Global Warming Real Estate

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Global warming real estate concerns are more important than many real estate investors believe or even care to sit up and take notice of. The major problem will be that as the pace of the global warming effect takes place longer term investors should take notice of where to buy real estate, what type of real estate to buy and really how much to pay for real estate. The global warming effect has already affected real estate prices such as those in Florida where insurance costs have sky rocketed and driven the price of property ownership sky high. However as the impact of global warming real estate woes continue we examine the methodology of how to purchase global warming prepared real estate. Before you attempt to do anything you can make your home ‘environmentally ready’. Find a Remodler by just signing up by clicking on the REMODLER LINK TO YOUR LEFT!

You should not purchase properties that exist in lower lying communities and those that are drought prone and very hot out. This has two major effects, it gives rise to higher fuel costs for air conditioning and these areas are usually impacted faster by global warming.

Find out about your insurance options first before signing off at closing. Property location can cause very high insurance costs and mortgage lending companies will look at this when calculating the debt service ratio of a borrower. If you don’t consider buying global warming prepared real estate you could end up with extremely high insurance costs, limited insurance coverage and/or coverage that really does not protect the property at all.

Don’t buy Florida beach front property; this is because it’s right at sea level. Any beach front property globally cannot have a lifespan of 50 years or more. As global warming continues to cause rising sea levels then the coast line will recede. This is exacerbated as the existing home owners will have to face tougher building codes, zoning laws and restrictions and property coverage requirements. This is due to the fact that as state governments realize the damaging effect of these factors and will change laws to amend these problems.

Choose a property that is Leadership in Energy and Environmental Design-certified or what better known as LEED certified. These homes follow specific standards that are geared towards global warming real estate concerns. Lower energy costs and greater efficiency with land space mark what are galled greener building practices allow these individuals to create a home perfect to combat the effects of global warming.

These are only a few factors that might affect your properties; however you can make a step in the right direction by using these methods to combat the effects of this inevitable phenomenon and intimately make you a more prudent real estate investor.

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