How Do Climate Risks Affect Your Next Home

How Do Climate Risks Affect Your Next Home? Climate change is starting to play a bigger role in where people decide to buy homes. According to the National Association of Realtors (NAR), a significant portion of recent movers, 63%, believe climate change will be an issue where they live. If you're planning to move, considering climate change is crucial. reports that climate risks impact real estate decisions now more than ever. So, how do you ensure your home is a safe investment? First, work with a local real estate agent to understand potential climate hazards like floods, wildfires, and wind in your desired area. Your agent can provide valuable insight into the risks you might face. Next, focus on the quality and resilience of the home. Ensure it's built to withstand environmental hazards using techniques like a secondary water barrier on the roof or fire-resistant exterior walls. Your agent can help you identify these features or negotiate needed upgrades. Lastly, look into appropriate home insurance. Selma Hepp from CoreLogic points out that insurance might get expensive or hard to obtain in high-risk areas. Get insurance quotes early to understand the costs involved. In short, buying a home with climate risks in mind ensures your investment is protected. With a knowledgeable agent guiding you, you can confidently navigate the homebuying process and find a home that's both safe and suitable for you. **Bottom Line** Climate change is a critical factor in homebuying. Let's discuss how you can find the perfect, secure home.

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