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Water, Water Everywhere

December 12, 2022 by bzawaski

Water, Water, Everywhere“Water, Water Everywhere, and all the boards did shrink. Water, Water, everywhere, nor any drop to drink” from ‘The Rime of the Ancient Mariner’ by 18th Century Poet Samual Taylor Coleridge. Although the Ancient Mariners of the 18th Century clearly understood that much of the earth’s surface was covered by water they quickly learned that a supply of life-sustaining freshwater was a scarce commodity. 70% of the earth’s surface is covered by water but, a mere 2.5% is freshwater with less than 1% easily accessible. The World’s population currently uses 30% of the available freshwater supply and according to the United Nations, water usage could run as high as 70% by 2050. It’s further said that by 2025, 1.8 billion people worldwide will live in areas plagued by water scarcity.

When demand for Real Estate exceeds available inventory it can be managed by building new homes. When demand for freshwater exceeds its capacity the solutions may not be as simple or cost-effective. If pressed to make a life-or-death decision, many would be quick to prioritize the need for life-sustaining water over the shelter of a home. What Real Estate & water flowing through it share in common is both are considered ‘Real Property. Often times the ‘Rights’ that go with a parcel of land, or property that includes a home, are taken for granted and the potential value remains just that, potential. 

Water Rights that can provide fresh Springwater for consumption, as well as the ability to irrigate crops, can rival or exceed the value of the adjoining land in many cases. In Oregon, a water Right is authorized by the State Water Resources Department (OWRD). Requirements for issuance of a ‘Water Right’ before using surface water have been in place since 1909 and groundwater permits were first issued in 1955. The doctrine of “Prior Appropriation” is a system wherein it’s basically one of first come, first served. In times of shortage, the “Senior” water right holder is entitled to take all the water needed before the next “Junior” water right holder is served. With only a few exceptions, Oregon law provides that all water is publicly owned. Water Rights with a “Priority Date” that predates any “Junior” water rights holders can add additional value under our “Prior Appropriation” doctrine. 

Real Estate has remained an excellent long-term investment, however, it’s not immune to cyclical changes in the market. Hedging one’s investment by utilizing valuable resources such as water can be just the right solution. Water and its importance to our survival have been referred to as a ‘Human Right’ thus, it will always be in demand. If you’ve wondered what one of the few prognosticators who saw the housing collapse of 2008 coming is doing today, after making $2,690,000,000 for his clients by ‘shorting’ the housing market, Dr. Michael Burry is focusing all of his tradings on one commodity: Water. 

Bob Zawaski G.R.I.

Oregon Licensed Principal Broker

Investors Trust Realty

 

 

 

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Filed Under: Buyers, Investment Properties, Real Estate Best Practices, Real Estate Education, Sellers Tagged With: Big Short, bob zawaski, freshwater, Investors Trust Realty, Mike Burry, real estate, Real Property, Short, The Big Short, water, Water Rights

Do you need a French drain ?

September 30, 2014 by bzawaski

index drainage

 

 

 

 

Water always flows downhill, and by the easiest route possible. That’s the basic concept behind a French drain, a slightly sloped trench filled with round gravel and a pipe that diverts water away from your house.

 French drains provide an easy channel for water to flow through. Water runs into a gravel-filled trench, then into perforated pipe at the bottom of the trench.

Water travels freely through the pipe, which empties a safe distance from the house.

The trench bottom should be sloped about 1 inch for every 8 feet in the direction you want water to flow.  A low-lying area of your property, drainage ditch. dry well or the street.

When You Need a French Drain

  • When you have a problem with surface water, such as a soggy lawn or a driveway that washes out.
  • If water is getting into your basement.
  • If you’re building a retaining wall on a hillside.

If Your Problem is Surface Water

Install a shallow French drain. Also called a curtain drain, it extends horizontally across your property, directly uphill of the area you want to dry out. It intercepts water and channels it around the soggy spot.

This type of drain doesn’t have to be very deep – a common size is 2 feet deep and 1.5 feet across. Where the drain passes through areas with trees or shrubs, switch to solid pipe (not perforated) to reduce the risk of roots growing into the piping and clogging it.

Cost: $10 to $16 per linear foot.

If Water is Getting Into Your Basement

Install a deep French drain. Also called a footing drain, it runs around the perimeter of the house at the footing level and intercepts water before it can enter your basement.

It’s easy to install during house construction, but much more difficult and expensive to add later. If you have tall basement walls, you may have to dig down quite a ways to access your foundation footing.
If there’s not enough slope for your drain system to work, you may need to pipe the collected water to a basin in the basement, where a sump pump can lift it and send it to the storm drain system.

Cost: $12,000 for a 1,500-sq.-ft. basement 6 feet deep.

Install an interior French drain. An interior French drain intercepts water as it enters your basement – it’s the surest method of keeping your basement dry and a better option than a footing drain.

However, if you have a finished basement, you’ll have to remove interior walls in order to install the system. That shouldn’t be a problem if water is ruining your basement anyway.

Crews cut a channel around the perimeter of your basement floor, chip out the concrete, and install perforated pipe all the way around. The water flows to a collection tank sunk into the floor, and a sump pump sends it out to the yard or a storm drain.

The channel is patched with a thin layer of concrete, except for a small gap at the edge to catch any water that dribbles down the wall.

Cost: About $3,000.

If You’re Building a Retaining Wall on a Hillside

If you’re building a retaining wall, add a French drain behind the first course of stones or blocks. Otherwise, water moving down the hill will build up behind the wall and undermine it. The pipe should rest on the same compacted gravel base or concrete footing that supports the wall.

To protect the drain from clogging with silt, drape landscape cloth across the base or footing and up the slope before adding the pipe and drain gravel. Near the top of the wall, fold the cloth over the top of the gravel, and top with several inches of soil.

Cost: The added cost to do this while building is very little – just the price of drain gravel ($25 per cubic yard) and pipe (50 cents to $1 per lineal foot).

If you are unsure if a french drain is right for you, contact a licensed drainage contractor before you begin your project.

Need a drainage contractor ? Try M. Leon Construction at 503-643-6631 or Ability Plus Drainage at 503-246-0474.

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Filed Under: Home Repair & Remodeling Tagged With: Drainage, French Drain, water

About Us

Bob Zawaski G.R.I.   I take a truly consultative approach to working with my clients to ensure satisfaction. I start by defining your needs and objectives. Whether you are looking for your first home or looking for an investment that … Read more...

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