What's your take on this???
In article ,
Kevin Dressel wrote:
[snip!]
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On the flip side, assuming we are forced into this, what sort of
property value increases could we expect to see? Historically, how much
have sewers helped raise the price of a house / land?
I'm going to guess they help the price of the house / land about as much
as it costs to install an alternate septic system. In the case of my
boss' house, which was worth more than $1 million, I don't think it
mattered at all. All else being equal, if I was comparing two identical
houses and one was on sewer and one was not I'd buy the one on the sewer.
However, I wouldn't pay much of a premium for it. Vacant land is a little
different story and I'd pay a premium for vacant land with sewer hookups
just because so many things can go wrong (e.g. percolation tests) when
installing a septic system on raw land and having the sewer there means
one less thing to worry about.
Dimitri
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