Case Study

Residential

$130K+ in Added Property Value Across TX Portfolio

Multiple, TX

Image of Residential property for $130K+ in Added Property Value Across TX Portfolio

$8K in Insurance Mandate Removed

Solutions Found:

Flood Expert Survey

LOMA

Solutions Value: ≈$8K in Flood Insurance Mandates Removed, Adding $130K+ in Property Value

NFE Solutions: FES (Flood Expert Survey)

LOMA (Letter of Map Amendment)

After meeting at the Houston multifamily Investor Network Conference, National Flood Experts (NFE) helped a Victoria, TX, based real-estate firm add over $130K in property value by reducing their flood insurance premium by $8K across several properties.

The Client had concerns about the impact of the FEMA flood zone on their multifamily, residential, and commercial properties across Texas and wanted to explore options to reduce flood insurance premiums and increase the value of their properties. After the complimentary desktop engineering review, the engineering team recommended Flood Expert Surveys (FES) to gather additional property-specific data to maximize potential savings for each property. Following the FES work, we were able to successfully qualify several properties for Letter of Map Amendments (LOMA), which helped the client save over $8K in flood insurance premiums.

The results didn't stop there as the solutions added over $130K in property value.

Thanks to NFE's in-depth analysis, the Client was able to reduce their flood insurance premiums and add value to their property. The Client was pleased with the result and was grateful for NFE's dedication to uncovering cost-saving solutions.

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In this case study, we will explore how NFE helped a luxury multifamily property in Middletown, NY, in saving on flood expenses and enhancing property value by $221K+. The Client's insurance broker recommended NFE to alleviate the financial burden of increasing flood insurance premiums. Through a comprehensive engineering review and flood expert survey, NFE secured a LOMA for the Client, leading to a win-win situation for all parties.

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On a rushed timeline due to an upcoming sale, NFE's flood experts helped the nation's largest multi-family property owner save ≈$22K in annual flood insurance premiums while also adding $365K in property value for a 29-building property in Coral Springs, FL. NFE’s field work and engineering review maximized cost savings and helped the current and future owners avoid costly premium hikes on the horizon.