Well water vs city water

[Tim M]

Purchased a REO and in the process of rehabbing. The house is setup to run off of a well. The well pump and water pressure tank are MIA - est cost $750. Or should I bite the bullet and hookup to city water - which is on a voluntary bases at the cost of $7k. The city offers low financing for up to 20yrs ie the payment would be $35 a month.

Is there any upside for hooking up to city water other than fewer maintenance issues? From what I can tell it doesn't increase property value or potential rental income and is more of a personnel preference? Opinions?