Cash Value Appraisals
FEMA compliant Actual Cash Value Appraisals that adhere to the 50% rule are more important than ever. In light of all the damage due to the recent storms it is more important to focus on prevention than ever before. An ounce of prevention is worth a pound of cure, Benjamin Franklin. This beloved quote is particularly relevant when facing a Florida storm surge.
Preparation is Key
Homeowners with homes built to older codes are particularly vulnerable to rising water caused by storm surges. It is important that owners prepare their property prior to storms. This will likely minimize damage. When repairs or improvements are warranted, there are things to know about permitting.
Renovations that require permits can be tricky in FEMA assigned flood mitigation areas. These are typically those of substantial improvement, including electrical and/or plumbing, to name a few. An actual cash value appraisal report can assist in the approval of the maximum allowed under the FEMA guidelines. Visit https://www.fema.gov or your local municipality for details.
Very few appraisers are experienced in the new actual cash value requirements. I have and continue to educate myself in the ever-changing requirements and/or interpretations. Give me a call or e-mail if I can assist you in this matter. Shari
727-505-6706
For more information, please visit us on social media www.priorityappraisalfl.com, http://linkedin.com/in/shari-peterman-asa-ifa-2876795.
