FEMA Appraisal in Key Largo

Experienced Key Largo FEMA Appraisers

If you are looking to repair or renovate your home or business in Key Largo today, you must understand and consider current FEMA regulations in order to be compliant. Having a professional conduct a 50% FEMA rule appraisal in Key Largo is of the utmost importance before you begin renovations.

We Serve All of South Florida

At FEMA Appraisals, we serve all of South Florida for both residential and commercial FEMA appraisals, 50% FEMA rule appraisals, actual cash value appraisals and substantial improvement appraisals in Key Largo.

What is the FEMA 50% Rule?

Any municipality that wants to offer federally backed flood insurance to its citizens must comply with the FEMA 50% rule. This rule applies to any structure where the first floor lies below the current 100-year flood elevation. Any renovation or substantial improvement to a property that exceeds the boundaries of the 50% rule  must bring the first floor up to today’s flood damage prevention standards including bringing the first floor elevation up to or above the 100-year flood elevation. This can be extremely costly for a property owner.

The definition of “substantial improvement” typically uses the FEMA 50% rule. This says “if the cost of improvement and addition or the cost to repair exceeds 50% of the depreciated market value of the structure, it must be brought up to current floodplain management standards.” This is when it becomes paramount to be able to determine that “depreciated market value”.

What is Involved in a FEMA Appraisal?

It is especially important to note that particular costs don’t count toward the value of a structure under FEMA’s 50% rule. Some of these include driveways, pools, seawalls, surveys, permits, plans and other items. That is why it’s important to get the advice of an experienced FEMA appraiser in Key Largo to ensure that your appraisal doesn’t leave you more financially exposed than necessary.

Who is Affected?

Structures that are within flood zones A1-30, AE, AH, V1-30, V and VE on the current Flood Insurance Rate Map are subject to the FEMA regulations when improving, renovating or repairing. Needless to say, bringing your home or business up to current floodplain management standards, especially bringing the entire elevation up to 100-year flood elevation standards, can be extremely costly. You will want the expertise of an appraiser experienced in FEMA substantial improvement appraisals in Key Largo.

What Sets Us Apart?

At FEMA Appraisals, we offer the highest quality Key Largo actual cash value appraisals. With experienced licensed appraisers on staff, we understand regulations as they pertain to your unique renovation or repair. We

• Are appraisers who are completely independent of any real estate brokerage firm
• Are experts in various property types
• Are MAI designated commercial appraisers
• Charge no brand fees
• Offer services that are above industry standards
• Use only superior databases and resources
• Utilize rigorous review procedures
• Charge fair prices
• Offer client-oriented service

Experienced FEMA Appraisers

At FEMA Appraisals, we fully understand all FEMA regulations and have assisted hundreds of  Key Largo property owners to interpret their financial and legal exposure when renovating or repairing a home or commercial building. By conducting a comprehensive FEMA appraisal in Key Largo, we will help you determine the actual cash value of your property before any construction takes place. This enables you to have all the information necessary before beginning a costly renovation project.

Call Before You Renovate or Repair

For nearly two decades, the professionals at FEMA Appraisals have helped countless home and business owners when it comes time to renovate, refurbish or repair a structure that falls within the constraints of the FEMA 50% rule. We understand FEMA guidelines and regulations and deliver the highest quality appraisals that meet their criteria.

If you are considering a renovation or repair in a flood zone, you should get the advice of a professional. FEMA Appraisal can assist you with an expert 50% FEMA rule appraisal. Call the team at FEMA Appraisals at Dade Appraisals at 305-595-1312.