Terry:
Let me confirm a few facts. The city owns the sewer system, and the houses under consideration are within the city limits. If that is true, the city may be extending the lines in order to avoid a law suit or in response to a suit. When cities expand their limit, and they don't provide city services like sewer, most courts have required the cities to offer all citizens all the services.
That said, I believe sewer does impact market appeal and value. In my neighborhood of modest homes valued from $150's to the $180's, I have seen a $15,000 difference between two similar houses. One had a sand filtration septic system, and the other was connected to sewer. In other part of my market, the difference is not measured in dollars. Some of these homes will not sell until they are connected. Others will sell whether or not they have septic systems. The municipalities in southern Orange County do not own the sewer system, so city limit extensions do not automatically result in sewer connection.
I agree with Tom Hildebrandt's analysis regarding sewer adding value to lots that couldn't support septic. Locally that happened in a neighborhood north of town. Sewer was extended because neighboring development bought it closer, and because septic systems were failing. Since sewer can through that area five years ago, values have risen dramatically, new construction is going on lots that wouldn't perk, and the whole neighborhood has been renewed. Similar market reactions happened in other neighborhoods built in the 1950's throught the 1970's.
This is an interesting topic, and posts show the wide local reaction. One of the main items driving my market is the school system. We enjoy being in the top rated school district in North Carolina. This attracts a lot of people, and we are just about out of new development sites. Because of the supply and demand issues, sewer connection has a strong impact on some parts of the market.
Let us know what happens.
Regards,
Shannon Julian
Chapel Hill, NC
Let me confirm a few facts. The city owns the sewer system, and the houses under consideration are within the city limits. If that is true, the city may be extending the lines in order to avoid a law suit or in response to a suit. When cities expand their limit, and they don't provide city services like sewer, most courts have required the cities to offer all citizens all the services.
That said, I believe sewer does impact market appeal and value. In my neighborhood of modest homes valued from $150's to the $180's, I have seen a $15,000 difference between two similar houses. One had a sand filtration septic system, and the other was connected to sewer. In other part of my market, the difference is not measured in dollars. Some of these homes will not sell until they are connected. Others will sell whether or not they have septic systems. The municipalities in southern Orange County do not own the sewer system, so city limit extensions do not automatically result in sewer connection.
I agree with Tom Hildebrandt's analysis regarding sewer adding value to lots that couldn't support septic. Locally that happened in a neighborhood north of town. Sewer was extended because neighboring development bought it closer, and because septic systems were failing. Since sewer can through that area five years ago, values have risen dramatically, new construction is going on lots that wouldn't perk, and the whole neighborhood has been renewed. Similar market reactions happened in other neighborhoods built in the 1950's throught the 1970's.
This is an interesting topic, and posts show the wide local reaction. One of the main items driving my market is the school system. We enjoy being in the top rated school district in North Carolina. This attracts a lot of people, and we are just about out of new development sites. Because of the supply and demand issues, sewer connection has a strong impact on some parts of the market.
Let us know what happens.
Regards,
Shannon Julian
Chapel Hill, NC