Im op of other thread. Children are attracted to water, and retention ponds offer ready access. Top 10 Real Estate Markets for Cash Flow in 2023. The grassy area wouldn't bother me at all, and a little bit of room between neighbors isn't such a bad thing. I think the old real estate adage of location, location, location is appropriate and would look for another lot . Sewer Line behind property and larger retention pond. Pros and cons of living next to a pond (price, properties, expensive We found a house that we love but it is next to a water retention pond. 1) Youve found your perfect dream home and you love the yard. Easy to construct and maintain if adequate space is available or provided. Government regulations, potential flooding, safety issues and added costs are among the concerns that need to be addressed by a prospective buyer. It was listed for less than 24 hours and the first people to look at it stayed for 6 hours and bought it that evening and we closed in thirty days for 5000$ less than asking. The company has since removed the dead fish and has offered to re-stock the pond with new fish, the station reported. In the back of the one we are looking at is a small natural pond that seems well maintained. There could also be a safety concern since we have a young child. Check to see that soils on site drain well. 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. We live in an older 1070s neighborhood in a semi-rural area. They appear to have been very well designed in their functioneven during the height of Hurricane Floyd in '99 when the homes were being built they did not overflow. Your opinion regarding a house backing up to the pond. 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. But theres more. financing Even if it was situated where I would have to look at it from my property, I still wouldn't want it. Your HOAs poorly designed or managed storm water system can create damages for property owners in neighboring communities. Thanks! 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. 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. Types of Retention Ponds & Benefits - Dirt Connections While it may look like a regular water feature, a retention pond serves a much greater purpose. Get the best funding for your strategy. A fenced and posted cement 'tank' is something else, and I'd call it an irremedial defect. Just because a wetland is not identified by these sources does not mean an area isnt a wetland. Consider the potential for a small creek to widen and meander before purchasing a property with a stream. However, these small aquatic plants can pose a problem when you have too much of it. Quite often, the HOA does own land that includes wetlands. I would consider the house, but I would expect the price to be lower than if the drainage pond was not there. Sometimes the owners make more money by selling permits to hunt on those properties even if they are in the middle of a subdivision.. While closing costs can be expensive, one of the largest mortgage expenses is the interest rate. Serve as storage facility for controlled release of water. chicagoerin Original Author 11 years ago Hi everyone, thanks for the input. I liked the house but the only problem is there is a detention pond next to the house. Most of these are used for stormwater management, which is why mosquitos are not a large problem. YOUR insurance pays, providing you have flood insurance to begin with. COPYRIGHT 2022 | SPECTRUM ASSOCIATION MANAGEMENT COMPANIES | ALL RIGHTS RESERVED, Creating Good: Employees Gift 63 Days of PTO to their Coworker, Family Comes First: Breast Cancer Awareness Month. Be sure to request county records, subdivision maps, or a formal survey to understand any and all easements on the property and what restrictions will be involved before considering purchase. I am just wondering whether this would be something I should be worried about and back off on this deal or if i should get certain specificinformationbefore I should proceed. Fish kills are a common occurrence in retention ponds. Unlike swimming pools, these basins typically arent fenced in. Would this deter people from buying this home? And finally, retention basins can affect property value, depending on how they are maintained and how well they function. loan Tips for Streamlining Your HOA Communitys Projects. The swampy kind would be a turn-off to me, and would probably scare away buyers with young children. Nationwide Pond Dredging Services Re:Would you buy a house that is next to a retention pond? Buying a house that backs up to a retention pond. - Sarasota Read more (Video): It sounds like this one will be dry most of the time, and wet only during periods of runoff. You're not alone. The core conflict in HOAs what divides communities? Is a DR Horton home something we need to be concerned about too? There are several items you should give consideration to before buying a property. They protect the entire community from flooding, even those homes not on the ponds. 