Today, the volunteer spirit is alive and well. In the spring of 2010, a stalled weather pattern sat over the state dumping dozens of inches of rain throughout a week-long period. The result was massive flooding the deluged residents from Memphis to outside of Nashville. Thousands of homes were underwater and many families and businesses lost everything.
One family of ten located in a 1200 square foot home had water to within a foot of the ceiling. All their electronics, clothes, furniture, photos, and other belongings were ruined. Another family had water that only came in and rose a foot. That family lost furniture, shoes, electronics, and kitchen and bathroom cabinets. In addition, 24 inches (half a 4x8 ft. piece of drywall) of wall from the floor up were removed due to water damage, and all the flooring throughout the entire home was ruined.
Tennesseans care about each other and they show it by helping get people in their homes. As a result of the flooding, real estate values in specific houses will sink where repairs are not adequately or professionally made. In addition, monthly payments will increase for homeowners as they pay flood insurance for protection in the event of future flooding.
On the positive side, most of the homeowners who have repaired their real estate are finding their homes now in better condition than they were before the flooding. With new cabinets, fresh paint, new flooring, new appliances, new vents, new trim, and new furniture, if they choose to sell buyers will appreciate getting a "like new" home for the price of an existing residence.
Most importantly, however, people who buy homes will find their communities are filled with compassionate, caring people.
Tennessee Mortgage Rates
Compare mortgage rates for Tennessee to stay on top of the average home value, market value changes, mortgage rates and more in Tennessee at Banks.com.
Compare mortgage rates for Tennessee to stay on top of the average home value, market value changes, mortgage rates and more in Tennessee at Banks.com.
Tennessee mortgage rates, home buying tools, average home value, real estate market trends