Questions to ask when Purchasing a Farm or Home with Acreage.
Do you know what you should be looking for when purchasing farm land or a new home with a lot of acreage? Whether you are purchasing a lot to build your dream home or growing your farm there are 5 things you should consider before buying.
What is the soil/terrain like?
Different types of crops prefer different types of soil so it is important to know the soil type before purchasing. Consider getting the land appraised to learn the value and how it might affect your crop growth. Even if you want vacant land, knowing the soil history can help you better plan for a successful crop year.
What are the zoning and state laws?
The value of the property can be affect by particular zoning laws along with how the land can be used. Before you purchase make sure your plans do not conflict with existing zoning laws in the areas. Even though zoning might not affect your hunting land check what unit you are moving to to get familiar with the local laws.
What water sources are located on the property?
Will you have access to city water? Is there a well? Is the land irrigated? These are all important things to consider before purchasing a home with a lot of acreage. Knowing if you need to drill a well allows you to make a better financial plan.
What are the property taxes?
Did you know that some farm use can be as a tax exemption? Check your local property taxes to make sure that they will not be too high for how much the land is worth.
How close is it to town or markets?
Neighborhoods are a surprisingly important asset to country living. Local towns and markets are a great place to get your foot in the door to start selling your crops or livestock. If you have to drive 50 miles to the closest market is it worth the cost?
Are you ready to purchase?
Give me a call at 615-973-9986 to get started on purchasing your new farm land or home with acreage. Get more information at https://www.tncountryliving.com to find out if purchasing land is the right decision for you.
What water sources are located on the property?
