buying a house next to a retention pond

Your HOAs poorly designed or managed storm water system can create damages for property owners in neighboring communities. They said they were concerned that the new pond could bring on old problems. Thats not exactly a selling point for home buyers, is it? The dead fish were first noticed Sunday morning. From resources to get started to the latest market data, find what you need to keep growing. So, several decades ago, home builders and savvy real estate professionals decided to sell housing consumers on the notion that these small lakes and ponds are attractive water features. Does anyone have any experience in the area? Where there was initially intended to be some grasses, trees have come up and its clearly not functioning the way it was intended.. Children are attracted to water, and retention ponds offer ready access. Also, ask yourself if they can fill up and flood. A view of a water quality pond may sound enticing, but if maintenance and maintenance costs for the basin isnt high on your priority list be sure that you didnt buy the pond before purchase. My husband and I are looking to buy our very first home! Just because a wetland is not identified by these sources does not mean an area isnt a wetland. Oftentimes the water is not moving and the pond is just a large pit of standing water. foreclosure Its less valuable to me, but thats just me. While there are some advantages to living near a retention pondpeace and quiet, green space, fewer neighbors nearby, and a decreased risk of floodingpotential buyers have other factors to consider. That would hold true even if the pond did overflow due to poor design. Usually, a pond of 12.5 acre-feet capacity is required to collect stormwater from one quarter of land. How do I upload the photos? One of the homes was beautiful, but at the time I had a 3- and 1-year-old and wasnt comfortable with that. Basically, all private property owners in newer association-governed communities are expected to maintain and manage their own stormwater infrastructure, with little or no guidance, assistance, or oversight from local government. Have you ever seen a real estate ad for a home boasting its water view or a lake view? buying a home with a pond in the backyard - Houzz MIDWEST CITY, Okla. A Midwest City neighborhoods concerns are being addressed. The only issue is that the house is right next to a huge detention pond. I would never buy a house with a storm water management (SWM) pond right next door. In general, algae are essential for a healthy pond. Athensmom - if it is blocked with vegeation, would that change your mind? [Advice] buying a home next to a retention pond. : r/RealEstate - Reddit According to the report, hundreds if not thousands of fish died asa result of the lowered oxygen levels. According to the U.S. Department of Housing and Urban Development (HUD), approximately 40,000 veterans are homeless on any given night. One kind is just a grassy depression (usually fairly dry), and the other kind is a vegetation-filled, cat-o-nine-tails swamp. Public Infrastructure Fee is not a tax (Florida), HOA power relationship, problem-solving, and communication patterns during a major building renovation construction crisis, Beavers building natural dams that obstruct the flow of water, or cause upstream flooding, An overabundance of rodents and mosquitoes. Who pays if it floods? We are looking to buy a house. Its primary purpose is to collect stormwater runoff for environmental purposes or flood control, although it may sometimes also provide a manmade habitat for birds, fish, and wildlife. Buying a Home Near a Retention Pond? Its a platform to accomplish our mission: to help Americas churches and related ministries build the Kingdom. One that I drive by regularly has the retention pond running as a long strip behind two strips of houses/townhouses. Read more (Video): We have for more than 100 years. How to Keep Your HOA Pond Water Clean and Clear Buying a house that backs up to a retention pond. - Sarasota An algae bloom can reduce the oxygen available to support fish and other plant life within the pond. Privacy Policy, 2023 Brotherhood Mutual Insurance Company. Streambank erosion can take out infrastructure and property. While preserve lots can be naturally attractive, the home buyer needs to be aware that being up close and personal with Mother Nature sometimes has its disadvantages. . Until a stream reaches a new equilibrium it will continue to erode and widen. Algae problems usually occur due to ponds being neglected. The buried sewer line is outside the perimeter of the house owned lot but close enough with in 500 feet and has visible manhole access at certain intervals. The swampy kind would be a turn-off to me, and would probably scare away buyers with young children. The company is also bringing in an independent engineer to design a concrete retaining wall that will be paid for with a $58,000 gift to the homeowners association. Usually they are owned by HOA and so