How Climate Change is Impacting Real Estate in Charlotte

How Climate Change is Impacting Real Estate in Charlotte

  • Scott Pridemore
  • 10/15/24

How Climate Change is Impacting Real Estate in Charlotte

As climate change intensifies, its effects are felt across cities like Charlotte, NC. Homebuyers and investors are increasingly becoming aware of how flooding, extreme heat, and unpredictable weather patterns affect property values.

In Charlotte, frequent heatwaves are driving demand for energy-efficient homes with strong insulation, solar panels, and modern HVAC systems. Homes lacking these features may see lower property values as energy costs rise, and buyers prioritize staying cool in a warming climate.

Flooding is also a growing concern, particularly near creeks and rivers, like Little Sugar Creek Greenway. Buyers are cautious about flood-prone properties due to rising insurance premiums and the potential damage. Homes with proper drainage, elevated foundations, or located on higher ground are considered more climate-resilient and are maintaining, or even increasing, in value.

Neighborhoods like Myers Park and Dilworth—known for their older trees and higher terrain—are popular for those seeking climate-resilient homes. New developments in areas like Ballantyne are also incorporating green infrastructure and energy-saving features.

Being informed and proactive about climate risks can help buyers find homes that will retain value amid changing environmental conditions.

 

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