Home Buying in 30132>Question Details

L, Both Buyer and Seller in 30132

Buying near a retention pond Pros/cons?

Asked by L, 30132 Sat Apr 26, 2008

I found a nice home in the Dallas, GA area with a nice lot but it is right next to the SD retention pond, should I be concerned about the pond? If so, why? What questions should I ask the builder about the retention pond?

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8
If the retention pond is properly landscaped it should not represent much of a problem. Most times that I see them as a problem is when they become overgrown and no one has the responsibility to maintain the appearance. Find out who is supposed to maintain the pond. Is it the responsibility of the HOA? Is there an HOA? If there is an HOA the pond should be part of the common areas and maintenance should the HOA responsibility.
2 votes Thank Flag Link Sun Apr 27, 2008
One thing that I would suggest is asking if the retention pond is a temporary retention pond or if it is permanent. If the subdivision is still under construction, there is a good chance that the retention pond is only temp and will be removed once the subdivision is complete (this is something that is done often in Paulding county). This would be a question that I would have your buyer’s agent inquire about. If you don't have a buyer's agent, I would suggest that you hire one to represent you through this transaction. If the retention pond is temp, I would suggest having it written in the contract that the retention pond is to be removed once the subdivision is complete. If you have any additional questions, feel free to contact me and if you need a buyers' agent, I am very familiar with Paulding county new construction.
1 vote Thank Flag Link Thu May 8, 2008
Insects can be an issue. Resale should be your biggest concern.

Get the builder to discount the home as much as possible and negotiate for the builder to plant some trees or put up a privacy fence to block it from view if possible.
1 vote Thank Flag Link Mon Apr 28, 2008
The most common "problem" I hear potential buyers discussing related to retention ponds are about children safety issues. Small children will be drawn to the site like magnets, and unless the area is well protected, it could be a hazard. You'll be able to guess the degree of the safety hazard based on how large, deep, etc the site is and whether it is fenced.

The second most frequent complaint I hear about these ponds is that they draw insects.

The bottom line: I would make sure that you are getting some fairly significant pricing concessions on the home, simply because there is a perception issue at hand, and that will eventually affect you on the resale of this home. That means that future buyers will have the same concerns that you are having, and (in order to sell the home) you may need to be less expensive than the houses that are farther away from the pond.
1 vote Thank Flag Link Mon Apr 28, 2008
Well all of them are slightly different, but most of them will be containing some form of wildlife you may or may not like, i.e mosquitoes, frogs, snakes, rodents, etc. Is the pond going to be fenced off with a gate or are they using natural landscaping to "encase" it? Resell down the road may be an issue depending on how the pond functions (if they designed it right it would not hold water for more than 2 days after a large storm) how close to the property in question it is and how is it incorporated into the surround landscape. I would hope that there is somewhere in writing you could fall back on regarding who will maintain it. Just some thoughts...
0 votes Thank Flag Link Sat Apr 7, 2012
My first concern would be, if you have children... is it fenced? If not, there would be safety concerns, especially with little ones. I would find out how the HOA is maintaining it and how often. You could also consider talking to the neighbors. And as with any water, bugs can be a concern. One thing to keep in mind, though... If you are concerned now, be prepared when you sell the house as your buyers will have the same concerns.

Tracy Emery
Realtor
Maximum One
678-800-2515
0 votes Thank Flag Link Tue Jan 24, 2012
did you ever buy the home by the retention Pond? If so what are your thoughts now?
0 votes Thank Flag Link Mon Feb 28, 2011
Being that the retention Pond is contained in the Common Area of an HOA, I would NEVER, EVER purchase in an HOA again as long as I live!!!
Flag Fri May 9, 2014
If you're concerned a buyer for your home when you're ready to sale will be concern. The only pro to purchasing next to a retention pond is when they are landscaped to be a FEATURE.

The rule is this, if you have to ask about the pros and cons, then you likely shouldn't buy it... UNLESS

there is a significant price differential, but then again, remember you'll have to pass that along to the next buyer.
0 votes Thank Flag Link Fri Aug 29, 2008
Joshua Jarvis, Real Estate Pro in Duluth, GA
MVP'08
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