you should have control of what is done with them. Home buyers or condo tenants rave about their view of a natural setting. Maybe we should go back and look at the three prime rules of buying real estate: Location, location, and location. Government has also failed to maintain infrastructure inlcuding wetlands and stormwater drainage systems thats why so much of it is in need of repair or remediation but at least public entities such as cities, counties, and states have access to experts, contractors, paid staff and engineers, and long-term financing options. DH and I call it "Ammersee Ditches". My husband and I are looking to buy our very first home! Most privately owned retention ponds and wetland preserves (or conservation areas) are poorly maintained and managed. And when they do occur, the stench is terrible. We went through some pretty torrential rains during the hurricanes, Ed Small, a Carolina Shores resident, said. And when the HOA fails to control overgrowth of a wetland onto private or common property, the wetland eventually expands its borders and takes over. They protect the entire community from flooding, even those homes not on the ponds. I would appreciate your input regarding this. We have twotownship ownedone on either side at the end of our development. For example, the community may face any number of challenges, including, but not limited to the following: Below I have posted several documented examples of ponds and wetlands that have become unsightly, unpleasant, and expensive maintenance liabilities. The attractive ones, I wouldn't hesitate to move next to one. From our perspective, insurance is more than a commercial endeavor. Forget swimming poolswhile necessary in many communities, retention ponds can easily be considered an HOAs greatest liability and expense. Tips for selling/buying & money transfer & useful websites? What are the chances that the HOA will begin to set aside money in reserves for future repairs? thoughts on buying a home next to a storm retention pond The retention ponds are engineered for stormwater runoff. How often do retention ponds overflow/flood? : RealEstate - Reddit Maintaining Your Residential Or Commercial Retention Pond - ArticleBiz.com In addition, while the rest of the area has a lot of flooding in severe rains., we have had none. Wetland maps are available from the National Wetlands Inventory, Cuyahoga County, and CSWCD via our resources page. There usually won't be standing water in the pond, but after thunderstorms, water could stay in the pond for a few days until it drains completely. Here are some of the problems associated with retention ponds, along with some risk management tips. Where can homeowners turn for help with HOA problems? They can also be deep and have a steep drop off at the water's edge, since they're designed for maximum rainwater collection. They tend to lack construction knowledge, engineering expertise, environmental education, and financial resources to do whats necessaary, OR they simply choose to spend money on other things. Houzz Pro: One simple solution for contractors and design pros, Plant Canadian anemone along pond, lake or stream edges for a splash of white flowers in late spring, Mimic a mermaid in a secret grotto, wade near a waterfall or pose by a pond. A collage of self-portraits Erica Bergeron had posted on her Facebook page in 2019. house By posting proper warnings and practicing routine maintenance, you can keep them safe and attractive. Before purchasing a property consider the grading and drainage patterns. Read more: Would you Buy House Next to a Water Easement/Detention Pond? All that to say that it depends on the care put into it, which I think depends on the intended market for the homes in the neighborhood. landlords Yet very few HOAs regularly inspect their stormwater management components. Ensure the property isnt the low point of the neighborhood. Were just kind of concerned because we see what this pond is doing and then the new pond has steep sides also, Kathy Fetters told News 4. YOUR insurance pays, providing you have flood insurance to begin with. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. No, I wouldn't want the drowning risk. Easements grant the right to use and access a part of your property and can limit what you can grow or build. Otherwise let him buy the house with the pond and you can buy a different house in a neighborhood you prefer. The HOA transfer for the old pond went through, but residents said they were concerned they would be forced to pay for any problems. Nobody is going to want to buy a house where they have a view (or smell) of an unsightly stormwater retention pond. Retention ponds are an increasingly popular way to deal with storm water drainage. real estate I have a bit of a strange question. Pros and cons of living next to a pond (price, properties, expensive I would like to post a few pictures of the detention pond, but don't know how to do that on this website? In addition to researching potential for