From a trickling stream to a grand fountain, water features have a captivating charm that transcends time and trends. But beyond their aesthetic allure, do water features hold any tangible value for homeowners and property investors?
In this blog post, we’ll pour over the details and look at the pros and cons of adding a water feature to your yard. No matter what, though, a pond or fountain is certain to make a splash when it comes to resale values!
The Pros
Making A Statement
There’s no disputing the fact that first impressions count, especially in real estate. A carefully designed front yard with a stone-lined stream or a delicately lit koi pond can transform the facade of a home from suburban to sublime. A water feature, when incorporated into the landscaping artfully, elevates the overall aesthetic–and it can make all the difference between a sale going through or not.
Sustainability
Water features can be sustainable and eco-friendly, especially when designed to support local wildlife or include elements of water conservation. A well-maintained pond, for instance, can attract birds, bees, and other beneficial fauna, contributing to the local ecosystem. Plus, in some states, adding a water feature for conservation purposes, such as a rain garden, or incorporating a drought-resistant water feature, might lead to tax incentives. Always consult a tax professional for personalized advice.
A Natural Selling Point
When it comes to buyer psychology, the presence of a water feature can create waves that reach far beyond the initial impression. In anecdotal evidence, sellers have reported an increase in the number of offers and the rate at which they could sell their homes after adding a water feature.It should be showcased to its full advantage, whether through professional photography, during viewings, or even by running it during open houses.
The Cons
Ongoing Maintenance
While you might find peace sitting beside your fountain, you likely will feel differently when a pipe bursts or your fountain springs a leak. Ongoing maintenance is an essential part of having a water feature. Pumps, filters, and liners need regular attention to prevent issues such as algae growth, water contamination, and mechanical failures that can taint the pristine appeal of your feature.It’s crucial for homeowners to factor in these ongoing costs and time commitments when considering the installation of a water feature.
Higher Taxes
In certain locales, water features can affect the property’s tax assessment. For example, an increase in a home’s appraised value due to the addition of a water feature may lead to higher property taxes. It’s important for homeowners to stay informed about any potential tax implications when considering a water feature installation.
A Hard Selling Point
While the sight and sound of water can act as a natural stress reliever and a water feature can be a beautiful focal point for your garden during a tour, you may want to hold off on installing one right away if you plan to sell your home in the near future. While many people find a water feature delightful, others may only see the maintenance and issues that can arise if they buy your home. Others want a blank slate they can work with to create their dream home, and a water feature can prove to be too big of a hassle for them to want to deal with.
Crafting Water’s Value in the Realm of Resale
The resale value of a home is influenced by various factors, and a water feature can certainly be one of them. However, to make the most positive impact, it’s wise to choose a type of water feature that complements the home’s architecture and the overall landscape without overpowering it. In the realm of resale, integration and harmony are key.
For instance, a formal fountain might suit a classic style home with a structured garden, while a cascading waterfall could be the perfect addition to a more naturalistic setting. Koi ponds are often seen as works of art and can embody a zen-like sanctum within a property.
What Will You Choose?
As we’ve seen, the pros and cons of adding a water feature are fairly evenly matched. The addition of a water feature to a home is not a one-size-fits-all value proposition. It is an investment that must be considered within the context of the specific property, its inhabitants, and its potential buyers. When thoughtfully chosen, well-maintained, and integrated into the aesthetic and function of a home, a water feature can indeed add value—both in the eyes of the beholder and the appraiser.
For homeowners on the fence about including a water feature in their landscaping, consider your own wants and needs before thinking about future buyers. If you add to that the potential increase in curb appeal, the positive reception from potential buyers, and the unique aesthetic enhancement a water feature can provide, the prospect of water in your home will seem less of a plunge and more of a promising venture.
