Too many people have stumbled into the Colorado real estate market and bought a property only to find that they couldn’t build on it because they had no water available to them. The laws in Colorado concerning water are very important to consider before purchasing any land or homes in Colorado.
Many people who come to Colorado to buy a home are totally unaware of the role water plays in the west. A friend of mine came to visit from the mountains of North Carolina where he told me the story of a metal pipe he saw sticking out of the ground that had a constant steady stream of clear clean drinkable water issuing forth all day and all night. You’d never find this in Colorado.
Not only is Colorado a very dry state (its climate is listed as semi-arid, which is one step shy of a desert!), much of the water running through Colorado has been bought by the big cities like Los Angeles and Las Vegas. Farming communities across the state are drying up and being forced to haul water into their communities just to water their crops and cattle.
More than one disreputable real estate agent has capitalized off the trusting and unwitting buyer into purchasing a chunk of land that will never be developed due to its lack of water.
Colorado House Bill 07-1156 was recently signed into law in order to avoid just these situations. This law states that anyone selling a piece of real estate must disclose the name and contact information of whomever is providing the potable water to the property, whether it is by a well, a ditch, or by the local water district. This law recommends that the buyer contacts the water supplier to see how sufficient this water supply is to ensure many years of viability.
Before you buy your dream Colorado home, make sure you check your well to see how much water flows forth. Is the water a tiny trickle? Is it a dusty flow? What is the condition of the water pump and motor?
Take the time to research the source of water for your Colorado property. This time spent researching might save you hundreds of thousands of dollars and many hours of heartache.