New to living on an acreage?
Things you need to consider if you are purchasing an acreage.
1. Land Base - Where is it? Where do you want to live?
· Depending on the County, there can be different zoning requirements etc. that you need to think about if you want to build an accessory building or have dreams of having a second residence on the property.
· You need to consider what else is on the land. Is there a right of way or lease or easement? This can also affect what you can build and where on the property.
· What is the zoning? Are you planning to have animals or to run a business? You want to make sure you know what you can and can’t do under the county bylaws and requirements BEFORE you purchase the land.
2. Water Source
· Is there a drilled well? What is the depth and flow rate of the well?
· Water Quality? Is there any ecoli (bacteria), is it good drinking water?
3. Septic System
· What type of system is on the property?
o Holding Tank that needs to be cleaned out frequently?
o Tank & Field?
o Open Discharge?
o What’s the difference?
o What condition is it in and do you know how to maintain them and who to go if you have issues?
4. What other types of things do you need to live on an acreage that you should budget for ahead of time? · Lawn Mower
- Snow removal equipment – an acreage tractor or a quad with a blade
When budgeting for an acreage purchase you will want to consider the additional expenses involved aside from the deposit and down payment.
As with a residential purchase we always recommend a home inspection but on an acreage we would also encourage you to always have a well inspection and water test included to check the quality of the water. There is also a septic inspection that you should complete. You could be looking at an additional $1000 to $1500 in inspections then if you were purchasing a residential property.
This information is not meant to scare you or to detour you from acreage life, it’s simply to help create awareness around some of the things you need to consider when purchasing an acreage.
That’s why it is so important to choose an agent that is knowledgeable in acreages and can walk you through this process – that knows what to look for and what information to seek to ensure that all of the right questions are asked and answered. Our team is knowledgeable in this area and would love to help you.
If you have any questions, please let us know – we would be happy to answer them!