Assuming some preventive measures undertaken to stop water accumulation or water run-through, the stigma sticks for good and can hurt you at resale.
If it started life as the low point in the community and was designated as the catch basin (more politically correct) then what's changed to suddenly render it a buildable lot? The terrain favors water collecting on or near this lot, you don't argue with water as it will go where it will go. That is a lesson I saw multiple times in the Army Corps of Engineers and one the county engineer also knows well.
You would also do well to consider what's below the surface. Even if the above surface water is under control, this may be a chronically wet lot. I would concern myself with any fill being brought in and the compaction of that, ask folks that built on improperly prepared fill lots about settling. Simply rerouting the water may not be the answer...I would tread very cautiously with this.
Obviously there are lots around detention ponds but buying the "detention lot"? I don't know any municipality that allows construction on the collection lots for obviously reasons, we need clarification on this.
Just understand, water and other things flow down hill - basic rule of plumbing and something Newton discovered as well as falling apples. Unless you want to verify that, avoid anything like this, you will lose money and end up in a bad way.
Please if you need assistance picking out a lot give me a call.
I have assisted many buyers with this procedure and building a new house.
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Isabel Elsesser, Realtor
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Rick Musto, Realtor
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