Stay away from the "hauled water" if you can. The well water is the way to go.
By the way Rio Verde area is a real gem. Great views and an Arizona rural feel yet close enough to Scottsdale and Fountain Hills for some civilization.
If I can help you in any way, just ask :)
Jeff Masich, RealtorÂ®
Arizona Homes and Land
HomeSmart Real Estate
The difference of buying a home with a good well and one with hauled water is huge! Hauled water is not desirable, and it going to back people off from purchasing your property in the future. That said, there are a lot of bad wells in Rio Verde so if you end up buying one with a well, make sure it is a good one. A well can run from 20k to 50k in Rio Verde depending on where your property is located, and in some areas out there there is no water at all. I would dare to say that the differnce in terms of value can be up to 100k on a property, it is not just the cost of drilling a well (if even possible), but the risk of not finding any water at all.
That said, quite a few people in Rio Verde haul water and is ok with it, but the majority of buyers are not ok with it.
Generally Speaking -- -- A residential property with an "on site" water source (public or private) will command a higher value (or price) than a residential property without. As stated before - the market dictates how much ($)...
Many wells in the Rio Verde market area are shared wells. The reason being, the amount of available ground water is less in some areas than others, so the number of permitted wells in an area is limited. The number of residential properties sharing a specific well can and does vary. If a buyer is using FHA for financing purposes - the maximum approved number of properties sharing a well is 4.
I live in Rio Verde foothills and have owned 2 homes one with a well and one with a water district/well in Granite Mountain Ranch which is where I live now.
On average, the differential of cost for a home with or without a well can range 20-30 thousand dollars roughly and perhaps more.
If you have horses or livestock and intend to have a pool and landscaping be prepared for a lot of water usage from irrigation, pool water evaporation and horses if more than one consuming a lot of water here in the desert.
Costs monthly with a family can run as high as 3-400 per month depending on how large the home and how many are in the family.
Hope this helps you...
Stew Keene - Home Smart Realty
Member Master of Real Estate Society
Scottsdlale and North Phoenix area Specialists.
(480) 220 -7491
2) Property value. I just had a client refinance a Rio Verde foothills home. He had it calculated with a well and without a well. There was a $100k difference between the two in value (well being better).
3) Scottsdale city water ends at about 136th street. Wells from there are "iffy." Many only producing sludge. The best chance is to use a well drilling company that puts that casing in at the same time they drill the well. This will help a lot. Then they must find the right depth.
You will get more for you money in the Rio Verde Foothills area. Even if it is on hauled water. It is even an area people still wave to you as you pass (very friendly). The views are fantastic (from most lots). I think it is an untapped area and one that will become more and more popular as the valley gets 60k new people coming here each year.
I would suggest you go by what lifestyle you are looking for first. Then compare one home against the other. The hauled water issue is really not as big a one as it might seem at first (I'm told by all my Rio Verde Foothills clients). As far as value, you will know that at the time of purchase and can therefore make the right contract offer.
Having said that there are million dollar homes on hauled water, five acres, pool, with 5+ bedrooms, a den, and an on-suite living area... So, it just depends upon the specific home.
Contact us for more detailed info: ScottsdaleScott.com
Do some research with the U of A Extension service & then decide. Stay away from Real Estate Agents for technical expertise.
Turning your Dream into an Address
Coldwell Banker Residential Brokerage
My experience is with a well, although im not sure as to the affect on property value, it is definitely nice to have.
The well water tastes great!
Daniel Reynolds, RealtorÂ®
Broker Executives, Inc
Broker Executives, Inc