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. Two I pass on the way to work every day are only about 5 feet below the houses nearby, and have filled completely and overflowed back towards the houses (they were also flowing over the road about 6 inches deep at that point. Healthy ponds require proper aeration, integrated pesticide management, and adequate pond weed control. Cookie Notice Let me know your thoughts. Any concerns about that? The city reserves a 30' easement for the lines to travel on the back and from the back to the property to the front of the road where it must connect to the other sewer lines. thoughts on buying a home next to a storm retention pond Would you live next to a retention pond? - Orlando - City-Data Help, please? Homeowners in the Turtlewood community called News 4 after learning about plans for a new retention pond in their neighborhood. We got a good price for it and I'm hoping with the right landscaping it will be great. They don't really bother me. Proper long-term maintenance requires regular inspection and repair of storm water infrastructure that feeds water into the pond, as well as any weir or dam that controls overflow of water to a wetland, another body of water, or communities located downstream. Opinions are like .., everyone has them. Does anyone have any experience in the area? Questions About BiggerPockets & Official Site Announcements, Home Owner Association (HOA) Issues & Problems, Real Estate Technology, Social Media, and Blogging, BRRRR - Buy, Rehab, Rent, Refinance, Repeat, Real Estate Development & New Home Construction, Real Estate Wholesaling Questions & Answers, Rent to Own a.k.a. If the local government does not own it, it becomes the associations responsibility to keep the pond in working order, and they are also responsible for any expenses incurred. Lauren Simmons home backs up to the lake where the dead fish were found. I read that water retention ponds in HOAs can be poorly maintained and can attract rodents, mosquitoes, and snakes, so now I am picturing a bunch of rats by the pond and in the backyard all the time. Since mosquitoes breed in any still water they can find, your retention ponds can become a nuisance to residential neighbors. Loss of these wetlands could lead to future drainage issues. Is it likely that there will be water in the pond (even a little bit) when it is mosquito season. Here are some of the things that might be needed when buying a house in New Jersey, using a mortgage loan. A retention pond collects stormwater during a storm and slowly releases it back into the natural environment. Where can homeowners turn for help with HOA problems? Read more (Video): I checked out your pictures and I wouldn't buy a house next to the pond . Make sure land slopes away from the house to prevent basement flooding. . Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. Excerpts and links may be used, provided that full and clear credit is given to Deborah A. Goonan and Independent American Communities with appropriate and specific direction to the original content. The pond's owners (the HOA) wouldn't pay out - they would hide behind "it was an act of God". From resources to get started to the latest market data, find what you need to keep growing. A collage of self-portraits Erica Bergeron had posted on her Facebook page in 2019. In addition, the shoreline of each pond requires regular repair of damage caused by natural or unchecked erosion. I have a bit of a strange question. We appreciate the opportunity to provide your church or other ministry with an insurance quote and will reply to your request as soon as possible. Here are a few photos of the detention pond. Is this area completely built-up, or will there be more water displaced as the area does build up? Eighty-nine percent of homes sold in June 2021 were on the market for less than a month. Simply varying the water level usually takes care of the mosquitos, and since these store water during periods of high runoff, and release this waster later, the water level varies quite a bit. What type of maintenance does a stormwater pond have? "The chances of a SWM pond overflowing and then flooding any surrounding property is extremely slim.". And next time, homeowners wont be able to go back to the Home Creations for another $58,000 or more to repair damages from erosion. The Definitions. We planted a willow tree in the middle that grew beautifully. POSTED 12:48 PM, MAY 7, 2018, BY ALLISON MECHANIC On Monday, dozens of fish could still be seen floating near the edge of the water, which is only a few yards from neighbors homes. . My question is this: Would a large detention pond/water easement be bad for re-sale value? Basic Design. Homes in the Lacamas Shores neighborhood list for $1 million or more. Some developments also incorporate a natural or manmade wetland (marshy or swampy preserve) to collect stormwater and to serve as a habitat for wildlife. Please give me your two cents on this!!! 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. I'd imagine anywhere with reasonable housing values would find it worth planting some tree/large bushes to make them invisible. By posting proper warnings and practicing routine maintenance, you can keep them safe and attractive. What are they doing with this? 1. Since the story aired, Home Creations announced that it is working to fix the problems, including a plan to control erosion around the pond. thoughts on buying a home next to a storm retention pond We're first time home buyers, and we saw a house recently that we liked, but it's next to a large storm retention pond. MIDWEST CITY, Okla. A Midwest City neighborhoods concerns are being addressed. In some instances, detention ponds are used as a park during dry weather. It is currently not fenced, not landscaped around, and pretty dry/barren. home buying Real estate investors break down the basics, and share tips on how to get your next deal. I think it all depends on how well done it is. In response to a storm, the ponds water level fluctuates, reducing risk and saving the community from potential flood damage and costly repairs. The detention pond is dry, graveled at this time and since we've been experiencing a severe drought in the south, the grass around it is completely burned. Growing communities are at increased risk of flooding and erosion damage from excess stormwater runoff. The retention ponds are engineered for stormwater runoff. [Advice] buying a home next to a retention pond. Deferring