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Updated almost 2 years ago on . Most recent reply

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11
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2
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Trevor Soderholm
  • Richmond, VA
2
Votes |
11
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Putting in a pond--is it worth it?

Trevor Soderholm
  • Richmond, VA
Posted

Context: 3200 sq. ft. home on a 1.25 acre mostly wooded lot in a rural area that is a short (30-45 minute) drive to a major metro area.

From what I have seen, to clear an acre, put in a pond, and stock it with fish could run as little as $10k.

Knowing nothing else, would this be a good idea to potentially add value to the home if I were to sell in 2 years? There is an upstairs rear-facing balcony overlooking woods right now, but I imagine if it could overlook a pond that would be a plus for many people. And then the property could be classified as waterfront.

Bottom line: what kind of return am I looking at by putting in a roughly one acre pond?

Most Popular Reply

User Stats

569
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351
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Kai Kopsch
  • Real Estate Broker
  • Charlotte, NC
351
Votes |
569
Posts
Kai Kopsch
  • Real Estate Broker
  • Charlotte, NC
Replied

@Trevor Soderholm A pound is a liability, not an asset, and you limit the number of potential buyers like helicopter moms. Improvement Projects that pay off when you sell are new floors, new LED lights, replacing old door hardware, and kitchen and bath remodeling. 

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