2023 October Issue of InMaricopa Magazine

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of wells in Hidden Valley are 600-800 feet, but in a worst-case scenario, you might have to drill 1,000 feet or more to find water. This means that the cost just to dig the well could reach $45,000, which doesn’t include the price of the pump, storage tank, pressure tank, or other equipment needed. In addition to the high initial expense, repairs and maintenance can be very costly, and are solely the responsibility of the homeowner. And there’s also no guarantee that the well will have an endless quantity of water to meet the demand. There are some wells in the area that have gone dry because they were not drilled deep enough. The majority, however, continue to operate just fine. Whether you are in favor of continued growth for Maricopa or feel it’s already grown too big, the good news is that for the foreseeable future, the water situation in Maricopa is a good one, and current homeowners within the city limits don’t need to worry about a water shortage.

construction in rural areas, won’t stop anything currently in the pipeline, but it brings the question of whether it will affect Maricopa. The short answer is no. Years ago, Global Water Resources, Maricopa’s water utility company, went through a lengthy approval process with the Arizona Department of Water Resources, and was issued a Designation of Assured Water Supply. Governor Hobbs’ restrictions only apply to groundwater sources that do not have this designation. The well Global Water draws from is part of the Maricopa-Stanfield sub-basin aquifer. They were allocated approximately 23,000 acre-feet of water, but the city currently only uses around 8,000 acre-feet, meaning that Maricopa could more than double in size and still have enough water for its residents. But maybe you prefer to live away from it all, perhaps somewhere like Hidden Valley, which will likely require that you drill your own well. With that approach, you’ll only have to pay for the electricity to pump the water, but the upfront costs could be staggering. Most wells in Arizona cost an average of $45 per foot to drill, with the rate going higher when there’s a lot of bedrock to drill through. The average depth

3 Begin showing the property to prospective tenants. By law, a tenant cannot “unreasonably” refuse to allow showings after giving notice. It’s important to work with your tenants and establish a showing schedule that works for both parties. Schedule all showings at least 48 hours in advance. If the tenant does not cooperate, you will need to send notices by mail with sufficient time to allow a showing within 48 hours of the tenant receiving the notice. If you find this difficult, consult with a property manager. 4 Prepare the Security Deposit Disposition itemizing all deductions from the security deposit and the amount to be returned to the tenant. The disposition document and deposit should be mailed to the tenant within 14 business days after you receive the keys from the tenant. 5 Quickly and professionally prepare the property for rent. You should ensure it is clean, safe and has good curb appeal. A fresh coat of paint can make your property attractive to prospective tenants. Begin marketing the property when the repairs are complete. This includes fair pricing and focused marketing. Setting the right rental price is difficult and can be costly if you don’t have the tools to do a proper market analysis. If you price your property too high, it will sit on the market for a long time; too low and you will lose money. Property management companies are expert at setting rental rates. Consider hiring one so you get the right compensation for your property. Contact us at Crest Premier Property Management if you need help when tenants serve you notice to vacate your property.

W ater – it's our most precious resource. Earlier this year, Arizona Gov. Katie Hobbs announced restrictions aimed at protecting groundwater sources in areas outside of most municipalities that will require developers to provide alternative sources of water, aside from groundwater before they can build. The move, which will only affect new How Arizona’s water issues may affect real estate in Maricopa BY DAYV MORGAN

T ENANTS CAN GIVE A NOTICE TO vacate at any time during the lease term — and for a multitude of reasons. Whatever that reason may be, as a landlord, here are the top five steps you need to take: 1 Contact the tenant immediately to determine the reason behind their decision. Try working with the tenant to see if you can do anything to help them continue renting your property. Tenant giving notice? Do this! BY SHERMAN AND EUPHEMIA WEEKES

2 Arrange for an inspection of the property with the tenant. Compare the condition of the property to when the tenant moved in. This is necessary to determine if the tenant is responsible for any damage to the property. Point out all damages outside normal wear and tear. It’s essential that you document all damages to the unit with photographs and video. This is also a good time to verify the tenant’s new address.

Dayv Morgan is a Maricopa Realtor and owner of HomeSmart Success.

480-251-4231 DayvMorgan@gmail.com MaricopaHomeSmart.com

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