Long Beach Island NJ Flooding

Understanding Flooding and the LBI Real Estate Market

Long Beach Island Real Estate

Most buyers in the Long Beach Island real estate market are concerned with flooding. This is especially true since Hurricane Sandy. Flooding and flood insurance has to be understood by anyone looking to purchase a home in the Long Beach Island real estate market. For those looking to learn about the dynamics of flooding and flood insurance, there are a few basic things that should be understood. They are:

What causes flooding on Long Beach Island
What homes are at the most significant risk for flooding
How does flood insurance impact the LBI real estate market

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Long Beach Island NJ Flooding

Flooding is a somewhat common occurrence on any barrier island. Buyers must realize that as an island, we are surrounded by water-flooding is a part of life here! While significant weather events, such as Hurricane Sandy, certainly captured national attention, flooding is far more likely to occur from a strong nor’ easter or even a high tide and full moon combination. These natural weather occurrences make it essential for any buyer to understand the areas that are more or less at risk of a flood. Generally speaking, the bayside is more at risk than their oceanside counterparts. These at-risk sections can further be broken down into individual sections of Long Beach Island. There are higher and lower areas of the bayside (and oceanside) that can increase or decrease the risk of flooding. These elevation differences all come into play when determining the cost of flood insurance. Flood insurance can and does play a role in the overall value of a home in the LBI real estate market.

Buying in the Long Beach Island Real Estate Market

Buying a home in the LBI real estate market is a significant investment and one that should be engaged only after a complete understanding of what determines value. The potential for Long Beach Island flooding and the cost of flood insurance is one of the predominant factors in this determination. Understanding the pros and cons of the different areas and your risk levels of flooding can go a long way to securing your investment. If you have any questions about buying, selling, or investing in the LBI real estate market, please do not hesitate to contact me.

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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