The state of California is on notice regarding availability of water and will face significant and complex water challenges over the next several years; therefore, purchasing a home in the state warrants doing your homework. In San Luis Obispo (SLO) County the water source varies by town and area, with some more challenged than others. Due to an extended drought period, our water issues are becoming quite tangible.
The water source in each town and the systems in place to provide water to the community will continue to be key to getting through this drought period. Because many of the towns in SLO County rely on ground water (wells), the lack of rain has caused the area’s aquifers to be strained and depleted over the last several years. Even the reservoirs that provide water to many of the communities are below average and some, like Lake San Antonio, are reaching extremely low levels.
What if the drought continues? Could we actually run out of water? Scary thought, but without measures to monitor and manage water in the near future, yes, I believe we could run out of water in certain areas. How devastating would it be to purchase your dream property only to run out of your water supply and not be able to use or resell your property? Each and every property is different: some may have zero problems, yet others may be headed precariously to real problems.
I feel this subject worthy of disclosure to each and every one of my buyers. I hope we see record rainfall this winter and this becomes a moot point.
Eddie Stanfield is a Broker Associate, General Partner of Century 21 Hometown Realty and member of the Institute of Luxury Home Marketing. He specializes in representing buyers in the purchase of luxury real estate in San Luis Obispo County. Stanfield maintains a thorough knowledge of the inventory of fine homes and assists discriminating buyers in finding homes that complement their lifestyles.