Fair warning, these may be dumb questions.
SWMBO and I recently hit our down-payment savings goal, so we've started looking for houses. I get listings emailed to me daily, and one I saw today was listed as having a drainage easement.
Please correct me if I've gotten any of this wrong, but an easement is simply someone else's right to that portion of land while still under the property owner's name? The listing says that 75% of the land in the rear is conservation/wetlands, so I'm guessing it's the town that has access to this part of the property to make sure that everything is flowing correctly?
Also, with it being a drainage easement (and the pictures showed a small river running along one side of the property), does that mean the area is most likely going to be flooded during rainy seasons? Does the homeowner need to do anything special in terms of maintenance for this?
Is this a property to avoid?
Please excuse the n00b questions, but as first-time home buyers, we're trying to make sure we do as much research as possible.
SWMBO and I recently hit our down-payment savings goal, so we've started looking for houses. I get listings emailed to me daily, and one I saw today was listed as having a drainage easement.
Please correct me if I've gotten any of this wrong, but an easement is simply someone else's right to that portion of land while still under the property owner's name? The listing says that 75% of the land in the rear is conservation/wetlands, so I'm guessing it's the town that has access to this part of the property to make sure that everything is flowing correctly?
Also, with it being a drainage easement (and the pictures showed a small river running along one side of the property), does that mean the area is most likely going to be flooded during rainy seasons? Does the homeowner need to do anything special in terms of maintenance for this?
Is this a property to avoid?
Please excuse the n00b questions, but as first-time home buyers, we're trying to make sure we do as much research as possible.