Disaster zone or winner’s circle?

Whether you live in Brisbane’s flood plain setting, or are surrounded by thick, drought-prone bushland, natural disaster zones can be both beautiful and hazardous. And never more so than in summer, now just a few months away. But you can protect your house and even enjoy great price growth and sales while enjoying life in our land of droughts and flooding rains, bushfires, storms and cyclones.

Disaster tests

Homes in risk-prone places can still sell for high prices, with many buyers happy to take the chance that floods and fires won’t occur again soon. For investors, such homes can also give back strong rental returns and similar. However, it’s still crucial to check certain points before buying these houses. Thanks to 21st century technology and an increasing awareness of natural disasters, buyers can assess the risk of an area well before the auction hammer falls. As an example, Brisbane City Council offers a free online flood awareness map wherein people can check specific addresses and larger suburban displays for potential downpour possibilities and impacts.

Factors to consider

Early on, you should start asking insurance companies about their premiums for disaster danger homes. Extra protection at more expense is often required for these properties. Bear in mind as well that the house may need substantial renovations after recent devastation and that insurances may rise after a flood or fire has swept through the vicinity. Consider paying for total replacement cover, which while potentially more expensive, should cover whatever costs are needed to repair or rebuild the house. Also ask your local council or similar about renovation rules. The home may be structurally sound with good plumbing and wiring but damp walls can be a problem for years after a flood. So, even more so than usual, ensure you obtain a professional building inspection ASAP. You may want to consider flood-resistant materials, structure anchorage and related issues.

Keeping safe in the future

For house owners already living in a flood, fire or storm-prone area, regular maintenance is extremely important. In flood risk spaces, ensure your house is elevated and set above flood levels, well away from rivers and ponds. Clean your gutters and drains regularly. If you’re in or near bushland, keep your house well clear of thick vegetation and throughout the year, clean the property lot of flammable leaves and bushes. If possible, install a reliable sprinkler system and keep lawns and trees moist.

Make no mistake. Buying a house in a disaster risk area isn’t for the faint-hearted but done well – and with maintenance continued into the future – your dream home can survive into the future.

chrisbrown1224

Managing Director – New Vision Financial Services & New Vision Real Estate After years in the banking, finance & commercial sector Chris noticed that the industry needed a company with a personal touch that offered their customers a complete solution. In 2015 New Vision Financial Services was created to allow our consultants to use their experience (including approving and structuring large complex commercial transactions through to basic home loans) and to concentrate on offering a personalised service to their clients. With the growth and success of New Vision Financial Services a decision was made in 2019 to launch New Vision Real Estate to provide an end to end solution for client weather they be first home buyers or seasoned investors. Chris has built a team at New Vision Financial Services and New Vision Real Estate that have access to over 70 different lenders, insurers, lawyers, accountants and financial planners giving you more flexibility when making a decision. We offer a full service Real Estate agency offering Sales, Leasing, New Developments, House & Land and Commercial. Call me anytime on 0433 181 544 or email chris@newvisionfinancial.com.au The team at New Vision Financial Services have access to over 70 different lenders, giving you more flexibility when making a decision. Our consultants have had extensive experience within the banking, financial and corporate sector. At New Vision Financial Services we specialise in finance lending for home, investment, business, commercial, asset, debtor and many other requirements. As New Vision Financial Services has progressed, we have developed strong relationships with professional service providers such as; Financial Planners, Accountants, Settlement Agents, Leasing & Equipment Providers, Debt Management Specialists and any more to allow our clients access to a complete suite of services.