responsibility for major infrastructure to HOAs and other private groups, and allowing private development to place homes practically on top of wetlands and retention ponds has created many problems for homeowners, nearby residents, and taxpayers. SWM ponds are at lower elevations than the surrounding properties. Here is a link that might be useful: Detention Pond. Mystery Of Cedar Park Pond Fish Kill Deepens. The medical examiner today confirmed that the body found in a car that had sunk in a pond off Matanzas Woods . My husband and I are looking to buy our very first home! If you're in the market for a house with a pond, you've got a lot of homework to do before making an offer to purchase. Potential buyers should be aware of who owns the pond and how well they protect their investment before moving in. I have a bit of a strange question. According to sources, you can find one-bedroom places going for about $880/month in Camden, $1,024/month in Newark, $2,590/month in Jersey City, $1,024/month in Trenton . I have a bit of a strange question. How deep is it? Buying a house next to a retention pond. The stated goal of retention ponds also known as wet basins or detention basins, is to reduce the downstream flow of polluted stormwater, preventing erosion and contamination of watershed areas or private property. Get unlimited access to tools and resources that make it easier to find, analyze, and manage deals with confidence! if there's a fence, and the retention pond was built right, not a problem, however if that pond fills up, and is in the hot sun for a week or more it's going to stink, and mosquitos will be awful. 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. Rare - maybe.Real - absolutely, and basements reflect the reality. Maybe we should go back and look at the three prime rules of buying real estate: Location, location, and location. 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. foreclosure This area was never wet with standing water only when raining hard. The only slight possible downside is if your house site/pond situ has houses across the pond: Retention Basin or Pond: Will you buy a house next to a retention basin or pond? However, we are in a townhouse development (so kids aren't usually in the backyard) and there is no other open space in the back near the pond, so it isn't like they would be playing near it and fall in. Ultimately it is up to you to decide if you would enjoy living there. They are dry unless there is a very heavy rainand only one fills to some degree as the other drains into itand it empties quickly. it would be a major hit on resale, I think. The tonier the market, the better the job they will have done with the ponds and with any common area spaces. Homes are 5 yrs or newer. As such, it's recommended that HOAs set aside as much as 12 percent of their yearly budget to maintain small retention ponds and up to 35 percent for larger ponds. We have several of these in our neighborhood. Unless you use a mortgage program that offers 100% financing, such as the VA program for military personnel, you will probably need a down payment of some kind when buying a . How to Buy a Home from a Family Member - nj.com Also, check with your insurance company and see if that will make your rates higher, . Neighbors blame DR Horton for flooded backyards. Its got a great patio and lots of space. . In general, algae are essential for a healthy pond. Op here, there is no fencing around the retention pond. I read that water retention ponds in HOAs can be poorly maintained and can attract rodents, mosquitoes, and snakes, so now I am picturing a bunch of rats by the pond and in the backyard all the time. If storm water drainage from the surrounding properties makes its way to the pond (by gravity)- that tells you the pond is much lower. Risk #1: Drowning Children are attracted to water, and retention ponds offer ready access. Who pays if it floods? Wetlands and retention ponds can and should be maintained by private owners, including HOAs. Easements can be given for drainage (underground and above). It was never a dangerous area but my kids were not allowed to play in the water unless I was there. I have a friend whose kid slipped out of the house during an unsupervised moment and drowned so it's not a risk I'd take. 1) You've found your perfect dream home and you love the yard. The detention pond is dry, graveled at this time and since we've been experiencing a severe drought in the south, the grass around it is completely burned. The dead fish were first noticed Sunday morning. 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We live next door to this house while we are building our new house and have become friends with the new owners they still love the place and the "yard" is still just as well kept.Of course this all could depend on whether the area is unsightly or has potential or has regulations governing what you can do with it. I would appreciate your input regarding this. Unless youre viewing a home near a recreational lake a real lake used for boating, fishing, swimming and other water sports that ornamental lake is nothing more than a retention pond. HOAs are getting crazier by the day! Stormwater Basins: How Detention and Retention Ponds Work Who will pay when the pond overflows and causes you damage? homebuying Quickly match with an investor-friendly agent who can help you find, analyze, and close your next deal. Determine if the land you intend to purchase has wetlands or had wetlands before deciding whether or not to purchase. Learn more. Tips for selling/buying & money transfer & useful websites? If you've seen a pond-like structure with gravel and vegetation surrounding its perimeter, you're more likely eyeing a retention pond.