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About Elevation Certificates
New homebuyers on SPI are often surprised to be asked for a specific document generally unheard of in other parts of the country. They will be told that without this document, their new property cannot be insured, their lender cannot process the loan, and the closing will be delayed—indefinitely.
This rather crucial piece of paper is known as an elevation certificate, and to be insured for flood on South Padre and surrounding areas, you will be required to present one to your insurer. But what is it, and why do you need it?
To answer this question, I consulted Jose Media, Engineer with Ferris & Flinn, LLC. The folks at Ferris & Flinn have created many surveys and elevation certificates for our real estate clients. They are the “guys in the know”.
Simply put, an elevation certificate discloses the elevation of your property. This information determines your flood risk and the resulting rates for your flood insurance.
Federal Emergency Management Agency (FEMA) conducts engineering studies to create flood maps in areas at risk. Once the engineer determines the elevation (number of feet above sea level) of your property, a zone will be assigned from the FEMA flood zone map. This zone will determine the rate for your flood insurance.
The whole process sounds complicated, but an informed homebuyer can streamline the process if he or she understands the various ways to obtain an elevation certificate. For example, a newer property will have a certificate drawn up with the original plans. If this is the case, the certificate can be requested when the survey and other pertinent documents are provided by the seller or builder. Sometimes the insurer will have it as well.
If the certificate has been lost, or if it never existed, as in the case of an older home, it will be necessary to have one prepared. An elevation certificate must be prepared and certified by a land surveyor, engineer, or architect who is legally authorized to do so. The cost is generally $250 to $300 and takes a week or so to prepare.
The most important thing for a prospective buyer to understand is the importance of requesting or ordering the certificate early in the process. There is no need for an informed buyer to suffer the closing delays and possible loss of the property over an elevation certificate.
Wendy Hauschildt is responsible for marketing and design for Coastal Properties GMAC Real Estate and is also a contributing columnist for the Island Breeze newspaper on South Padre Island.
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Wendy Hauschildt is a licensed Texas Real Estate agent and columnist for South Padre Island's newspaper.
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| Home Buyer Must Haves – Today
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Number of Views: 12271
These days, buildings are trendy, kitchens are seriously trendy, baths can be elevated to high fashion, and ceilings are certainly cutting edge.
New buyers are demanding that their properties meet high design standards. And it is surprising where the décor fashions are popping up.
The first buyer must have – Ceilings
Popcorn ceilings are now the pinnacle of bad ceiling style. Smooth is in and acoustic popcorn spray is seriously out. This is odd as the new ceiling height expectations make popcorn texture barely visible. 9 – 11 foot ceilings are now the desirable norm. In addition, architecturally accented ceilings are favorable. Add a tray design, raised panel for lighting, or barrel ceiling for maximum trendiness.
The second buyer must have – Lighting
Florescent lights are officially a bad idea. Preferred lighting includes pendant lights, track lighting, and recessed lighting. Additional accent lights are a big deal as well. Buyers like to see under the counter halogens, over the cabinet lighting, or even lit glass cabinets. To combine trends, include accent lighting in your raised tray ceiling design. Bathroom lighting has grown up, too. A row of round vanity bulbs on a mirrored fixture won't meet with buyer enthusiasm. Look for stylized fixtures often flanking the mirror.
The third buyer must have – Bathrooms
A traditional vanity with faux marble top has been met with disdain in recent seasons. Tile top or granite has been better received. Bathroom sinks have changed, too. The pinnacle of trendiness are raised bowl sinks with faucets mounted in the wall above. They may be glass, porcelain, stone, or even wood. They are almost too pretty to spit toothpaste in. Fiberglass shower surrounds are out as well. Buyers prefer a tile or granite surround. Open showers without doors are a unique new trend. Of course, these must be cleverly designed to prevent flooding.
The fourth buyer must have – Flooring
On South Padre Island we don’t see a lot of carpet anymore. Living areas are definitely covered in a hard flooring. Tile, marble, travertine, bamboo, or hardwood are acceptable. Tile sizes have changed, too. Traditional 12 inch tiles are a thing of the past. Now 14 – 24 inch tiles have become the favorite. Colors are fairly neutral, but quality is a big consideration.
The fifth buyer must have – Architectural Elements
New builders have been getting creative. Otherwise vacant walls are now sporting elegant niches. Some may be deep enough for shelves, others are shallow lit spaces designed for displaying art. Door frames that used to be square are now soaring arches. Cathedral ceilings may make room for high sculpture storage, and accent windows are appearing everywhere.
Feeling less than trendy? These kind of specific changes may not be a remodel option for older, low ceiling properties with Hollywood baths and nicheless walls. But don’t be alarmed. Someday smooth ceilings will be sprayed with popcorn again, and owners of high ceilinged homes will be wondering why their electric bills are so high. These trends too shall pass.
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Our Real Estate Advisor magazine is full of articles, real estate trends, and advice. Plus, it includes all the best listings for South Padre, Port Isabel, Laguna Vista, and the SPI Golf Course. Contact us to have a copy of the magazine mailed to you or click here to download a .pdf version.
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