A wide range of acreage land is generally available for buyers, outside the standard residential property that most people seek. This type of property may encompass a variety of natural features, such as forested areas, creeks or marshlands that are home ground or migration routes for a variety of water fowl. Although not right for everyone, these acreages offer a number of advantages for individuals who have special land requirements.
Hobbies That Require Space
Many people decide to buy acreage because conventional residential properties are too confining and don’t provide enough space for hobbies that require more land area or equipment storage. An individual may do blacksmithing and want a forge and metalworking studio on the property to hone their craft more easily. Many people enjoy gardening and need more space for planting. Other people may enjoy classic cars and need space to store and work on these vehicles. You may have another hobby that needs the space and freedom that an acreage property affords.
Stable for Horse Lovers
Individuals who love horses and riding often have to forego owning their own horse because of expensive stabling bills. With more acreage, you can reduce the cost of owning your own horses, fulfilling your wish for ownership in a more affordable way. The increased land area will also provide grazing land for the animal. Some ranch land sales sometimes already have an existing horse barn on the property.
Residence-Business Combinations
You may have a hobby that can be converted into a small business or have skills that will allow you to create a business on the same property as your residence. This can be a convenient arrangement to avoid commuting times and consolidate expenses. You should research the property carefully to make sure it will allow permitting for these activities.
Extended Family Compounds
You may plan to build a number of homes on your lot to accommodate adult children or to keep an eye on elderly family members. This strategy will require significantly more acreage than the conventional residential lot. If you can acquire the right permitting for your project, you will be able to develop a family compound that will allow students, grandchildren and older family members to be close by.
The decision to buy acreage is an important one, and you should take time to think about your future goals and needs before your purchase. Be prepared to do additional research to determine if the property can be used for the purpose you have in mind and whether the costs are in line with your goals. Then, be prepared to look at a number of choices before finding the right one for you.