Are Cincinnati flood zones changing?

Dear clients and friends,

Today, let’s dive into an important question that’s becoming increasingly relevant: Are Cincinnati flood zones changing? With the recent surge of natural disasters, especially the devastating events in Florida last month, we’re unfortunately seeing changes to flood zone designations here in Cincinnati as well.

Why Are Flood Zones Changing?

Two major factors are contributing to these updates:

1. Climate Change: Our changing climate has intensified weather patterns, leading to shifts in flood risks even in areas that were once considered safe.
2. Improved Mapping Technology: Advances in satellite mapping allow for more accurate identification of flood-prone areas. As a result, some Cincinnati areas once labeled as low or no risk are now being reclassified as mid to high risk.

Real-Life Example: A Costly Surprise

Let me share a recent story to illustrate why these changes matter. One of our investor clients entered a contract for a property that was initially outside any flood zone. However, during the due diligence period, updated maps revealed the property now fell into a higher-risk flood zone. This reclassification meant an additional $2,000 annually for flood insurance—an unexpected expense that could significantly impact the property’s return on investment.

What Can You Do?

If you’re considering purchasing near the Ohio River or any waterways in the Greater Cincinnati area, it’s essential to take extra steps to avoid costly surprises:

• Consult Your Insurance Provider: Ask specific questions about flood coverage and find out if flood zone changes could impact your premiums.
• Check FEMA’s Resources: FEMA’s website and the National Flood Insurance Program site provide updated maps and information to help you verify flood risks.
• Understand the Financial Impact: Extra insurance costs of $2,000–$3,000 annually could affect your overall budget, whether you’re an investor or an owner-occupant.

Let Us Guide You

Flood zone changes are complex, but you don’t have to navigate them alone. Reach out to us at The Chabris Group, and we’ll ensure you have the information and guidance you need to make confident real estate decisions. We’re here to protect your investments and secure your peace of mind in your next transaction.