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. 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. Please give me your two cents on this!!! . While it may look like a regular water feature, a retention pond serves a much greater purpose. The crumbling walls led many to have fears about flooding. You can access an interactive map on the FEMA website to determine if a property is in a floodplain. Is it fenced? I have installed these as well, and the ones I install look very good. I love the house and everything else fits the criteria, but now this . 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. I have graded my lot to have several "natural" low spots and used these as small rain gardens that are actually very attractive (and low maintenance compared to turf grass, which was my overarching goal, having a landscape architect helps here though). I believe you are mistaken. Remove pollutants and sediments. I would appreciate your input regarding this. buying a house Algae problems usually occur due to ponds being neglected. It is a pool home and the land declines after the screened patio for the rain (from Florida) settles so it wont flood. While closing costs can be expensive, one of the largest mortgage expenses is the interest rate. Buying a Home Near a 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. The pond's owners (the HOA) wouldn't pay out - they would hide behind "it was an act of God". Around here, they almost always have water in them unless there is a drought. Detention ponds are traditionally dry except during flooding weather to help control and manage the movement and settling of water. In our case the streams then drain into the Myakka river. Ensure the property isnt the low point of the neighborhood. A retention pond collects stormwater during a storm and slowly releases it back into the natural environment. These things are pretty common (universal around here) nowadays. Scan this QR code to download the app now. forbearance to $175K. Any concerns about that? These are the housing markets that offer the most cash flow opportunities in the United States. As a general rule, New Jersey buyers should expect to pay between 2% and 5% of the final purchase price in closing costs. If you've seen a pond-like structure with gravel and vegetation surrounding its perimeter, you're more likely eyeing a retention pond. The only issue is that the house is right next to a huge detention pond. Basic Design. First-time buyers accounted for 31% of sales in June, also even with May but down from 35% in June 2020." . . The increased mosquitoes also were a turn off, although you can treat your yard to help with that issue. it would be a major hit on resale, I think. sinkholes, and mysteriously drain themselves dry, BMP #: Constructed Wetlands (Pennsylvania Stormwater Management Manual Section 5 Structural BMPs, HOA Community Association Disputes & Legal Matters, https://brunswick.ces.ncsu.edu/wp-content/uploads/2013/04/Wetland-and-Pond-Maintenance-2006.pdf?fwd=no, HOA Community Association Disputes & Legal Matters(935), Constitutional and Civil Rights and your HOA(354), New research busts myth that HOAs protect property values, 4 risks for homeowners in developer-controlled HOA communities. Landscape Architects & Landscape Designers, Outdoor Lighting & Audio/Visual Specialists, Moving Pond, Waterfeature, Salt & Fresh tanks, from fresh or salt poll. DETENTION POND AND BUYING A HOUSE - BiggerPockets 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. But I'm sure this varies where you are. HOAs are getting crazier by the day! Diminish the threat of flooding. In some instances, detention ponds are used as a park during dry weather. 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. mortgages 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. An algae bloom can reduce the oxygen available to support fish and other plant life within the pond. By Connor DelPrete, Updated Tuesday, April 24th 2018, 6:24 pm EDT. The system works by allowing a large collection area, or basin, for the water. Most of these are used for stormwater management, which is why mosquitos are not a large problem. 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. How do I upload the photos? Who pays if it floods? It was never a dangerous area but my kids were not allowed to play in the water unless I was there. Is your HOA board looking for a new HOA management company to help with the day-to-day responsibilities of running an HOA community? POSTED 11:22 AM, MAY 22, 2018, BY KFOR-TV and K. Querry. Really Interesting Things You Need to Know About Retention Ponds 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. Retention Basin or Pond: Will you buy a house next to a retention basin or pond? EDIT there is a crack in the concrete near the hand rail leading to the stairs of the pool. We have twotownship ownedone on either side at the end of our development. The swampy kind would be a turn-off to me, and would probably scare away buyers with young children. buying a home with a pond in the backyard. ALL comments will be much appreciated. However I have certainly seen some that are eyesores, and those I wouldn't be clamoring to move in the vicinity of. I am looking to buy a house. A median New Jersey home is worth $327,500, so buyers can expect closing costs in the range of $6,550 to $16,375. borrowing Yet very few HOAs regularly inspect their stormwater management components. 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 would never buy a house with a storm water management (SWM) pond right next door. Risk #1: Drowning Children are attracted to water, and retention ponds offer ready access. Homes with drainage easements may also be required to obtain additional insurance to address flood risks. One that I drive by regularly has the retention pond running as a long strip behind two strips of houses/townhouses. I've also never noticed any extra mosquitos near one and there is no spraying. Typical characteristics include water in the depressed area and steep side banks. What type of maintenance does a stormwater pond have? How often do retention ponds overflow/flood? : RealEstate - Reddit Retention Ponds: [Everything You Need to Know About] - BuilderBaron I have seen lots of them and never seen an attractive one ;). Nevertheless, maintaining a healthy environment for aquatic life is an ongoing expensive challenge for HOAs. They are mosquito breeding grounds, along with rodents and snakes, plus they seem to be rarely maintained in older subdivisions. I have a bit of a strange question. Since the story aired, Home Creations announced that it is working to fix the problems, including a plan to control erosion around the pond. The following errors occurred with your submission. Obviously it depends what your neighborhood does with it. You don't have much danger of your property flooding because of the pond. Potential buyers should be aware of who owns the pond and how well they protect their investment before moving in. A pond that's clean and clear of unsightly brown-yellow algae mats on the surface can also increase the value of nearby homes. You might be wondering: what are retention ponds used for? Dry => no mosquitos. But will DR Hortons design and construction ensure that neighboring properties remain dry when it rains? chicagoerin Original Author 11 years ago Hi everyone, thanks for the input. YOUR insurance pays, providing you have flood insurance to begin with. 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. The area of a retention pond should be about 5 - 10% of the total area from which it collects stormwater. It was a good design for that era, said Camas City Administrator Pete Capell. Homeowners must identify an insurance company that will be willing to insure the property. . My family is advising against this property because they're afraid the pond is hurting our foundation when it rains real bad. 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. You (might) need a down payment when buying a house in NJ. Unlike swimming pools, these basins typically aren't fenced in. A Pond on the Property? Be Prepared With Questions What Georgia Property Owners Need to Know About Drainage Easements How big is "huge"? 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. In some cases, these poorly managed storm water systems, disguised as desirable views, result in significant property damage and harm to wildlife or the environment. Determine if the land you intend to purchase has wetlands or had wetlands before deciding whether or not to purchase. Easements can be given for drainage (underground and above). Retention ponds are an increasingly popular way to deal with storm water drainage. Im op of other thread. Analyze Deals Like a Professional Investor. 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. Wetlands and retention ponds can and should be maintained by private owners, including HOAs. SUFFOLK, Va Dead fish floating belly up are making homeowners in the Burbage Grant neighborhood concerned. Erica Bergeron Confirmed to Have Died in Car Pulled Out of Pond Learn more. Top 10 Real Estate Markets for Cash Flow in 2023. We have several of these in our neighborhood. 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. 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. home buying 2) Streamside property may sound like a dream. 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. Let me know your thoughts. They have locked gates with chicken wire to prevent people and animals from getting through.