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Buying Country Acreage and Rural Properties, To Buy or Not To Buy

Almost anyone can become a rural property where rural living is better lived.If you
owner; if you are willing to set goals, are independently wealthy, that is a
establish what your purposes are, plan different matter. There are some lovely
ahead and set targets that are all farms on the cliffs overlooking the
aligned toward the same result. And, if Pacific near Carmel California; where the
you can be patient instead of requiring movie stars reside and if you can find a
instant gratification.There is no more hundred acre farm you may be able to get
$50-an-acre land; unless you count some it for a hundred million dollars or so,
of the inaccessible and unusable plus the value of improvements. That is
properties that are sometimes available about what you can expect to pay for
in blocks of 10,000 acres or more; and acreage near Rehoboth also; and it's a
even these properties are rare. But you little easier to find. The farther you go
can get rural properties more reasonably away from the "ideal" locations the fewer
now than in the past IF you are willing people are looking to purchase it and the
to be creative in your expectations and lower the price is. An interesting
in the ways you use and modify the anecdote here; I had a couple come to me
property.If you are in a big hurry to a few years ago looking to purchase a
find rural property, you will likely not hundred acres or so on the oceanfront
be able to find what you are looking for. near Rehoboth, for horses; they could
Rural properties have fewer buyers who easily afford the price of a million an
want to purchase them, but there are acre or so, but they ended up purchasing
plenty of dreamers who have not land twenty minutes inland after they did
considered the realities. There are more reasonable research.Before you go
seldom bargains available because most out looking for property, sit down with
folks who own rural properties know paper and pencil and any partners or
exactly who to call first when they want family that will be involved. You may
to sell. If the property really is a find numerous surprises when you all
bargain it is gone with one of the first start writing down importances, desires,
ten phone calls the seller makes. and things not wanted. It is most
However, if you are willing to "think important that you know what you must
outside the box" of convention you may have, and what you can do without. Make a
end up with what is a bargain property list of the features you feel an area
for you.Twenty and thirty years ago MUST have in order for you to consider
thousands of folks bought into the "live relocating there. This might include
on a farm and make a fortune" dream of things like climate (and, thus, growing
owning a chicken house, home and acreage season), being within a certain radius of
in Sussex County Delaware -- the chicken a population center (or maybe a certain
capital of the world -- where there are distance AWAY from one), and availability
several million chickens for every person of certain facilities or services. Being
who lives here. For a short while it was within 20 miles of an airport or hospital
possible to take the "contract" from a may not matter to one family, but could
chicken plant to the bank and with only be of vital importance to another.The
that as collateral, get a loan for about most important item on this list is
10 acres, a home and at least one chicken consideration of the social and economic
house. Many folks soon discovered that climate of the area, and how you will fit
the so called contract had fine print and into it. Even if you're independently
clauses that were all in favor of the wealthy, the economic circumstances of an
chicken plant and none in favor of the area can affect how you will fit into it.
chicken grower. Soon most chicken growers Will a well-heeled but bored-with-society
were working full time to help support person be able to move into an economic
the chicken business they had bought, Appalachia and truly find contentment?
along with it's mortgage of $200,000 or Perhaps, but first consider the
more, sometimes much more.Now when I "necessities" of the life you'll be
appraise a chicken farm with house and leaving. Do you need to regularly attend
acreage I appraise the working chicken the symphony or visit a high-quality
farm at zero -- and that is really too library? Is high quality clothing
high a value in some cases. There are shopping or other shopping important to
lots of easier, better smelling and you?MAKING A REASONABLE INCOME AND
cleaner jobs you can purchase with LEARNING ABOUT RURAL IMPORTANCES: IS
$200,000 or so. If you want to make a PROBABLY THE MOST IMPORTANT PART OF
living growing chickens you should LEARNING TO LIVE IN THE STICKS.Those of
prepare to spend at least a million us who aren't independently wealthy need
dollars, you can finance it of course, to consider some means of supporting
and get several chicken houses built ourselves in our new surroundings.
