October 16, 2024
Tips for Selling Michigan Land in a Flood Zone
Michigan, the Great Lakes State, is renowned for its diverse landscapes and abundant water resources. However, this abundance of water also presents unique challenges for landowners, particularly those with property in flood-prone areas. According to the Michigan Department of Environment, Great Lakes, and Energy (EGLE), approximately 6% of Michigan's land area is within the 100-year floodplain, affecting over 200,000 structures across the state. Furthermore, a recent study by Michigan State University's Institute of Water Research found that the frequency of extreme precipitation events in Michigan has increased by 35% since 1951, potentially expanding flood-prone areas.
