buying a house next to a retention pond

Would you live next to a retention pond? - Orlando - City-Data The reasons are: Mosquitoes. Your album is set to private. Brotherhood Mutual insures Americas churches and related ministries. Erica Bergeron Confirmed to Have Died in Car Pulled Out of Pond A Guide to Buying a House in: New Jersey | Trusted Choice Wildlife management and pest control can become a huge headache for HOAs. Who will pay when the pond overflows and causes you damage? The neighborhood is called "Ammersee Lakes". ALL comments will be much appreciated. Buying a house that backs up to a retention pond. - Sarasota Wetlands and retention ponds can and should be maintained by private owners, including HOAs. Your opinion regarding a house backing up to the pond. The tonier the market, the better the job they will have done with the ponds and with any common area spaces. Opinions are like .., everyone has them. Pros and cons of living next to a pond (price, properties, expensive As a general rule, New Jersey buyers should expect to pay between 2% and 5% of the final purchase price in closing costs. The retention ponds are engineered for stormwater runoff. . buying a home with a pond in the backyard. Nobody is going to want to buy a house where they have a view (or smell) of an unsightly stormwater retention pond. We have found a great neighborhood with a nice, 2 story house on a private cul-de-sac. HOA Realities living next to a retention pond or wetland The truth is, the longer a retention pond or wetland exists, the more likely it is to create a nuisance which will eventually bring down property values. 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. Please give me your two cents on this!!! Living near a pond is most definitely a safety issue for families with young children or families who may have . It is designed to prevent flooding, prevent erosion, and improve water quality. While closing costs can be expensive, one of the largest mortgage expenses is the interest rate. It is not attractive as is ;). The basic design includes a forebay and a main pond. Most of these are used for stormwater management, which is why mosquitos are not a large problem. 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 . There could also be a safety concern since we have a young child. landlord Heck they might be a turnoff on the whole development as it indicates what kind of developer and/or planner designed the area. For example, there is a constant danger of drowning for families with young children. Any concerns about that? . Unlike swimming pools, these basins typically arent fenced in. Thats why developers needed to find a way to market homes near some of the more obvious stormwater features, including retention ponds. Buyers with kids? Read more: Buying a house next to a retention pond. Healthy ponds require proper aeration, integrated pesticide management, and adequate pond weed control. It certainly is not an 'attraction', but if the price of the house reflects the 'DEtraction' -- buying next door could work for you. Weeds/Debris. By posting proper warnings and practicing routine maintenance, you can keep them safe and attractive. A median New Jersey home is worth $327,500, so buyers can expect closing costs in the range of $6,550 to $16,375. And all the water has to go somewhere. The area of a retention pond should be about 5 - 10% of the total area from which it collects stormwater. foreclosures In response to a storm, the ponds water level fluctuates, reducing risk and saving the community from potential flood damage and costly repairs. It is currently not fenced, not landscaped around, and pretty dry/barren. These are the housing markets that offer the most cash flow opportunities in the United States. 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 specific information before I should proceed. Since the story aired, Home Creations announced that it is working to fix the problems, including a plan to control erosion around the pond. 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. I think it all depends on how well done it is. While it may look like a regular water feature, a retention pond serves a much greater purpose. home buying buying a house What Things Are Needed When Buying A Home | NJ Lenders Corp. chicagoerin Original Author 11 years ago Hi everyone, thanks for the input. I would like to post a few pictures of the detention pond, but don't know how to do that on this website? Legal Notices Just make sure you go into a property purchase with your eyes open to the potential for future issues related to land cover and location. At best, the vast majority of homeowners associations may hire a lake or pond maintenance service that occasionally removes algae and applies chemicals in an attempt to maintain water quality. I have seen lots of them and never seen an attractive one ;). I would say it's about 25 feet long, deep in the sense that it's lower than the surrounding homes and land near it. I don't think it is a problem with resale unless it is ugly. 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. 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. Here are some of the things that might be needed when buying a house in New Jersey, using a mortgage loan. Some in the neighborhood want to clear out the trees that have grown in the wetland to restore views and, in theory, raise property values. You already asked this .stop starting new threads. First-time buyers accounted for 31% of sales in June, also even with May but down from 35% in June 2020." One that I drive by regularly has the retention pond running as a long strip behind two strips of houses/townhouses. Get the best funding for your strategy. As long as the pond was designed to those standards, and the city/county engineer verified that the contractor actually built it to those standards, you have nothing to worry about as far as flooding goes. I'm sure it will affect resale somewhat but I'm not worrying about that as we plan to be there for quite awhile. Deborah A. Goonan, Independent American Communities, 2014-2022. 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. But before you consider purchasing a property with a stream be sure to research the existing floodplain and potential for flooding. See the following publications for guidelines: Despite this reality, its very uncommon to see any HOA taking proactive steps to manage its wetland or forest preserves. Neighbors blame DR Horton for flooded backyards. 3311 Perkins Avenue, Suite 100, Cleveland, OH 44114 | 216-524-6580 | Cuyahoga Soil and Water Conservation District, 2023, Euclid Creek Invasive Trade-Up Program 2023, Cuyahoga SWCD Conservation Action Grant & Scholarship Fund. The solution lies in preventing mosquitoes from breeding, either by breaking up the surface of the water or eliminating mosquito larvae. 