The very real truth is that the problems associated with a community’s water crisis extend beyond the health problems caused. Just as people tend to avoid areas with chemical or oil spills for their vacation, so too do those looking for a new home. The loss of property value in those areas damaged by a water-related disaster can be far reaching and strip a family’s largest investment to almost nothing.
Examples of properties that can lose value due to a disaster or water contamination include:
- Resorts/vacation spots
- Lakefront/oceanfront property
- Experiential retreats (sandy beaches, lodges)
- Locations hosting water sports
- Hunting/fishing escapes
If you have questions about a loss of property value associated with water contamination or other local emergency, contact us today.