I have a home in Surprise Az for the past three years and my water bills have averaged $ 70.00 per M\month. This is because I have a pool and irrigation for my property. So it could not get much worse than this so i am sure it is half of this with out all the extra demands on the system. The bill that I would watch out for is the hydro bill. I installed a very large solar system because I found out this concern early preparation for my retirement. The market is heating up in sales so i would m\not wait too long to buy in to the market. Best planning is well rewarded.>>> Best Wishes
Now is a great time to buy in Surprise! I see tons of houses availabe for sale and at great values! As for in 3yrs, who knows what tomorrow brings, we are not psychic! But, the prices are starting to stabilze here, and mortgages are at a good rate right now! Call your lender/credit union to get rates.
Hope that helped! :-)
The utility bill will depend on many things. Some people are more conservative than others and obviously the most expensive time is during the hottest summer months when using air conditioning.
Regarding Surprise area closings and depending an what type of property you're looking for (condo, townhouse, patio home, single family, etc) here's what I pulled up today comparing Jan-Nov 2009 to Jan-Nov 2010:
Pricing in Condos are down 8% with the average this year $81,000
Patio Homes are down 14% with the average this year $139,000
Townhomes are down 17% with the average this year $96,000
Single Family homes are down 1% with the average this year of $150,000
Interest rates are low right now and who knows what they'll be in 3 years. As far as being able to predict where we'll be in 3 years in housing given the current economic situation and taking into account the confidence level of the american public, I'd need to buy a crystal ball. Arizona has great buys right now and will always be a popular place for retirement and with all the baby boomers that are retiring now and in the near future, I think Arizona is a great bet!
Additionally if you have not been to the area, I would strongly suggest you come here and spend several days checking out the area you plan on retiring in. You may find you like one particular area better than another especiailly if you plan on living there for the rest of your life. :>)
We are told that Arizona has adequate water in the managed areas for the next 100 years.
Surprise falls within the managed areas.
As long as you get city water you should be just fine.
Your electric bill vary depending on the size of your home and usage. In general you can count on your LOWEST bill in the winter and your HIGHEST BILL in late summer (August). Here is a general calculation you can use .05 cents multiplied by the sqft of the house for your winter low bill and .15cents multiplied by the sqft of the house for the summer high bill. (Example, home is 1,500 sqft X .05 cents = $75 for the winter bill and 1,500sqft x .15 cents = $225 for the summer high bill - not including a pool which can ad $60 to $120 to the summer high bill)
I hope this helps. Let me know if you need anything else.
I have been a valley of the sun resident since 1971.
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Phoenix is the 5th largest metro in the country. If there were any known water supply issues, do you think this area would still be growing?
Arizona's water in Maricopa County comes from a combination of the Salt River, Gila River resevoir systems and the Colorado River. There are about 12 dams around the rivers which comes from water runoff in the northeeastern mountains. Waterr bills for a residential communit y run from $50 to $100 per month dependig on usage. There have been no water restriction uses during the past 25 years in areas served by this system. There is still a lot of water in the system used by farmers. Over the years many of these farms and ranches have been sold to support newer residential communities.
The old investment adage is buy low and sell high. They are low now and mortgage interest rates are near 40 year lows. How much longer will both remain at this low point.? No one knows for sure.
Jeff Maisch, Realtor
Arizona Homes and Land