Common easements have NO impact on property value as property value is determined by the principle of “substitution”.
If ALL of the lots have similar easements, then there is zero impact on value.
You can have a utility easement, with no utility infrastructure in it.
Do easements affect property value?
In most situations, easements will not decrease the value of the property. If the easement has strict rules or requirements the property owner must follow, however, it can affect property value and marketability.
Can you refuse an easement?
As the owner, you have a legal right to grant or to deny someone’s request for an easement on your property. No one can simply impose an easement on you. However, if the easement is sought by a public entity like a local government or utility, your denial may be challenged in court.
What does having an easement on your property mean?
An easement is a legal right to use another’s land for a specific limited purpose. In other words, when someone is granted an easement, he is granted the legal right to use the property, but the legal title to the land itself remains with the owner of the land.
How do I get rid of an easement on my property?
Terminating easements by express release or agreement
The dominant owner can release the easement by deed, thereby extinguishing it. Or the dominant owner can transfer the easement by deed to the servient owner.