Understanding the New Flood Zones on LBI NJ
Flood Zones on Long Beach Island NJNathan Colmer: The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Flood Zones, Long Beach Island NJ, and Hurricane Sandy
Long Beach Island, NJ, sustained a direct hit from Hurricane Sandy, and while the LBI NJ area has made tremendous strides in recovery, there are still many unanswered questions. For many people, the central question pertains to flood zones on Long Beach Island, NJ. Flood zones, Long Beach Island, NJ, and Hurricane Sandy, are all directly involved with each other. It is important to understand how flood zones on Long Beach Island NJ impact your flood insurance rate and your ability to market and sell your property in the LBI real estate market.
Flood Zones: A and V
The federal government, which determines flood rates and flood zones on Long Beach Island, NJ, has performed a significant revision of the flood zones, and this revision is where many questions arise. There are two major zones to consider. Flood Zones: A and V. If your property is in an “A” zone, which the majority of Long Beach Island was prior to Hurricane Sandy, typically, one can anticipate lower rates and less restrictive building restrictions. If your property is located in a “V” zone, there are a few points to consider:
- Foundations must consist of breakaway walls and cannot be located on a solid block foundation
- The base flood elevation on Long Beach Island in a “V” zone tends to be higher. Usually about 10 feet
- Additional considerations must be made for new construction, such as sacrificial garage slabs (no more than 4″ thick and not reinforced by pilings)
If your property was located in an “A” zone and has now been redrawn to a “V” zone AND if your property sustained substantial damage, you must adhere to these new building guidelines or be exposed to higher flood insurance.
Flood Zones on Long Beach Island NJ and the LBI Real Estate Market
Flood zones on Long Beach Island, NJ, directly impact the value of your property in the LBI real estate market. If your property was substantially damaged and has been rezoned from an “A” to a “V” zone, the property must be raised onto pilings to adhere to the new flood guidelines. This can be difficult if the lot size does not allow for the structure (house) to be moved on the lot to enable pilings to be driven. The good news is, many towns on Long Beach Island, NJ, including Long Beach Township, have made provisions for structures to be moved into the street to allow for pilings to be driven and the property be raised. On the surface, the value of the house has been reduced dramatically if a rezoning has taken place and the home cannot be lifted. Hence, it is vital to understand all the rules of house raising and flood zones on Long Beach Island, NJ if you are considering selling your property in the LBI real estate market. For more information on flood zones, flood insurance, and the LBI real estate market, please contact Nathan Colmer at the Van Dyk Group!
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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