Tag Archives: Boulder County Floods

Boulder County Floods September 2013

Will Colorado floods affect property values?

The September floods in Colorado are, by many accounts, the worst case scenario. These conditions are the sort that cities consider in the creation of new flood plans. Without a doubt, the floods will change the lives and the way of life for many Coloradans. But will they have an adverse impact on property values in Colorado?

At our Housing Helpers Boulder office we are already getting this question from homeowners, prospective home buyers, and landlords alike.   Boulder Colorado, a place historically where property values have managed to stay relatively insulated from economic recessions, stock market crashes, terrorist attacks, and more.  Could the floods of epic proportions be the event that actually bring Boulder’s property values down?  According to a study found on the City of Boulder’s website, maybe they will. Maybe they won’t.

The study, published by Stephen Yao of Risk Frontiers – NHRC and Macquarie University, whether a property’s situation in a floodplain impacts its values or not depends on the premium placed on waterfront properties in the area. Some waterfronts are so in demand that owners are willing to take the risk of the 100 year flood in order to have the views and the conveniences of living close to the water.

Whether or not property values decline after a flood has taken place also vary from study to study and region to region. One point emerges from the various results, however. Being located in an area where a flood has occurred is more likely to impact property values than being located in a floodplain. How long adverse impacts of flooding on property values last depends on how extensive the damage was.

As Boulder and the region recover from the floods over the next days, weeks and months, the impact of this month’s events on the real estate market are uncertain.

Those of us in the industry will most certainly be paying attention to the situation, because the people we serve are relying on our experience in the area and our knowledge to make important decisions regarding the buying and selling of properties in the area.

More importantly for now we are simply focused on helping our neighbors, friends, and family to clean up and restore their lives to normalcy as much as possible.  For many of us it will be months, if not years, before the reminders of this epic event will be erased.

Boulder Temporary Housing      Rentals in Boulder

Boulder County Housing for those displaced by floods

Housing Helpers Boulder office re-opened today.  If you have been displaced by the floods in Boulder County, Lyons, Jamestown, Longmont, and surrounding areas we are available to help you find temporary housing and long term housing in Boulder County.  Our rental locating specialists are doing their best to coordinate all of the housing needs coming in with available properties for rent.

If you are in need of housing please call our Boulder office at 303.545.6000 or email us at boulderinfo@housinghelpers.com .   Or stop by at 2865 Baseline Rd in Boulder, we are open from 8:00 AM until 6:00 PM all week weather permitting.  We are dealing with hundreds of requests so please be patient we will get back to you as soon as possible.

ATTENTION BOULDER AREA PROPERTY OWNERS:  WE NEED MORE RENTALS IMMEDIATELY FOR THOSE AFFECTED BY THE FLOODS.  WE ARE ESPECIALLY IN NEED OF PLACES THAT WILL ALLOW PETS AS MANY OF THE DIPLACED FAMILIES HAVE THEIR PETS WITH THEM.  IF YOU HAVE A PROPERTY THAT YOU CAN MAKE AVAILABLE PLEASE CALL OUR BOULDER OFFICE AT 303.545.6000.  THANK YOU!

BOULDER COUNTY FLOOD RESOURCES:

Boulder Floods Road Closures Map   A good map showing most recent road closures in Boulder, Boulder County and throughout the front range.

Boulder Valley Humane Society   The Boulder Humane Society is available to accept animals needing shelter from evacuated areas of Boulder County. For an emergency or immediate assistance please contact Animal Care and Control directly at (303) 441-3333.

YMCA of Boulder County:   The YMCA of Boulder County has Red Cross Shelters available.  Please visit their website or contact their locations in Boulder and Lafayette.

2850 Mapleton Avenue
Boulder, CO 80301
303.442.2778 / Fax 303.442.2779

2800 Dagny Way
Lafayette, CO 80026
303.664.5455 / Fax 303.664.5456

FEMA ASSISTANCE

If you have suffered disaster-related losses be sure to check with FEMA to discuss your specific situation as the info above is just a summary of assistance that may be available.

Businesses and individuals who suffered losses can learn more and seek assistance by applying online at www.DisasterAssistance.gov or by calling 1.800.621.3362.

Before starting your application, best to have the following information available, if possible: business Federal Tax ID # (or social security number), insurance information, summary of damage, basic financial information, contact information, and direct deposit information (if you are approved for financial assistance).

If your business was not directly affected by the flooding but would like to volunteer staff time or services to help with recovery efforts, you can list your assistance at www.HelpColoradoNow.com.

 

 

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