Here’s how a drainage easement can affect your property value:
Decreased market value – You have to disclose any easements tied to your property when you try to sell it. The limited land utility and stress of maintenance may turn them away from the deal.
Loan struggles – Any decrease in property valuation will be a thorn in your side for taking loans and mortgages. Your drainage easement property restrictions and risk of flooding may be viewed as a liability.
Insurance challenges – The risk of property flooding may lead to companies denying you homeowner insurance or charging higher premiums for getting it. You may have to pay for additional flood hazard insurance.
Tax implications – As long as you’re still the primary land owner, you have to pay taxes on it. Your lawyer can negotiate with the government to grant you more favorable tax responsibilities. You won’t get any special tax benefit from selling a property with a drainage easement.