Looking to Purchase Rural Property
Are you searching for rural property? If you’d like vacant land to built on, or just want to get away from the hustle and bustle of the city, there’s lots to think about. Restrictions can come into play from the township, the environmental authorities, and the mortgage lenders, and these may affect your ability to do what you want with the property.
This is where I come into play. Since I have experience buying and selling rural properties, I understand some of the questions you need to ask, before you purchase. Here are some examples you may not have thought about:
Zoning or Designation
This could play major role in how you can use the property. Did you know that land, not just the buildings, can be designated “Heritage”? Depending on the zoning, there could be restrictions, such as where you can build, renovate, fence, install lane-ways, ponds, or place outbuildings, or whether you can raise livestock.
Location of Building Site
Where, on the land, do you want to build? How much will it cost to get hydro to your new home. Will the township even allow you to build? You may have plans for the property, however, you’ll need to see what the township will allow, before you go ahead.
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? 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.
Abundance or lack of water is 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. In other words, applications and engineered reports can take time and be quite costly.
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. Unfortunately, you can’t control what others do around you, but you can make sure you do your homework.
Need More Information about Rural Property?
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.
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, and appreciate any comments.
Thank you very much and I hope all your Real Estate goals come true!!