around your home on 15 to 20 acres, if "Living off the land" is certainly NOT
you don't mind the smell, and then the all it's cracked up to be, and isn't even
best bet is to lease the business to legal unless you become a vegetarian;
someone who is running 20 or thirty year around hunting for meat is illegal
chicken houses at least.There are some everywhere. Even gardening or collecting
sensible things you can do in wild edibles is not legal either, if you
contemplation of moving to and living in try to do it on public land.Before moving
the country. First among those is to to the country... One of the important
start by renting a small home in the area questions to ask (and find out for sure
you want to live -- and either move there the answer) is; "Does the area have a
or at least visit there often enough to large enough population base to give a
get to know the area. If you already live person a good shot at finding a job?
close enough to drive to your dream area Another is; "Does it have a diversified
daily, start doing that and start economy? Many communities seem to have
frequenting the shops, churches and good employment opportunities, but on
restaurants there. Stop at yard sales and closer inspection they all turn out to be
to check into cars, trucks and equipment based on the same industry, such as
that is for sale in people's front yards. recreation, chickens, fishing camps,
Be honest, tell them you are planning to skiing, ocean swimming and water sports,
move into the area and want to learn timber or mining or farming. If the
about your neighbors and only stop to bottom falls out of a single industry, or
shop if you are really interested in what suddenly there is no snow or the water
they have for sale and are willing to becomes polluted and is posted against
purchase it at your price. Rural folk use... as folks from many towns can
have a built in truth-detector and it is attest has happened, the economy of the
usually accurate. Don't try to BS them or entire area falls apart -- FAST... to
your reputation will precede any other fast to get out with your investment.If
data about you.I suggest that you can an area's economy is primarily based on
subscribe to a good magazine on rural tourism, such as ours in the Rehoboth,
living, or two or three. One of the best Lewes, Dewey, Bethany, Fenwick area,
to begin with is Backwoods Home Magazine; there may be many jobs available in the
Start by visiting and reading EVERYTHING service sector (motels, restaurants,
on line, then get a subscription, then etc.) But most of these jobs pay very low
purchase ALL of the back issues which are wages, and often these jobs are seasonal.
bound into soft cover books.If you yearn Land prices tend to be inflated in many
for the simple life of old fashioned resort areas, and ours more so than
living, in a log home for instance, and most.I was surprised a few years ago to
away from the downward pull of find that the most expensive areas of
civilization, check out: you are able to California were not all that expensive
take your income with you, to maintain compared to Rehoboth and surrounding
your current income, and don't need a job areas.Minimum wage income is not likely
where you are going. Then I recommend you to enable a person to live comfortably in
just rent a place first and start a resort community, much less enable a
spending more and more time in a good person to purchase property! An extreme
area as you begin to test your transition example is the city of Aspen, Colorado.
resources. While renting get to know the This beautiful ski resort community is an
people and see if you fit in with them. extremely expensive place to live. The
They are not planning to change to meet local fast-food restaurants have trouble
your parameters, I assure you. MOST of getting employees because there is no
the folks who come from the city to the reasonably priced place for them to live.
country start by trying to change the Some of these businesses actually have to
area they have moved to and the new provide housing in order to get
neighbors, to be more like where they employees! It is somewhat like that in
left. They should not have left or they Rehoboth area. As you may know, Grotto's
should get on back there -- and most of Pizza, our largest employer in the area,
the neighbors will tell you so.If you at one time provided space for many of
move to an area as a renter and find the their employees. Now, a lot of our resort
people to your liking and they find you help lives communally in "three bedrooms,
to their liking, you have probably found sleeps twenty) type apartments and homes.
