Home Buying in Austin>Question Details

Texgen5, Other/Just Looking in Austin, TX

What monetary value does a good working water well add to a country home on acreage?

Asked by Texgen5, Austin, TX Thu Jun 28, 2012

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When you're asking about the value of a good working water well, it all depends on where your property is located. If you're on some acreage, then it is always a great investment for the property. If you're in town on a regular sized lot, then there are many aspects to consider.

Austin City Council is considering having all Austin homeowners register their wells as there has been an increase of wells being drilled within the city limits.

The cost for drilling a well depends upon the depth that has to be drilled to maintain a regular flow of water from the well and the type of ground to be drilled through. I had a client in Wimberly that couldn't drill because the property sat on solid rock. Have you asked a drilling company for estimates?

As I previously stated, if you're talking about a water well for acreage, then the the benefit of the well will add to the overall value of the acreage, but you won't recoup the total expense.

Here are some articles for you related to your question:
Drilling a Water Well on Your Land: What You Should Know (although a Kansas based company, the information is about the same for any area.) - http://www.kgs.ku.edu/Publications/PIC/pic23.html

Texas Ground Water Protection Committee - http://www.tgpc.state.tx.us/WaterWells.htm

Austin Wants to Know Where the Wells Are - http://reportingtexas.com/austin-wants-to-know-where-the-wel…

Texas Drought Sparks Water Well Drilling Frenzy - http://www.texastribune.org/texas-environmental-news/water-s…

Additionally, as some others have mentioned, there is great value in adding a Rainwater Collection System. There are many types of systems which don't all include a large tank on your property. Some can be installed under a deck, along the side of your home, and some can be installed underground.

The City of Austin is currently offering rebates for homeowners who install Rainwater Collection Systems - http://austintexas.gov/department/rainwater-harvesting-rebates

Simply search the Internet for "Rainwater Collection Systems" and you'll find a treasure trove of information. One of my recommendations is Spec-All Products - http://specallproducts.com/

I hope this information assists you, and please know that my commitment to representing home buyers and sellers is the same as the commitment to providing you with useful and relevant information.

Shannon T. Schmitz,
Representing Properties of Distinction throughout the Texas Hill Country
1 vote Thank Flag Link Sun Dec 23, 2012
I think that is a wise assessment. If your home is attached to the municipal water system, then a well is nothing more than a liability. If you live in a rural area, a well is probably absolutely necessary.

http://www.hudsonvalleydrilling.com/about
Flag Wed Oct 8, 2014
It will depend on the amount of acreage and the kind of water well. Sometimes it's not worth the cost of the drilling, but most of the time the value that it adds way exceeds the cost of installation. I would recommend it for your land.
http://www.fielddrilling.ca/en/services.html
0 votes Thank Flag Link Tue Mar 17, 2015
I would say that if you have a big country property, it would be a good idea to get a well. Having well water helps the water to taste better and is good for the rest of the water sources. I would look into how much it would cost to get one put into the home, and then see how much it would probably increase the price. I'm sure that it would make buyers much more excited about the property, because I have heard that wells are really nice to have! http://www.hullwellandpumpfl.com/services.html
0 votes Thank Flag Link Wed Dec 10, 2014
I will give you a good answer to your question.
However, you are traveling the path that ultimately results in over pricing the home.

Value should be applied at $30 per linear foot for a shallow well and $40 linear foot for a deep well.
Add to this $1200 for submersible pump or $600-$900 for suction/jet pump

"the sum of all parts' is a faulty approach to establishing the value of a house.

Best of success,
Annette Lawrence, Broker/Associate
Remax
Palm Harbor, Fl
727.420.4041
http://www.FLrealestatemadeEZ.com
0 votes Thank Flag Link Tue Sep 23, 2014
Yes, it is true that it can get very expensive, and it does depend location & soil.
You will have to get estimates.
If you have neighbors with wells, they may be able to give you an idea of how deep most welsl are in the ares, as well as how good the ground water is.
Web Reference: http://www.legreenhomes.com
0 votes Thank Flag Link Tue Sep 23, 2014
A well is a wonderful asset, the question is how deep do you have to go? Then what happens when your neighbor goes 10-20 feet deeper than you, he has water and you may not... I would consider a Rainwater Collection System. They can fill up in just a short burst of rain and there are great filtration systems available. Talk to Richard Heinlin in Dripping Springs for more detail. Here is his website: https://rainwatercollection.com/faqs/

Good luck!

Betina
0 votes Thank Flag Link Thu Dec 20, 2012
Hi,

I think John's answer below answered the cost associated with having a well drilled.

The added value of a home having a well could go either way. If you also have city or a municipal water, having a well as an additional water source could be beneficial and added value. If a well is you're only source of water, than market rates of homes sold in the area will be the determining factor.

An educated buyer will know, although the water is free, there are costs associated with owning a home with a well system.
0 votes Thank Flag Link Tue Oct 9, 2012
Wow, I'm really surprised at this answer because I didn't think it added quite that much value. We have lived in a home with a home that had water well drilling done to it years ago. We are going to sell it and get a larger home in the near future because of our growing family. This is great to know! http://www.blackdogdrilling.com
0 votes Thank Flag Link Mon Oct 8, 2012
Read a story in the local paper recently, the cost to drill a well in the City of Austin is $18,000 to $32,000. It's a property you can sell broadly (well) versus one with a narrow audience (no well). Think about factoring the cost to drill a well as the value to a potential buyer.
0 votes Thank Flag Link Thu Jun 28, 2012
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