FEMA Appraisal Services in St. Pete, Clearwater, Tampa, Port Richey and beyond.
Under the FEMA 50% Rule, a property can be improved up to 50% of its Net Structure Value after a natural disaster like a hurricane, flood or even a wildfire. We have experience in these types of property appraisals are knowledgeable in the application of this often misunderstood rule. State and local building codes are working in Florida today, with significant support from the 50% rule, to build safer, more flood-resistant communities. A Remodeling Project or Addition in a Flood Zone Area falls under the FEMA 50% Rule.
Also, Properties damaged by non-tropical summer storms or wildfire can fall under terms of this rule. If they sustain 50% or more of their pre-disaster, fair market value, they are treated as new structures and must be repaired or rebuilt in accordance with current state and local ordinances. At Priority Appraisal and Mortgage Services, we have the expertise to make these types of difficult appraisals and we can help you start rebuilding your home as quickly as possible.
For information regarding FEMA appraisals, contact us.Priority Appraisal and Mortgage Services, Inc. 7347 Newburns Place New Port Richey, FL 34655 (727) 505-6706 (727) 232-6153