Case Study

Residential

$130K+ in Added Property Value Across TX Portfolio

Multiple, TX

$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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Through meticulous assessment and expertise, National Flood Experts successfully confirmed the removal of 20.1 acres from the flood zone, effectively doubling the developable acreage of a parcel in Buda, TX. This game-changing solution not only increased the property value but also played a pivotal role in broadening the buyer pool.

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Flood Insurance Mandates Removed

Maximizing Property Value via Letter of Map Amendment - Longview, TX

Discover how a multifamily property investor improved the value and marketability of their flood-zone property through NFE's proactive outreach and innovative solutions. Despite not having a mortgage and lender requirement for flood insurance, the owner understood the benefits of obtaining a LOMA to boost property value and future market appeal.