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. Retention ponds are an increasingly popular way to deal with storm water drainage. Sorry about thatI have made the album private. My concern about houses next to retention ponds is Mosquitos. It was a good design for that era, said Camas City Administrator Pete Capell. Real estate investors break down the basics, and share tips on how to get your next deal. Maybe we should go back and look at the three prime rules of buying real estate: Location, location, and location. If you're potentially going to be living near standing water, plan for a way to handle mosquitos. Cookie Notice I may be in the minority here but I wouldn't buy a house next to one . 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. We have twotownship ownedone on either side at the end of our development. 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. Is it likely that there will be water in the pond (even a little bit) when it is mosquito season. That would hold true even if the pond did overflow due to poor design. I checked out your pictures and I wouldn't buy a house next to the pond . Homes are 5 yrs or newer. 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. The pond's owners (the HOA) wouldn't pay out - they would hide behind "it was an act of God". To do this, he has a quitclaim deed drawn up to add your name to the home's title . Basic Design. Here is a link that might be useful: Detention Pond. After the fence startedto look shabby we took it down and it looked like lawn with a dip in it. So we will have a 9ft by 18ft area with a depression in it that we will put grass in - I didn't want a gravel pit, that would have been pretty bad! Otherwise let him buy the house with the pond and you can buy a different house in a neighborhood you prefer. Let's check out those apartments, though. . Retention ponds are permanent structures designed to hold water flow for a short period of time, similar to a dam. In addition, while the rest of the area has a lot of flooding in severe rains., we have had none. While retention ponds require minimal maintenance, you cant usually dig a hole and then let the pond take care of itself. it is weedy and scruffy inside. POSTED 12:48 PM, MAY 7, 2018, BY ALLISON MECHANIC 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. Dont want to miss a post? That's what they are there for. We looked at a few homes with retention ponds next door and decided against them. Ensure the property isnt the low point of the neighborhood. Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis. The crumbling walls led many to have fears about flooding. We have found a great neighborhood with a nice, 2 story house on a private cul-de-sac. I would appreciate your input regarding this. Beautification to the landscape. Neverever did we see water raise up and come back to the property like this morning.. 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. lending These ponds can enhance a churchs aesthetic value, but they can also create liability and maintenance issues. All rights reserved.6400 Brotherhood Way, Fort Wayne, IN 46825 | 800.333.3735, 2023 Brotherhood Mutual Insurance Company.All rights reserved.6400 Brotherhood Way, Fort Wayne, IN 46825 | 800.333.3735, Legal Notices Good point about mosquitoes. Eighty-nine percent of homes sold in June 2021 were on the market for less than a month. Home buyers or condo tenants rave about their view of a natural setting. In the State of Georgia and many other states, the Homeowners Associations (HOA's) and property management companies are required to maintain the retention and detention ponds to ensure that all rainwater on any given property is collected in a manner that does not disturb the surrounding land. Where can homeowners turn for help with HOA problems? Ugly weeds and scrub brush will grow all over the place, and it seems like all the neighborhood litter ends up there too. Would you buy a house that is next to a retention pond? The company has since removed the dead fish and has offered to re-stock the pond with new fish, the station reported. What can be done about HOA problems and dysfunction? Top 10 Real Estate Markets for Cash Flow in 2023. Also, ask yourself if they can fill up and flood. Rare - maybe.Real - absolutely, and basements reflect the reality. If you've seen a pond-like structure with gravel and vegetation surrounding its perimeter, you're more likely eyeing a retention pond. Op here, there is no fencing around the retention pond. A Pond on the Property? Be Prepared With Questions In some instances, detention ponds are used as a park during dry weather. A low, grassy depression is one thing, and I might be able to live with it. Remember, whatever it is now or will becomeyou have no say-so about it. Around here, they almost always have water in them unless there is a drought. Would you Buy House Next to a Water Easement/Detention Pond? I would consider the house, but I would expect the price to be lower than if the drainage pond was not there. . Homes with drainage easements may also be required to obtain additional insurance to address flood risks. I am a nature lover and it is really nice to see a flock of geese fly over and honk - but I do not want a couple hundred of them honking right next door. I am looking to buy a house. 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. My husband and I are looking to buy our very first home! I think they are huge eyesores. Pros & cons of new Home yard backing retention pond, The following errors occurred with your submission. We are looking to buy a house. I don't live next to one but our small neighborhood has 2 and one you have to really search for and the other is visible only because the greenway runs right next to it. 