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There are a couple of ways you can determine the depth of your well. One method is to use a device called a well sounder. This tool has a long measuring tape containing a sensor to alert you once the end reaches the water. 

Or you can DIY it by using a long tape measure with a half-filled bottle of water attached to it. Lower the tape measure into your well. Once you feel tension on the tape, you’ll know the bottle has reached your static water level. This will give you an approximate idea of your well’s depth.

If you’re planning to dig on your property, you’ll need to check for underground utility lines. Call the national call-before-you-dig 811 number. Once connected to an operator, you can schedule a site visit to mark underground lines. This way, you won’t accidentally dig into pipes and can cause major (read: costly) issues.

When considering the price of drilling a well, factor in how much you’ll save in water costs per year. The average family of four uses 100 gallons of water per person per day in the U.S. With a private water well, you can save hundreds each year.

Wells are also environmentally friendly. You don’t need to worry about drinking water treated with chemicals. Talk to at least three well pump contractors in your area. They’ll be able to tell you more about your options, give you different quotes, and discuss the biggest concerns.

You should always calculate real estate development costs on a case-by-case basis, so there’s no specific formula to estimate your total. You should speak with a local construction manager to see what you’ll need to do in terms of clearing and leveling the land, connecting utilities, and pulling permits for construction. A professional will be able to get you an accurate estimate for land development.