Getting Started
Understanding and using the FloodPoint USA Website.
WHAT ARE YOU LOOKING FOR?
FLOODPLAIN APPRAISAL GUIDANCE
TOPICS COVERED IN THE ACV GUIDEBOOK
ACV PROCESS
ACV METHODOLOGY IS SIMPLE AND DIRECT
- ACV = Building Reproduction Cost – Physical Depreciation
MYTH BUSTING
50 Percent Rule appraisals affect your assessment
Below-ground foundations aren’t included in building value
The 50 Percent Rule is always 50 Percent
The NFIP is a voluntary program (true, but..)
If you don’t have a mortgage you don’t have to comply with NFIP regulations
NFIP regulations are imposed on us by FEMA
Appraisers know what buildings and property is worth
Replication cost psf shouldn’t be higher than the ICC tables cost averages (usually false)
NFIP regulations are administered the same nationwide
It’s a FEMA appraisal
If you have a non-conforming building in the floodplain and you make a 2nd floor addition you don’t come under the 50 Percent Rule