FEMA Appraisals - North Miami Beach

Professional FEMA Appraisals in North Miami Beach

If you are looking to make repairs or renovations to any residential or commercial property in North Miami Beach, you may be subject to FEMA regulations that state you must elevate your home. Before you make any improvements or repairs to your property, you will want to understand the FEMA 50% Rule and whether they apply to your property. At Dade Appraisals, we can help you understand your obligations under current regulations with an independently conducted FEMA 50% appraisal in North Miami Beach.

Is Your Property Subject to FEMA Regulations?

If your home or building lies in a designated flood zone, it is subject to FEMA regulations when it comes to doing any repairs or improvements. Federally backed flood insurance requires adherence to specific rules governing those properties. These rules specifically apply to any structures where the lowest floor is below the 100-year flood elevation.

FEMA compliance affects anything you are doing to a building in the way of

• Renovations and remodeling
• Repairs
• Building additions
• Partial reconstruction

Simply put, under the 50% FEMA Rule, a building that lies in a flood zone and is substantially damaged or substantially improved will be treated as new construction when it comes to any repairs or renovations.

How is Substantial Improvement Defined?

The definition of “substantial” is determined by the 50% Rule that states that any construction, renovation or repair that equals or exceeds 50 percent of the market value of the structure before construction is considered substantial and must adhere to current flood damage prevention guidelines. Before doing any work to a building, it is important to get the services of an appraiser who can provide you with a North Miami Beach FEMA appraisal in order to determine whether your project fits the 50% rule.

As you can imagine, elevating the base floor of your entire structure can be extremely costly. You will want to have documentation providing an in-depth detailing of the depreciated or actual cash value (ACV) of your structure or improvement. This can be done with a North Miami Beach actual cash value appraisal.

In order to determine whether a building must be brought to Base Flood Elevation (BFE) or to determine a budget in order to remain under the 50% limit, it is important to get a professional substantial improvement appraisal in North Miami Beach. Having an independent FEMA appraisal done will provide an up-to-date cost replacement value so you will know exactly where you stand with regard to regulation adherence.

A Leader in the Appraisal Industry

Dade Appraisals has been a leader in the appraisal industry for nearly two decades. Each member of our appraisal team is a member of the Appraisal Institute and has years of experience.

As experienced FEMA appraisers, we provide reports on properties in North Miami Beach from $100,000 to several million dollars, whether residential, commercial, or industrial in nature. We not only provide appraisals to property owners but also real estate clients who need to make informed investment decisions. We are experienced in all analysis and valuation of real estate in order to determine FEMA regulation compliance.

Call a Professional FEMA Appraiser

When you are in need of a FEMA appraisal in North Miami Beach, contact Dade Appraisals at 305-595-1312 to determine the cost value of your property for intended additions or renovations. We believe in exceeding industry standards with high quality and punctual FEMA appraisal services.

Understand what your responsibilities are under the FEMA 50% guidelines with a thorough analysis and valuation of your property. Call us today.