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OneeyedJohn

Does a pond in your garden reduce the property value ?

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A local man offered to dig up the large pond in our property to make it deeper, it is very shallow and my wife and I thought what a good idea. It wasn't gonna cost us anything as he would use the mud to sell at a later date.

Then we heard from someone else who said if we did that  then when we come to sell the purchasers would ask for a huge reduction in the sale price because they would have to spend many baht on the cost of refilling the ponds.

At first I thought this laughable, but out here in the sticks anything is possible.

 

What do you think?

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Don't end up to Aesop's donkey fable. 

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So

9 minutes ago, OneeyedJohn said:

At first I thought this laughable

On Golden Pond.  Yes, you are right laughable.

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19 minutes ago, OneeyedJohn said:

What do you think?

Depends on the size of the pond.

Topsoil is fairly hard to get.

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I have 3 ponds, the one I am referring to is roughly half a rai (800 m2  the other 2 are probably half that size each.

They were dug initially because we wanted a prawn farm, but luckily did not pursue that idea. The soil was then used to form a raised platform for the house build.

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5 minutes ago, OneeyedJohn said:

I have 3 ponds, the one I am referring to is roughly half a rai (800 m2  the other 2 are probably half that size each.

They were dug initially because we wanted a prawn farm, but luckily did not pursue that idea. The soil was then used to form a raised platform for the house build.

Go and check the cost per truck for soil, and then you will understand why someone wants to remove for free. People on the know will pay small money for land that is full of holes for building. if its only for farming or in the middle of no whare then no big issue if you want to keep fish.

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 the prospective future buyer might be a retired rice farmer...

and he might not want to have to hobby plant deepwater rice init!

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I'm not sure what the problem is. Either:

 

  • trade the soil for the work, then carry the potential obligation of buying fill or discounting a sale, or
  • pay have the work done and store the soil for later return 

 

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3 hours ago, Isan Farang said:

Go and check the cost per truck for soil, and then you will understand why someone wants to remove for free. People on the know will pay small money for land

...the flip side of this "people on the know will pay small money for land", say 1/4 of a small hill (that doesn't have clear title) then carve out all the dirt for sale then abandon the scarred property.

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3 hours ago, tifino said:

 the prospective future buyer might be a retired rice farmer...

and he might not want to have to hobby plant deepwater rice init!

 If he is a rice farmer he most likely will be interested in a lage water storage, on which he can keep fish as well which eat the insects on the rice

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If it adversely affects your property value, then it's best to make it bigger and market as a swimming pool.

Small pond = property value down by 500,000 Baht

Small swimming pool = property value up by 500,000 Baht

Simples, lol.

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On 5/22/2020 at 5:06 PM, BritManToo said:

Depends on the size of the pond.

Topsoil is fairly hard to get.

You wouldn't need a lot of topsoil once you're filled it with cheap dirt from the nearest building site.

Edited by JensenZ

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