rich & REGULAR with Kiersten and Julien Saunders
Ep 122: How Climate Change affects Real Estate Investments
Aug 7, 2023
In this podcast, Kiersten and Julien discuss how climate change affects real estate investments. They explore the financial implications of climate change on property value, the overvaluation of properties, and the importance of evaluating climate resilience. They also provide tips on preparing for natural disasters, including inspecting property infrastructure, reviewing insurance coverage, and creating emergency procedures. Additionally, they discuss proactive measures such as self-insurance, home upgrades, and considering property in less climate vulnerable regions. They emphasize the significance of energy-efficient features, diversification of investments, and community engagement in climate-conscious real estate.
31:25
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Quick takeaways
- Evaluate your property by considering historical weather data and future climate projections to assess climate resilience for real estate investments.
- Proactively prepare for climate change by diversifying your real estate investments, considering climate-conscious features, and building relationships with local experts and communities.
Deep dives
Evaluate your property for climate resilience
Evaluate your property by considering historical weather data and future climate projections. Use tools like Risk Factor to understand risks from environmental threats such as flooding, wildfires, heat, and wind. Inspect your property's infrastructure and building design, landscaping, and drainage systems. Create a layered plan for different scenarios, including primary, contingency, and emergency plans. Regularly check your homeowners or renters insurance for adequate coverage.
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