Having a well instead of public water is an equation that people fall on different sides of. There are pros and cons to both. In some areas the cost for public water is way higher than the costs of having a private well. Having your own private well means you don’t have to worry about the possibility of running out of water or paying for water during droughts. But however much sense it might make from a financial standpoint, homes with private wells might turn off some buyers. There is the possibility of hidden issues when buying a home with an unknown source of water. Sometimes homeowners neglect these wells because they aren’t paying for the water themselves. This means that the well could be falling into disrepair and buyers would need to factor in a cost for repairs before moving forward with purchasing the home. So if you’re thinking about selling your house, it might make sense to do some research beforehand as to whether or not you have a private well, and if so, how much work needs to be done on it before putting your home on the market.
There are a lot of potential buyers that would be interested in purchasing your home, but if it has a well, make sure to work with an experienced real estate agent that can help you determine how much of an issue this could potentially be for the sale. You’ll also need to disclose whether or not your home has a private well to any potential buyers and work together with them on finding creative solutions so they don’t have to foot the added costs. If you haven’t already, reach out to a qualified expert today who can help guide you through the process and even connect you with reputable contractors should any repairs or updates be necessary before selling your home. After all, there are plenty of people out there that would love a home with its own well and there are others that would prefer to be on public water.
Now if you are in the San Marcos Texas area and would like to talk about anything regarding Real Estate give us a call at Houses 4 Texas LLC. We help people through Real Estate challenges and also buy houses for cash.