10 Benefits of Earthquake Proof Real Estate Properties
Earthquakes are a natural disaster that can happen to anyone, at any time. While there is no way to be fully prepared for an earthquake, knowing how to survive and what steps you should take after one has occurred will help keep you safe during the aftermath. For those looking into real estate investments, purchasing land in areas known for earthquakes may not seem like the smartest move. However, investing in property that is deemed earthquake-proof by geologists could save your life. Here are 10 benefits of buying earthquake proof real estate properties.
- The Likelihood of Being Destroyed
Earthquake-prone areas are more likely to be destroyed during large quakes than other regions. This means that if you purchase property in these regions, it will almost certainly withstand the next earthquake, as long as you have built your home properly.
- A Quick Return on Investment
If you decide to invest in earthquake-proof real estate properties, it is highly possible that you will see a return on your investment within five years. It’s important to remember that even though you’re buying a property with the intention of protecting yourself from earthquakes, this doesn’t mean you won’t ever need to sell. In fact, most people who live in earthquake-prone regions end up selling their property once they have outgrown their space or feel confident enough in their construction methods to move elsewhere.
- More Resale Value
The resale value of your home is going to increase exponentially when you purchase a house that is deemed earthquake-proof by geologists. Since this type of building is becoming increasingly popular, finding a buyer shouldn’t be difficult.
- Greater Safety
When an earthquake occurs, the chances of injury and death decrease significantly. By living in earthquake-proof housing, you will greatly reduce your risk of being injured or killed during an earthquake.
- Less Expensive Insurance
Insurance rates are generally higher for houses located in high-risk areas. If you choose to purchase earthquake-proof real estate, then you’ll enjoy lower insurance premiums because of your location.
- Better Quality Construction
Since many earthquakes occur during the night, it’s important to make sure that your building is constructed to last. Even if you don’t plan on living in the house forever, having a sturdy, well-built structure will ensure that you can use the house for at least a few years. This also means that you won’t have to worry about spending money on repairs or renovations.
- Reduced Stress and Anxiety
Being anxious and stressed after an earthquake can lead to health problems later down the road. By ensuring that you’re living in a home that is capable of withstanding a large earthquake, you’ll be able to relax and unwind without worrying about your safety. Purchasing earthquake-proof real estate will help you sleep easier at night.
- Lower Risk of Damage
Even if your home is damaged during the earthquake, the chances of causing significant damage to your neighbors are low. Buying earthquake-proof real estate will significantly reduce the chances of damaging nearby homes and buildings.
- Easier Repairs and Maintenance
Repairing or maintaining earthquake-proof structures is much easier than repairing regular houses. Since there are fewer cracks in the walls and floors, you won’t have to worry about putting too much stress on your joints while making repairs.
- Higher Demand for Housing
As more people begin to buy earthquake-proof real estate properties, the demand for these types of homes will rise dramatically. Many cities do not allow for any new construction in earthquake-prone areas, so if you purchase land in such a region, then you will have limited competition when trying to sell your house.
Final Words
While some may think that living in an area prone to earthquakes is a bad idea, it’s important to note that there are many benefits to owning real estate in these locations. Not only does it protect you from potential injuries, but it also increases the resale value of your home in the future. By purchasing earthquake-proof real estate, you’ll be able to rest easy at night knowing that your family is protected from future disasters.
