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5 Tips For Buying Acreage With Your Home
Dated: July 25 2017
Who doesn't dream of having a house with a lot of land, maybe raising animals or having a farm? Before you try buying acreage, read our tips to prepare.
Are you looking for that piece of land to call your own?
Owning a home is great but having acreage included is amazing. Having extra land holds potential for many outdoor activities.
Homeowners with a green thumb can save money by growing their own food.
Large areas of land work well for outdoor entertaining and event hosting.
Having acreage enables you to have freedom and space. Before you purchase the first plot you see, there are tips you’ll want to follow.
Knowing what to look for when purchasing acreage could save you money in the future. In this article, you will learn five tips for buying acreage with your home.
1. Location of the Property Is Important
Having large amounts of land could mean being out in the country. Certain buyers may prefer the seclusion that comes with country living.
It is important to realize you could be further away from a nearby town. Factoring in additional costs associated with extra travel is important to do.
There is nothing wrong with traveling extra to get into town as long as it fits into your budget. Having a property with significant land is often well worth the sacrifice of a little extra gas.
2. Learn the Level of Maintenance the Acreage Needs
An important concern when buying land is if it will require maintenance.
Smaller plots of land don’t require many hours per week. Owning many acres could mean hours of mowing just to maintain the land.
Homeowners with large projects may want to hire outside help. Many homeowners hire landscapers to help with their yards. Landowners may find these services to be beneficial for their situation.
3. Think About Realistic Space Needs
It might sound like a dream to own 60 acres of land. What you want to remember is the costs associated with massive land areas.
Many areas require paying various taxes on land that you own.You don’t want to worry all year about receiving a massive tax bill.
Buying acreage is best done with a manageable area of space in mind.
4. Check Into Easements When Buying Acreage
Don't forget to check into any possible easements that come with your land. In many cases, previous easements may have been made to the land you now own.
If an item is on land you own, you very likely have the right to use it. Checking any specific clauses on your land is wise. Once you've purchased land, an easement could mean partial ownership in a nearby property.
Making false assumptions about what is yours could prove costly.
5. Ensure Compliance with Local Ordinances
Knowing the regulations surrounding your land is a wise idea. Certain ordinances could mean certain buildings are not allowed.
Livestock owners may need their animals to be placed within a certain area. Certain plots of land may have no ordinances at all placed on them.
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I am the team leader for The Prime Team with Keller Williams Realty and have been a Realtor since 2011. Real estate is my passion, whether it is helping people buy, sell, build, or invest. It doesn't ....