the right area. However, in rural areas Many more of our seasonally employed
ten miles can make a huge difference in folks are imported from Ireland and
lifestyle and area ethnicity. Please elsewhere -- and come to live in
don't move to a resort town, like dormitory style, often sleeping in
Rehoboth Beach where I work, and then shifts.If you are a computer
without checking try to move into a place professional, you are very fortunate as
like Oak Orchard (the little rural the "Information Age" has created a class
waterfront town where I live) or you will of professionals who can survive in
experience some near terminal culture depressed rural areas -- the computer
shock. I love where I live and the people entrepreneur. With reasonably good
who live here but hopefully not one of dial-up ISP service, perhaps a cable
them thinks that I have some intention of modem (in Millsboro and some areas of
changing the way they live here!Once you southern Sussex County) a cell phone,
have zeroed in on an area and visited it computer, printer, modems and fax, people
many dozen times or better yet rented a can now roam across the country and the
place there and started living there for world by phone and the Internet. Some
short stays; I suggest that you start folks, and this is a fast growing segment
joining various groups and organizations of our buyers, can either work at home
as a part-time member and let them know for a distant company (perhaps commuting
that you are not full time yet, but hope once a week or once a month or even in
to be. They help. Don't try to instruct the case of one of my clients twice a
them or help them do what they are week) or create a new business as a
already doing better; just try to help consultant, doing the same job for the
them on their own terms. You need to same company they are currently employed
learn the rules of this new game, it's by. With a business card and digital
their game and their community. At most tools one can appear to have a large
you will be a welcome member of the conventional business, albeit a laptop
community. You will never be the equal to and other portable digital tools, and it
those who have four or ten or thirty can be quite profitable.Computer-based
generations of family buried and businesses are ideally suited for rural
established there. For instance in our living. They are becoming increasingly
area those who have only been here for more important as a means of breaking
sixty years are still not considered loose from the grind of commuting to work
"from here" by those who have been here in big cities that are fast becoming too
since the 1500s or soon after.Once you dangerous to live in. If you're not yet
have looked at several dozen properties into computers, you'll have to consider
that interest you, and that may take a whether you have a skill that's
year or two or more; you will begin to marketable in the area you're interested
appreciate different micro-cultures in in.Make sure the place you choose (a) has
the area. You will begin to notice a use for that skill, and (b) isn't
differences in soils, roads, well water, saturated with unemployed people who have
septic system functionality and road the same skill. One of my best friends is
access; not to mention the differences in a fabulous carpenter, home builder,
governmental rules and enforcement of cabinet maker, and skilled in many other
same. Each time you find the perfect fields such as welding, auto mechanics,
property; put a contract on it "pending gunsmithing to some degree and perhaps a
research and discovery" and during that couple of dozen more marketable skills.
time check the neighbors and He moved to a rural area of Virginia to
professionals about the property. You his dream home on over a hundred acres
should check the neighbors first, lots of and his income plummeted. He is back here
them, they already know everything the now and I'm glad he is even though I
professionals are going to charge you to don't see him very often; it's just
tell you.Hopefully by the second or third pleasant to drive by his business and
property you put a contract and deposit know he's back in the
on; you will have the one that is right neighborhood.Please, please, please...
for you. Remember, if the property is a before you move to an new rural area;
bargain price, you have missed something subscribe to the nearest newspaper for
in almost every case. What you need to do the area you are considering and read the
is figure out how it is a bargain for economic and community sections as well
you; because you have an unusual use, as the help wanted ads. If there is a
ability, or way to change the property skimpy "help wanted" section in the local
easily to suit your needs.Buy through a paper... beware. On the other hand, could
Realtor if at all possible. Sign a buyers this "depressing" state of affairs
agent agreement with your agent so that regarding employment news probably means
his allegiance is to you -- otherwise, by that real estate is bargain priced in
law his allegiance is ONLY to the seller that area?OTHER THINGS TO CONSIDER
and by law, you are in an adversarial What about your health and age? Do you
position to the seller and the Realtor. now or do you expect to have frequent
With a buyer's agent agreement signed, need for the type of medical services
your agent is now on your side, by law, mostly found in large cities?
