December 30, 2024 - 11:06
Potential property owners are often not asking enough questions about water, experts say — and it can end up being a costly mistake. In Colorado, where water resources are limited and heavily regulated, understanding the specifics of water availability is crucial for anyone looking to buy property.
Prospective buyers should inquire about the water rights associated with the property, including whether the water is from a well or municipal supply. It's essential to ask about the history of water usage on the property, as past droughts or changes in local regulations may impact future access.
Additionally, understanding the quality of the water is vital. Buyers should request testing for contaminants and inquire about any filtration systems in place. It's also wise to ask about the potential for water shortages, especially in areas prone to drought. By addressing these questions upfront, buyers can avoid unexpected issues and make informed decisions about their investment in Colorado's unique landscape.
