If you are considering buying a Colorado property with a well or planning on drilling a well on a property please consult an attorney, one who specializes in water rights and permits. Water is a BIG deal in Colorado. Often banks and other lenders will not loan money on existing property if water isn’t available. A buyer should do his / her due diligence when it comes to an existing well.
- Consult the Colorado Division of Water Resources for more information 303 866-3581
- Talk to a local well driller for information about specific areas. Well drillers are a wealth of information.
Questions to ask about an existing well:
- How old is the well?
- Is it registered with the Colorado Division of Water Resources?
- What are the water use restrictions?
- What is the current pumping rate?
- What is the quality of water? Has it been tested lately?
- Where is the well? Is it physically on the property?
- Can the well be accessed and repaired?
- Does it look like it’s in sanitary condition?
- Do ground surface water slope to the well or away from it?
- Is the well casing about ground?
- Is the seal weather tight?
- Are there any abandoned wells on the property? Plugged or unplugged?
For more information: http://tiny.cc/7waud
Dena Stevens “Putting the ‘real’ into REALTOR since 2004