Does a pond view increase property value?
Does a pond view increase property value?
Ponds provide recreational opportunities, increase property values. Many people enjoy living near a body of water. Lutz noted that studies have found that in rural areas, a well-managed pond can increase property values five to 15 percent.
Who owns private lakes?
Most large, developed lakes in the United States are owned or maintained by utility companies or the United States Army Corps of Engineers. They may also own parts, or all, of the shoreline. Homeowners along the shoreline may own their land outright, or have it in a long-term lease.
How much does it cost to build a 1/4 acre pond?
Larger ponds are commonly priced per acre. If you plan on a project that is less than 10 acres, expect to pay between $3,000 and $8,200 per acre….Lake or Pond Installation Price by Size.
| Size | Average Cost |
|---|---|
| ¼ acre | $750 – $2,050 |
| ½ acre | $1,500 – $4,100 |
| 1 acre | $3,000 – $8,200 |
| 10 acres | $10,000 – $50,000 |
How far should a pond be from a house?
Setting a pond closer than the recommended or regulated limits is likely to result in damage when the water overtops the banks. Even if you’re not working with any specific guidelines from your zoning department or permit office, consider leaving a barrier of at least 50 to 100 feet between your home and a small pond.
How many fish can you have in a 1/4 acre pond?
Stocking your pond properly can prevent common problems such as a stunted bluegill population. ATAC recommends stocking 2-4 inch fingerlings in new ponds….Fish Stocking Recommendations.
| Typical Initial Stocking | Species | Hybrid Bluegill |
|---|---|---|
| 1/4 Acre | 50 | |
| 1/2 Acre | 100 | |
| 3/4 Acre | 150 | |
| 1 Acre | 200 |
Is it legal to have a shared pond?
Shared pond or not, I am walking into about $250k of equity on the property since it is a foreclosure. We are purchasing a 4000 sq foot home on 7 acres with the pond for nearly the same price we paid for a 1600 sq foot home on 1/2 acre when we were fresh out of college years ago…..so yes, pond or not it is a good buy.
How does something like this work on a shared pond?
The neighbor has the “left” side with the shallower end. I started reading multiple threads here from people wanting to drain their pond to remove unwanted species or stunted fish. That got me thinking….how does something like this work on a shared pond?
Is it legal to build a fence around a pond?
Building a fence accross the pond often lets you discover how expensive and convoluted property rights disputes can be as well.
How tall is the dam on a shared pond?
From the invisible line splitting the pond in half to their end is about 2′ deep and you can see the bottom all the way across. Not sure how deep the dam end is yet but I can see atleast 4′ deep water around the edges. I would guess it’s probably 6′-7′ deep max.
Shared pond or not, I am walking into about $250k of equity on the property since it is a foreclosure. We are purchasing a 4000 sq foot home on 7 acres with the pond for nearly the same price we paid for a 1600 sq foot home on 1/2 acre when we were fresh out of college years ago…..so yes, pond or not it is a good buy.
Can a neighbor claim ownership of your pond?
Another issue of concern is that if the neighbor continues using your pond, sometime in the future the neighbor may have an ownership claim to your pond based on adverse possession.
The neighbor has the “left” side with the shallower end. I started reading multiple threads here from people wanting to drain their pond to remove unwanted species or stunted fish. That got me thinking….how does something like this work on a shared pond?
Can a neighbor assert adverse possession of a pond?
In order for the neighbor to assert a claim to your pond based on adverse possession, the neighbor would have to satisfy the following requirements: continuous use, hostile use, open and notorious use of the pond and actual use of the pond for the statutory period. Hostile use means in derogation of the true owner’s rights.