Today on the Southern California Real Estate Report we talk about how Real Estate will be impacted about the new changes to the fault line map.
The California Geological Survey has released updated maps showing an expansion of existing fault lines in San Diego.
The biggest one being the fault line running from Mission Bay through the Airport, and into Mission and Bankers Hill.
The impact to Real Estate is great. Not only are owners now finding out their property is on or near a fault line but they will need to disclose it in future sales.
Owners might also need to make improvement to their Real Estate to account for the proximity of their Real Estate to fault lines.
Developers may be required to conduct a fault hazard investigation on proposed construction and development projects.