That bid is high for my area. Based on current prices here it should be right in the range you mention - around 40k.

As far as increasing property value, that's really hard to say. When I purchased my place it had 3 ponds on it. One 2/3 acre, one 1.5 acres and one 1/4 acre. According to the appraiser those increased the value none at all from an appraisal perspective.

I think that to the buyer that wants a pond or ponds, it makes the property much more desirable. But will you recoup your investment? I don't think so. It doesn't seem that adding a BOW changes the appraised value, which is what the banks look at. Or at least it didn't in my case.

Dale

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