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. HOA power relationship, problem-solving, and communication patterns during a major building renovation construction crisis Michael J. Marshall, Shelly Marshall, & Deborah Goonan Received 27 Jun 2018, Accepted 25 Sep 2018, Published online: 13 Oct 2018Download citation https://doi.org/10.1080/08882746.2018.1529509, on HOA Realities living next to a retention pond or wetland, Midwest City neighborhoods erosion concerns are beingaddressed, Homeowners concerned after dead fish found floating in Suffolklake, Mystery Of Cedar Park Pond Fish Kill Deepens, Neighbors blame DR Horton for flooded backyards, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on WhatsApp (Opens in new window), HOA Realities living next to a retention pond or wetland, Enforcement of Rules, Covenants & Deed Restrictions, View HOA poll results: What readers really think of their HOA, Higher Density/Mixed Use Communities Pros & Cons. No, I wouldn't want the drowning risk. Midwest City neighborhoods erosion concerns are beingaddressed. How to Keep Your HOA Pond Water Clean and Clear Athensmom - if it is blocked with vegeation, would that change your mind? We got a good price for it and I'm hoping with the right landscaping it will be great. We have for more than 100 years. It's stupid. Serve as storage facility for controlled release of water. Diminish the threat of flooding. Forget swimming poolswhile necessary in many communities, retention ponds can easily be considered an HOAs greatest liability and expense. Or this a legitimate concern? Make sure land slopes away from the house to prevent basement flooding. 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. What Are Retention Ponds Used For? (Plus the Pros and Cons) Who pays if it floods? 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. Not only do they pose a constant drowning hazard for residents, but they also require continuous maintenance and planning. We live in an older 1070s neighborhood in a semi-rural area. Would you buy a house that is next to a retention pond? Homeowners must identify an insurance company that will be willing to insure the property. Easy to construct and maintain if adequate space is available or provided. The opposite is just as true. We kept it mowed and had a split rail fence around it people wondered if it was a riding ring it was about 150 feet by 80 feet. And finally, retention basins can affect property value, depending on how they are maintained and how well they function. Just because a wetland is not identified by these sources does not mean an area isnt a wetland. Would you Live Next to a Water Easement/Detention Pond? - Houzz Can you change it? Thank you for your interest in Brotherhood Mutual. 4) When buying a home be sure to ask about property easements. 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. Smell. Can You Buy a Home in New Jersey If You File for Bankruptcy? Thanks! I am looking to buy a house. YOUR insurance pays, providing you have flood insurance to begin with. We found a house that we love but it is next to a water retention pond. 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. But I'm sure this varies where you are. You're not alone. 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. Thanks! In addition to researching potential for flooding you should also consider potential threats to any planned infrastructure that may occur because of future development. The following errors occurred with your submission. I can only imagine the cost of liability insurance for an HOA with hunting grounds in the middle of it. 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. As already stated, they are designed to hold a "100 year storm". According to the U.S. Department of Housing and Urban Development (HUD), approximately 40,000 veterans are homeless on any given night. Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Real Estate Guru, Book & Course Reviews & Discussions. Find out if the town sprays or not (mine does, although I believe you can opt your property out). This is a new construction area, so the other homes backing the pond have not all been built out yet. Have a showing appt at a beautiful house in the right neighborhood, in the right school dist., etc. 11. A collage of self-portraits Erica Bergeron had posted on her Facebook page in 2019. I'd imagine anywhere with reasonable housing values would find it worth planting some tree/large bushes to make them invisible. 0 Votes Hottest Topics. The pond can also collect wind swept debris or garbage deliberately thrown in by people. thoughts on buying a home next to a storm retention pond The HOA transfer for the old pond went through, but residents said they were concerned they would be forced to pay for any problems. Would you buy a house that backs up to a retention pond? - DC Urban Mom For example, there is a constant danger of drowning for families with young children. As development occurs consideration is not always given to location, land cover, and how existing conditions may affect future use of a property. We planted a willow tree in the middle that grew beautifully. Tips for selling/buying & money transfer & useful websites? CAMAS In the 1980s, the Lacamas Shores biofilter was among the first of its kind in the nation. Easements grant the right to use and access a part of your property and can limit what you can grow or build. Restocking fish is an added expense for many HOAs, unless the association can hold the lake maintenance company responsible for replacing dead fish, as in Cedar Park. I would never buy a house with a storm water management (SWM) pond right next door. Since this magnitude of a storm is a rarity, ponds should never come close to filling up. I still would not like to live right next to that because of all the noise and because of the poop and feathers all over the place. The lots are quarter acre, so the pond is close . Dry => no mosquitos. However I have certainly seen some that are eyesores, and those I wouldn't be clamoring to move in the vicinity of. It would be a no go for me . The developers squeezed every last house they could into the plats. 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. If the pond is not cleaned regularly, your lovely view can easily become a weed-choked cesspool. Here are some of the problems associated with retention ponds, along with some risk management tips. 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. Expensive is an understatement! Around here we see two kinds of retention ponds. Should the pond ever overflow, your home may be the first to flood. Subject: Would you buy a house that backs up to a retention pond? However, similar problems are likely to recur in another decade or so. I think the old real estate adage of location, location, location is appropriate and would look for another lot . 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. This variety of SWM pond is a whole lot more attractive, and can possibly increase your value - for the right person. I have installed these as well, and the ones I install look very good. DH and I call it "Ammersee Ditches". 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. Until a stream reaches a new equilibrium it will continue to erode and widen. They have charts that show historical storm patterns, average rainfall, and it is also dependant on what sort of soil types you have and how good the soil is at absorbing water.
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