Constructed Wetlands: Impact on Property Values
People have a strong emotional connection to water due to its aesthetic qualities including tranquility, coolness and beauty. Water bodies within developments serve as valuable marketing tools. According to the National Association of Home Builders, proximity to water (beach, pond or stream) can increase home values by up to 28%.
While natural waterfront properties are limited, opportunities exist to create waterfront value through:
- Hydro-electric or water-supply impoundments
- Artificial lakes for wildlife and recreation
- Man-made ponds and wetlands for flood control and runoff management
When properly designed, these artificial water features can both reduce environmental impacts and increase property values.
Economic Benefits of Water Features
Residential Properties: Developers often experience:
- Faster sales of units adjacent to wet ponds
- Additional profits from waterfront properties
- Enhanced marketability when including recreational features like:
- Walking paths
- Fitness equipment
- Gazebos
- Bird houses
Commercial Properties: Commercial office space near water features can command higher values:
- In Fairfax, Virginia:
- Standard office space: ~$15 per square foot
- Waterfront office space: ~$16 per square foot
- Properties with water views tend to:
- Rent faster
- Have lower vacancy rates
Considerations for Development
Design Factors: To maximize property value benefits:
- Use effective landscaping to improve appearance
- Grade banks smoothly into adjacent areas
- Protect steep slopes against erosion
- Include trees, shrubs and vegetation in improvement plans
Potential Concerns: Safety considerations include:
- Family concerns about children’s safety near water
- Risk of drowning incidents
- Need for proper safety measures
- Liability issues
Maintenance Requirements
While wet ponds and constructed wetlands require periodic maintenance:
- Benefits typically outweigh costs
- Higher resale values offset maintenance expenses
- Annual maintenance fees can be as low as $62 per homeowner
Environmental Benefits
Wet ponds provide multiple environmental benefits:
- Temporary storm flow retention
- Sediment and pollutant removal
- Natural filtration through vegetation
- Nutrient absorption by plant roots
Summary: Benefits of Constructed Wetlands
Well-designed water features provide both environmental and economic benefits:
- Can increase residential property values up to 28%
- Enhance quality of life for residents
- Create aesthetic value
- Provide environmental protection
- Benefit commercial properties through lower vacancies and higher rental rates