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ot:Paved Road? Increase home value?

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steve_ne

02-14-2006 09:04:14




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I have a house that I'm tring to sell. The road is currently gravel but in really good shape. The area has grown up fast. Faster then I wanted thats why I'm moving(beside they are mostly 400k houses). There's a contractor that lives in the area thats tring to get everyone to pay for the county road to be paved. This would increase the taxes by $1300 for the next ten years and be a lean on the property for the next 10 years that would go with the sell of the house. What do you guys think. Try to stop it or let it go?

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Steve_ne

02-15-2006 16:27:50




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  

SOLD!!

Sold it today!!



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NC Wayne

02-14-2006 22:02:23




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  
I can't say how things will be in your neck of the woods, as they seem to be different everywhere you go, but it didn't help mine a bit. When I built my house in '94 the road out front was dead ended and gravel. Since then the property in behind me got a paved road put in by the owner and then subdivided into 4+ acre plots and sold. Eventually the gravel road out front got a makeover and paved. As far as the value of the house I refinanced shortly before the road was paved about 6 years ago and then again recently when rates were so low. Figuring for a "normal" increase in value because of the new development behind me and time, the house and land didn't appraise for anymore with the road paved and the new development than it did with a gravel road and nothing but woods behind me. Now when thdy did the road out here it was a state job so there was no questioning of wether they were gonna do it or not. I do know that everybody claimed that it would cause a decreese in dust around the house with a pave road vs the gravel....Didn't happen.... This is just my experience though, good luck with your situation.

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Dave NE IA

02-14-2006 21:41:14




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  
Could this be structured so if you and neighbors give the contractor (guy pressing the issue) a 1/2 foot of frontage the entire length of your properties? I'm a real small time contractor and it is very likley the guy pressing the issue may get a free paved driveway out of the deal. This happens with small towns offten with grant money. Dave NE IA



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fisherman

02-14-2006 13:43:26




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  
Let the developer pay the impact fees.

If you really do want to stop it...it may be difficult however delaying it is not.

1)Does the road require culvert replacements? Therfore he may need a 404 permit. Does he have the correct BMP along with Stormwater prevention plan.

I could give you a long list that would delay it the project if push came to shove. If he has all the stuff on the list.....look out because he is good and you are getting a paved road.

Start working deals to have the contracter improve your property by the 13,000$

Good luck.

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steve_ne

02-14-2006 15:07:11




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 Re: ot:Paved Road? Increase home value? in reply to fisherman, 02-14-2006 13:43:26  
fisherman,

Sound like you might be my new best friend. Might need to contact you later on down the Road.Tee HEE. I know bad choice of words.



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oldfarmtractor

02-14-2006 11:19:31




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  
The contractor alone should be the person to pay for the street and it should be up to code. We have streets in my area tat the county/township/village won't touch. To get them up to standard would be too expensive. So the individuals pay to have them maintained.

Stick with the gravel or have the builder do the paving.



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RustyFarmall

02-14-2006 11:05:52




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  
Reduce your asking price and get out as quick as you can. Let the next guy worry about it.



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GregCO

02-14-2006 09:33:19




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  
We did this very thing about 10 years ago. Everybody that lived on the road paid an equal amount to have it paved and the county agreed to carry it for us for 10 years. We had to pay a little each year to cover it.
Then the development began in the area about five years later. The next town over annexed the wheat fields across the road along with the road that we paid to pave. We were not included in the annexation. In a town meeting we were all told thank you for the paved road, we would not receive our money back for the improvement, and that the folks that have not paid for the improvement still owe the money to the county that the city would not assume any of the cost for the improvement. I will also point out that many mortgage companies will not allow a home mortgage to close if there are any outstanding leans on the property. They want to be listed first, not second. This may require either you or the new owner to pay the lean off before closing.
Personally I would keep my money if I had it to do over. If the area is growing it will get paved soon enough and you won’t be stuck with the bill and the traffic will be less too.

