I don't plan to build any additional buildings but a future buyer might. The problem is really separate from the issue of an underground line. It's the uncertainty. I don't know if it will just be an underground line or what will happen. If I knew it was just an underground pipe, I would only have to worry about the easement maintenance and the accident risk. There is more to worry about when you don't know if there will even be an impact.
Projected Pipeline
- Thread starter Jlblake
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I don't plan to build any additional buildings but a future buyer might. The problem is really separate from the issue of an underground line. It's the uncertainty. I don't know if it will just be an underground line or what will happen. If I knew it was just an underground pipe, I would only have to worry about the easement maintenance and the accident risk. There is more to worry about when you don't know if there will even be an impact.
RickB
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That 66 acres might be a prime location for a compression station. It could be a nice windfall for you.
Diggin It
Super Star Member
^^ I've been kicking around the idea of OP buying it as an investment for just that kind of possibility.
RNeumann
Elite Member
We have a major pipeline near us that feeds natural gas or propane between Canada to the West Coast. They did their testing a year or so ago which did require some construction for a few weeks. Beyond that they keep almost all vegetation out except grass. Roads etc are OK over the top of it.
It’s up to you obviously. Some things to consider- No structures on or near the line, no trees or shrubs on or near the line. And I assume some folks would be in and out about 1-2x a year with more testing every 5-10 years.
If I went through with the deal to buy the property I’d be inclined to lease the rights rather than sell the rights. That seems to work out best.....if it’s possible. Or at least clearly define the easement. A family friend has high voltage power lines on his property. One day he saw a crew installing a cell tower on the power line. The easement was for power only- he informed the cell company “nice try”. He makes some good pocket change from the cell company- they are on a lease with him.
It’s up to you obviously. Some things to consider- No structures on or near the line, no trees or shrubs on or near the line. And I assume some folks would be in and out about 1-2x a year with more testing every 5-10 years.
If I went through with the deal to buy the property I’d be inclined to lease the rights rather than sell the rights. That seems to work out best.....if it’s possible. Or at least clearly define the easement. A family friend has high voltage power lines on his property. One day he saw a crew installing a cell tower on the power line. The easement was for power only- he informed the cell company “nice try”. He makes some good pocket change from the cell company- they are on a lease with him.
Vaquero
Silver Member
Makes for a nice shooting range. Clearcut is already done for you. Nice access from one side of the place to the other. The high voltage line across our place had been there since the 1940s. No defined easement. The utility upgraded it 2 years ago. I negotiated a pretty decent package (knowing full well that they were coming through wether I liked it or not).
They paid for 7 acres of easement at a price that would have bought over 50 acres free and clear.
Serendipity kinda thing. All I lost was some trees.
They paid for 7 acres of easement at a price that would have bought over 50 acres free and clear.
Serendipity kinda thing. All I lost was some trees.
I suspect this is a more likely outcome. I just don't know and that worries me. I have no problem with the underground pipeline alone. I just don't know if that's all I'll get. I actually feel really bad for the sellers but I don't want to pay too much for that. Just trying to figure out what the uncertainty premium is or should be.
RickB
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Probably, but location is key. I knew a woman who sold 5 acres in Putnam County NY in 1987 to a pipeline for a compression station. She did a land swap deal for two upstate NY farms totaling nearly 800 acres and did not offset the total sale price of the 5 acres.
Ken
Veteran Member
If you piurchased for a home or just investment property. the right of way may be 16 -32 feet wide and you will have given up being able to do no more than graze cattle . also there will bwe vehiclwe traffic like a country road forever.
The Non committal attidude shows they don't want to be good leaser of you land.