flooding you should also consider potential threats to any planned infrastructure that may occur because of future development. When they are relatively new, water in the pond tends to be relatively clear. it would be a major hit on resale, I think. Another tried to work the ponds into the overall design, running them in a quasi-natural shape, but again in a narrow strip behind the houses. You may be a trained urban planner, but your statements indication you don't know much about how retention ponds work and who is responsible for them. Here are some of the things that might be needed when buying a house in New Jersey, using a mortgage loan. The system works by allowing a large collection area, or basin, for the water. I have seen subdivisions where the ponds remain full of water and are kept up nicely (kind of park-like), which attracts geese and ducks. You might be wondering: what are retention ponds used for? Make sure land slopes away from the house to prevent basement flooding. Developers (at least around here) know that these questions will come up (value, desireability) and generally make them look pretty nice via landscaping so alleviate these issues. Quickly match with an investor-friendly agent who can help you find, analyze, and close your next deal. Dry detention ponds generally use a very small slope to divert water. Because of the high cost of the initial installation, monthly maintenance and periodic removal of sediment buildup, it is recommended that associations set aside 12% of their yearly budget for a small retention pond, and up to 35% for a larger pond. Would you Live Next to a Water Easement/Detention Pond? - Houzz Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! I'm sure it will affect resale somewhat but I'm not worrying about that as we plan to be there for quite awhile. New Jersey Buyer Closing Costs: How Much Will You Pay? - Clever Real Estate Detention ponds are traditionally dry except during flooding weather to help control and manage the movement and settling of water. Risk #1: Drowning Children are attracted to water, and retention ponds offer ready access. We planted a willow tree in the middle that grew beautifully. These pool designs let imagination take the lead, With water in the back and a descent to get in, this skillfully designed modern home keeps its cool in the Southwestern sun, Choosing a place to settle in for the golden years? mortgages homebuying I know in some areas detention ponds are marketed as water features, with fountains, elaborate landscaping, etc. They often have a few inches of water in them since mud and debris has built up around the normal drain that is used to limit the outflow to avoid creek flooding downstream. Is a DR Horton home something we need to be concerned about too? While it may look like a regular water feature, a retention pond serves a much greater purpose. 2) Streamside property may sound like a dream. While closing costs can be expensive, one of the largest mortgage expenses is the interest rate. A fenced and posted cement 'tank' is something else, and I'd call it an irremedial defect. Weeds/Debris. Lacamas Lakes story serves as evidence that even homeowners with financial affluence may fail to properly maintain their storm water management systems and neglect to be responsible stewards of wetlands and other conservation areas. loan Thanks everyone for the comments and insight. In our case the streams then drain into the Myakka river. Did not do this one. You don't have much danger of your property flooding because of the pond. Either way, the problem for homeowners is that they have no control over how or IF the lands adjacent to their properties are mantained/managed. Is this area completely built-up, or will there be more water displaced as the area does build up? It is not attractive as is ;). I love the house and everything else fits the criteria, but now this . Buying a house next to a retention pond. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Also, it's a newer subdivision built in 2020 by DR Horton. The typical neighborhood is slab homes and townhouses, 3/2, tiny lots, some with no or single garages, geared toward first-time homebuyers or empty-nesters, with prices from 89K (really!) We have found a great neighborhood with a nice, 2 story house on a private cul-de-sac. Can You Buy a Home in New Jersey If You File for Bankruptcy? Contact us today to receive a free quote and see why our customers love us so much. Here are a few photos of the detention pond. If storm water drainage from the surrounding properties makes its way to the pond (by gravity)- that tells you the pond is much lower. buying a house Homeowners insurance is generally a prerequisite to obtain a mortgage for affected properties. www.brotherhoodmutual.com. 5) New development can require the construction of a storm water treatment facility like a detention basin, bioretention cell (engineered rain garden), or underground detention system.

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