Las Vegas Real Estate

In the United States, there are some states that offer the best of both worlds a very high real estate appreciation rate and commercial values or prices of homes that are very reasonable. These states become the ideal place for real estate investors and homebuyers looking for a worthwhile investment, as they can be assured of very high returns in the future.

One such state is arizona, which has a 25 percent real estate appreciation rate and houses that only cost about $300,000. However, an even better example is nevada because in some of its cities, like las Vegas, the real estate appreciation rate is the highest in the country, and the average prices of homes remain very reasonable.

Real estate profile of las Vegas

The average price of single-family homes in las Vegas is about $360,000. Compared to similar highly urbanized cities like Los Angeles, where homes cost around $750,000, this price is very reasonable. Moreover, the very high real estate appreciation rate in the city, which rose to 28 percent in 2005, makes this a small price to pay for the returns that investors and homebuyers can get. If this trend continues, investors and homebuyers can expect the value of their homes to double in less than four years. Some people can expect returns of about $200,000 in the next two years or so.

Downside

However, the excellent real estate opportunities in the city may come with a price for some. The weather conditions in Las Vegas, for example, may not be for everyone. Moreover, people who relocate to Las Vegas may have to contend with being confined to the city, as nevada does not have as many urbanized cities they could visit as other states do.

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Houston Flood Insurance Information

The Houston area has an especially high risk for flood damage. The city is in an area that is at risk for hurricanes that can bring storm surges and very high levels of rainfall. The elevation of the city is close to sea level. The ground is mainly composed of clay that doesnt absorb water well. There are rivers, streams, and drainage channels that pass through Houston on the way to the gulf. There are bayous for storm water that can overflow with heavy rain and flood nearby areas. Heavy construction in the city often can result in flood problems for surrounding areas. Changing weather patterns from global warming and other factors may result in more intense weather events in the future.

You can visit the fema.gov website to view maps of the Houston areas flood zones. You will find that a large percentage of the city area has an elevated risk of flooding. Areas that have less risk are designated on the flood map as being in B, C, D, or X zones. It is important to remember that residents in low risk zones can suffer flood damage. If fact about 30% of all flood damages claims are from areas considered as lower risk.

We you are considering buying or leasing a residence it is important to consider the risk of flood. Ask your realtor or an insurance agent to tell you the flood zone for the property you are considering. If possible select a location in the B, C, D, or X zone. When you buy a property in a higher risk flood area you should consider the higher cost of flood insurance in your decision.

Flood insurance in most areas is inexpensive. Here is a chart of the current cost for homes that qualify for a preferred rate:

Home Coverage $20,000 Property Coverage $8,000 = $112 per year

Home Coverage $30,000 Property Coverage $12,000 = $138 per year

Home Coverage $50,000 Property Coverage $20,000 = $180 per year

Home Coverage $100,000 Property Coverage $40,000 = $233 per year

Home Coverage $200,000 Property Coverage $80,000 = $296 per year

Home Coverage $250,000 Property Coverage $100,000 = $317 per year

Contents only coverage is also available. texas residents can get more information at my Houston Flood Insurance website.

Lamb Insurance Agency, (Farmers Insurance) Auto, Home, Life, and Business Insurance for Texas - http://farmersagent.com/glamb/ or http://www.houston-renters-insurance.com

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