Likewise, few HOAs have access to knowledgeable experts who can determine the causes and cures of stormwater woes, including retention ponds that morph into putrid cesspools, ponds that regularly overflow every time it rains, or wet basins that form leaks or sinkholes, and mysteriously drain themselves dry. 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. We have several of these in our neighborhood. Most of these are used for stormwater management, which is why mosquitos are not a large problem. 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. Buyers with kids? Its less valuable to me, but thats just me. The system works by allowing a large collection area, or basin, for the water. The answer is yes, though they should be aware that there are some considerations that need to be made. buying a home with a pond in the backyard. 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. Stormwater ponds, at least in theory, provide added environmental benefits of slowing down the flow of water, filtering contaminants naturally, and allowing debris and silt to sink to the bottom of the basin. 4) When buying a home be sure to ask about property easements. Remove pollutants and sediments. Analyze Deals Like a Professional Investor. Consumer Education for Homebuyers, Home, and Property Owners | Exposing Condo & HOA Dysfunction, Corruption, & Abuse. OK, *I* wouldn't buy there. 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. Anonymous. Wetlands and retention ponds can and should be maintained by private owners, including HOAs. investing 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. 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. 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. Thanks! UPDATED AT 06:33PM, MAY 7, 2018. Now that my kids are older I think Id be fine with it. 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. 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. foreclosure Remember, whatever it is now or will becomeyou have no say-so about it. 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. Hey we have to put in a small detention pond as part of our new build - The city required 10 year storm water management of all water on the site to be captured and held. 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. What Are Retention Ponds Used For? (Plus the Pros and Cons) I think the old real estate adage of location, location, location is appropriate and would look for another lot . 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. How to Buy a Home from a Family Member - nj.com We planted a willow tree in the middle that grew beautifully. I have installed these as well, and the ones I install look very good. Smell. Check to see that soils on site drain well. Reddit and its partners use cookies and similar technologies to provide you with a better experience. . 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. And when they do occur, the stench is terrible. Stormwater Basins: How Detention and Retention Ponds Work An algae bloom can reduce the oxygen available to support fish and other plant life within the pond. Homeowners insurance is generally a prerequisite to obtain a mortgage for affected properties. Homes are 5 yrs or newer. 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. EDIT there is a crack in the concrete near the hand rail leading to the stairs of the pool. For example, there is a constant danger of drowning for families with young children. I have a bit of a strange question. 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. They can also be deep and have a steep drop off at the waters edge, since theyre designed for maximum rainwater collection. financing Subject: Would you buy a house that backs up to a retention pond? I think they are huge eyesores. I checked out your pictures and I wouldn't buy a house next to the pond . Its also unattractive to see a pond covered with green scum. Even if it was situated where I would have to look at it from my property, I still wouldn't want it. 3) Wetlands are great habitat and wonderful for wildlife watching. If the chemicals (or the thought of the chemicals) bother you, come up with another plan or rethink this property. Opinions are like .., everyone has them. The HOA transfer for the old pond went through, but residents said they were concerned they would be forced to pay for any problems. real estate You might be wondering: what are retention ponds used for? Typical characteristics include water in the depressed area and steep side banks. 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 . Potential buyers should be aware of who owns the pond and how well they protect their investment before moving in. Tips for Streamlining Your HOA Communitys Projects. As development occurs consideration is not always given to location, land cover, and how existing conditions may affect future use of a property. In some instances, detention ponds are used as a park during dry weather. Diminish the threat of flooding. But before you consider purchasing a property with a stream be sure to research the existing floodplain and potential for flooding. The basic design includes a forebay and a main pond. COMMITTEE ON VETERANS' AFFAIRS MEMBER DAY | Congress.gov | Library of Ours does, so yes. It sounds like this one will be dry most of the time, and wet only during periods of runoff. Dave Meyer and J Scott make "running the numbers" approachable in this complete reference guide to simple, powerful deal analysis. In response to a storm, the ponds water level fluctuates, reducing risk and saving the community from potential flood damage and costly repairs. 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. foreclosure 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 pond is dry and used for storm water run-off. DETENTION POND AND BUYING A HOUSE - BiggerPockets I wonder if they would be just as bad if you bought a house a few homes lots away or if the bugs mostly stay near the homes right along the pond. 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. The following errors occurred with your submission. Weeds/Debris. The core conflict in HOAs what divides communities? 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. Many of the landowner assistance calls that we receive at Cuyahoga SWCD are related to drainage, streams, soils, easements, and storm water controls, all relating back to property location and land cover. We are looking to buy a house. 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. the sounds were coming from an apartment across the lake. 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. The lots are quarter acre, so the pond is close . 1) You've found your perfect dream home and you love the yard. These things are pretty common (universal around here) nowadays. Easy to construct and maintain if adequate space is available or provided. Renting a house costs about $1,900/month. Unfortunately, little to no maintenance was done, and then things have overgrown. Did not do this one. In Turtlewood, homeowners were fortunate enough to address problems with the developer before official turnover of the pond to the HOA. POSTED 12:48 PM, MAY 7, 2018, BY ALLISON MECHANIC Soils data are available online from NRCS. Whether youre struggling to find cash-flowing deals, low interest loans, or the cash you need to close, Pace Morby's brilliant creative finance strategies will empower you to close more with less and supercharge your portfolio in 2023. loan I believe you are mistaken. Retention ponds are wet ponds. I am looking to buy a house. Stormwater Pond: 13 Things (2023) You Ought To Know - Gokce Capital Is your HOA board looking for a new HOA management company to help with the day-to-day responsibilities of running an HOA community? Tips for selling/buying & money transfer & useful websites? buying a home with a pond in the backyard - Houzz 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. 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. The latter one was also caught in the real estate meltdown, so I don't know that the work was ever completed as intended. They said they were concerned that the new pond could bring on old problems. 8 Advantages and Benefits of Retention Ponds. landlords foreclosures I am looking to buy a house. Unlike swimming pools, these basins typically aren't fenced in. The only issue is that the house is right next to a huge detention pond.