Greg F.

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John (C-IL)

02-14-2006 12:40:12




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 Re: ot:Paved Road? Increase home value? in reply to GregCO, 02-14-2006 09:33:19  
Great point Greg, and the contract with the county needs to be written that way, or everyone that "fronts" the road needs to be assessed.

BTW, it's a lein, and your taxes won't be increased, you will be assessed a special fee. Also, $13,000 is outrageous,



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Steve_ne

02-14-2006 15:34:16




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 Re: ot:Paved Road? Increase home value? in reply to John (C-IL), 02-14-2006 12:40:12  
$13,000 for 2.5 miles. There is also a township road that would work alot better for these few that want it, But there is fewer people living on that road to share or get stuck footing the bill.



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John (C-IL)

02-14-2006 18:44:50




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 Re: ot:Paved Road? Increase home value? in reply to Steve_ne, 02-14-2006 15:34:16  
So what is your share of the bill? $13,000 for the whole 2.5 miles would be the bargain of the century!

Local township was quoted $500,000 to upgrade 1/2 mile here. The whole township budget for several years isn't $500,000.

Quite often these special assessments go with the sale of the property, and will not be a cloud on the title of the property. They are assessed with the property tax and are actually a loan from the county's motor fuel tax fund that is used for road projects.

If your share of the cost is your frontage as a percentage and the bill for the whole project is $13,000 you will definately have an increase in your property value.

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GregCO

02-14-2006 09:51:33




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 Re: ot:Paved Road? Increase home value? in reply to GregCO, 02-14-2006 09:33:19  
You know, I just had another thought too. If a contractor is the one pushing this he is probably the same one building high dollar houses in the area. Let him pave it in order to get his homes to sell. What he is doing is trying to lessen the amount of impact fees he has to add to an already expensive home by getting you to pay it. If this is the case, screw him. Let his new housing development pay it’s own way.

Greg F.

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Mark - IN.

02-14-2006 17:05:27




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 Re: ot:Paved Road? Increase home value? in reply to GregCO, 02-14-2006 09:51:33  
I tend to believe you. It"s the contractor, and probably with the $400K home owners backing.

Not a good situation to be in. Years ago I lived in a Illinois town where they"d began putting in those kind of homes. And as an improvement, the town re-did the sewer system under miles and miles of road, running it out to those new homes and subdivisions past all of ours. We were down in the valley, they were up on a hill. The old sewer main was 3 foot in diameter, the new was 10 foot almost all the way, except at the very end where the adapted it down to the existing 3 foot pipe. First major rain came (and countless afterwards), and what do you suppose happened when all of that new, greatly increased volume amount of water came rushing down miles of 10 foot diameter pipe and suddenly hit that existing 3 footer? Sent manhole covers flying and turned that valley into a lake, flooding countless homes. Water made it to the edge of my front door, but luckily stopped. I sold before the next rain.

Why"d it happen? Other than the moron that engineered it that way, and the town approving it, the town needed to keep the new home owners and contractor happy, and we in the valley had to flip the bill through bonds. The richer folks and contractors always get their way. Good Luck.

Mark

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steve_ne

02-14-2006 09:59:13




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 Re: ot:Paved Road? Increase home value? in reply to GregCO, 02-14-2006 09:51:33  
EXACTLY, My neighors are 1 banker,2 contrators,1 well digger...Grease my pockets and I'll grease yours. Or I'll screw someone into greasing your for me.



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Midwest redneck

02-14-2006 09:11:04




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 Re: ot:Paved Road? Increase home value? in reply to steve_ne, 02-14-2006 09:04:14  
I would say screw the pavement, go with dirt/gravel. The people who want to drive a clean car/truck want pavement. I live on a gravel/dirt road and I know that many will want blacktop soon. Blacktop is expensive and people drive real fast. Now they go 40mph then 60 with blacktop. $13,000 for each house (screw that)



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