Navigating Rural Real Estate
While some of the homes we build are located on City lots, many custom homes we build are located in a more rural setting. Are you contemplating the tranquility of the countryside? Dreaming of a home amid wide open spaces and lush fields? Buying rural property is an adventure distinct from city lot purchases, and it's crucial to understand the specifics. This guide will assist you in conducting a thorough feasibility study, ensuring your rural property dreams are well-grounded in reality. This is by no means an all inclusive list, but it is a great starting point!
What is a Feasibility Study?
A feasibility study is an essential phase where potential buyers assess if a property aligns with their needs. This period allows you to explore every aspect of the property thoroughly before committing to the purchase.
Identifying Your Needs
Livestock or Agriculture: Are you planning to rear horses, cattle, or undertake 4-H projects?
Hobby Farming: Perhaps you're inclined towards viticulture or other agricultural pursuits?
Leisure and Amenities: Considering a smaller plot for leisure amenities like a pool or a workshop?
Be mindful of the neighborhood's zoning and the potential impact of future developments on your property.
Site Evaluation
Property Boundaries: Ensure clarity on property lines, potentially hiring a surveyor for precise demarcation.
Environmental Factors: Investigate floodplains and wetlands, and understand the implications for insurance and building restrictions.
Home Site Potential: Evaluate the suitability of the land for your intended uses, including any easements or building regulations.
Neighborhood Dynamics
Location Considerations: The surrounding agricultural activities could influence your living experience. Investigate nearby farming practices.
Covenants, Conditions, and Restrictions (CC&Rs): Familiarize yourself with any CC&Rs applicable to your development.
Infrastructure and Utilities
Irrigation Water: Verify the availability of irrigation water, a critical element for rural properties.
Septic Systems: In the absence of public sewer systems, understand the requirements for and costs of installing a septic system.
Utilities: Assess the availability and costs of utilities like electricity and drilling a well. Factor in any additional costs for extending utilities to your property.
Legal and Tax Considerations
Zoning and Taxes: Review the property's zoning and tax status, and understand how these might change with development.
Agricultural Exemptions: If applicable, investigate the requirements to maintain agricultural tax status.
Water Rights and Leases: For farmed properties, ensure clarity on water rights and any existing leases.
Where is Everything
Moving to the country may mean a longer commute especially to schools, gas stations, grocery stores, etc…are you prepared for that? Make sure to check out:
School Bus Service
Garbage Service
Private vs. County Roads
Cable and Internet Service. Is high speed available, what are the other options?
Emergency Services….where is the closest fire station…hospital?