Have you ever invested in a property in the country? Well, you will likely know what I am going to write about. When you are considering a country property, it is a good idea to hire someone with a Past . . . Past experience selling/buying in rural areas, that is. This is where I come into play. There is a lot to consider when buying a country property. I am going mention just a few things, only because you don’t have all day to read my blogs.
· Zoning or Designation of the Property
This could play major role in what you end up doing with it. Did you know that land, not just the buildings, can be designated Heritage? Depending on the zoning, you could have restrictions such as where you would like to build, renovate, install lane-ways, ponds, outbuildings, fencing, or raise livestock.
· Location of Building Site
Consider where on the land you want to build, how much would cost to get hydro to your new home, and whether a build is even possible.
· Previous Land Use
Have you thought about how the land was used in the past? Is there a lease that runs with the land, which could place restrictions on your use? You may want to check into mining rights, gravel pits, water rights, timber contracts or farm crops. These are just a few but there are many to think about.
The abundance or the lack of water can be a major concern for rural properties. If there is a river or stream on your property, how does that affect your use? There are minimum setback and elevations from waterways to buildings and laneways. Also think of flood plains or seasonal water tables. The Conservation Authority can often dictate what you can do. Unfortunately, applications and engineered reports can take time and be quite costly.
· Energy Sources
Another thing to keep in mind when buying a property is the presence of windmills or solar farms in the area. What about future power lines? How close can your neighbour build a home or barn? These issues may affect the enjoyment of your property and can impact resale value and you may not be able to control what other do.
These are just a few things to keep in mind when you are considering purchasing a rural home. I would be pleased to help with this very important decision. If you take the time to consider potential issues first, it can be a very exciting time, especially when you hire someone like me to help you make an informed decision.
There are some fantastic rural homes and properties on the market today and I would like to help you find just the right one for you and your family. I work in the Beautiful areas of Creemore, Stayner, Collingwood, Wasaga Beach, Blue Mountain, and Grey Highlands; recreational paradise.
Call me today, if you have had any experiences good or bad with rural properties. I would be very interested to hear from you. I also appreciate any comments.
Thank you very much and I hope all your Real Estate goals come true!!