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Absolutely not. Flood insurance is so expensive and it is not worth the risk.
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No, I probably wouldn't buy a house to rehab unless it was on the very edge of the plain and I knew I could get a great deal on the
2. raising the house
Which probably wouldn't happen.
Yes. I would buy the property, but I would not build a house on it. If a house was already built there, I would not bother with it though.
I enjoy land that is not built on. I own a lot of very beautiful land in the country, and if I have an opportunity to buy a floodplain land I would, to conserve the land.
I recently visited for more information about flood area insurance from Refusedhouseinsurnace.com in the UK and they are providing good services for house insurance.
No, I would not buy a property in a flood area to live or to build a home on.
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Copyright © 2017 HubPages Inc. and respective owners.