THE FEMA 50% RULE - ASK THE EXPERT - MARIA SHELTON

Dated: February 3 2023

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Are you thinking about a major renovation project on the island? You should learn about the 50% rule from a direct expert, Maria Shelton.

A substantial improvement is any improvement to the structure excluding land value in excess of 50% of assessed or market value. 

If 50% is exceeded in a 12 month period the building must meet city ordinance VC 126 Flood Hazard Areas and possibly need to be elevated, basement filled in, flood vents installed, etc. 

Contact for Maria: 

 Maria C. SheltonNew Jersey State Certified General Real Estate Appraiser

  Residential and Commercial Real Estate Appraisals 

Tax Assessment Appeals, Mortgage, Estates, Matrimonial, Bankruptcy, Internal Revenue Service, Riparian Claims, New & Proposed Construction and Property Damage, Historic Property,  Flood Zone and Zoning Compliance, FEMA 50% Rule Appraisals     

 

 Expert Testimony for Litigated Real Estate Matters

                          

 Phone 609-653-9944     Cell 609-335-2059      mariashllbll@aol.com

                                         

                                  

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ANDI SINDERBRAND

Andrea Andi Bajzat Sinderbrand is a professional real estate agent and the Marketing Director at Farley & Ferry Realty Inc.Andi has been working at Farley & Ferry Realty since 2016. She is wor....

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