Lake Martin Topics: Higher winter water = lower property values?

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	Name:	MartiniMan -
	Subject:	Higher winter water = lower property values?
	Date:	8/5/2013 4:46:54 PM

Come see my view in January versus October or March when we are at around 483. At 483 I have water out my back door that looks really nice. At 480' I have mostly brown mud and a little creek out back that doesn't look very nice. Now that might not matter to a summer residents only but it will make a big difference to retirees that have to look at that view all year long. Which is why year round water homes bring a premium over ones like mine.

Anything that can be done to increase those property values will benefit all property owners. Its called comps and if you don't think that increasing the value of comps doesn't benefit all property owners then you need to talk to appraisers. They will tell you that comps are the primary driver in their valuation methodology.

Or maybe look at it this way. Thirty or so years ago they dropped the lake elevation 50 feet in the winter. I am 100% convinced that if they dropped lake elevations that much again regardless of the the rule curve it would negatively impact property values. Just see what happened to Lake Lanier during the three years that the lake levels suffered or Cumberland Lake in Kentucky when they dropped lake levels for 5 years to repair the dam. Property values suffered greatly.

If the downside is limited, which I believe it is, and the upside overall is positive then we should all be behind the change in the rule curve and the winter pool.