and is an opponent of the seller and the Although they're necessary, think
seller's agent. Ask your agent then to seriously about staying at least 25 miles
provide you with all the comparable sales away from the nearest freeway system.
data from the multi-listing service if These "conduits of crime" that cross the
there is one. If not hire an appraiser, country not only carry law-abiding
once you have the property under citizens but solitary criminals and gangs
contract, (make the contract contingent as well. The gangs and other thugs tend
upon a satisfactory appraisal) and pay to to use the corridor towns in proximity of
have the price evaluated. If you have the freeways as their "banks" and they
contracted for too high a price, excel in "withdrawals on the run." One
renegotiate the contract; if you find you small town the writers lived in was only
have a real bargain; you of course double a few miles from a freeway exit. One
check with your agent and the appraiser night, two men left the freeway, robbed a
to find out why. It may be that the motel and got back on the freeway a short
reason for it's "reasonable" price the time later. They were never caught.
reason that keeps it from selling is not Imagine what these corridors may become
that important to you -- and you do have as our cities and suburbs continue to
a bargain.Possibly your employer or the deteriorate!WHEN YOU FIND AN AREA YOU
consulting work or your self employment LIKE . . .
activities may allow you to telecommute. Once you've decided generally where
But if you can't telecommute to maintain you'd like to relocate, visit it several
your current income; before buying in an times, preferably at different times of
area, find out if you have a marketable the year. Learn which areas are desirable
skill, one which is in demand in that and which have problems. Check for flood
particular region. This will give you plains, areas with access problems, water
some assurance that you will not become a problems (not enough, too much or poor
financial fatality. Most of the folks who quality), noise problems (yes, even rural
move to rural communities, without areas can have noisy spots), or other
checking into how they will make money in problems peculiar to a given area. Some
the new location, have to sell their rural "neighborhoods" have earned a bad
property at a loss within 5 years, due to reputation. Find out why before buying
lack of income.If you are retired, be there. If the price seems too good to be
certain that hospitals, doctors, stores, true, maybe somebody's trying to unload a
restaurants, etc. are suitable for you in problem.If you're looking for undeveloped
the new location -- or be very certain land on which to build your retreat, find
that you will be able to comfortably out about the water tables: depth,
reside in the new area regardless.Some of quality, and reliability. Find out what
us are not be able to save enough money it costs to drill a well to the necessary
for a cash purchase of our rural dream depth for that area. Water should be one
property before we reach retirement age. of the most important considerations in
It is however likely that we can provide any land purchase. In Sussex County we
a small sum for a down payment, and we're are fortunate that we have generally good
reasonably certain that we can market our water (no matter what the press and
skills locally to meet payments and put Pseudo-envoronmentalists say) and wells
bread on the table (but please don't just are relatively cheap to drill.Find out
guess about this, check it out).Even if the proximity of utilities and costs to
you find small acreage (10 to 50 acres) bring them in and hook them up, if
for $5,000 or less per acre that has good they're not already in place. In some
soil, good water available and a good areas, costs to hook up to the power
prospect for an inexpensive, workable lines grid are prohibitive. Some of those
septic system -- many banks and mortgage same areas may not be conducive to an
companies are not optimistic about inexpensive well or septic either. BUT
financing raw land. BUT, seller financing that can be an advantage if you are able
is often a alternative and easily to think outside of the norm. For
structured method of purchasing raw land. instance our Fowler's Beach property is
In fact it is not unusual to get twenty, not conducive to running electric wires,
thirty or even forty year financing at getting good water from a shallow well or
10% or less interest -- from the seller. building and inexpensive sewer system. As
Of course, in order to build on the a result you can get waterfront acreage
property, you will normally have to pay for little money on a private beach and
off the seller's mortgage with your home the cost of electric, water and sewer
financing loan. Any of the money you have when added to the cost of the property is
paid on the price of the land, down minuscule!Once you've narrowed your
payment as well as principle payments search to a few areas within your target
during your ownership period, and any community, look at several properties!
appreciation of the land value will be Realtors such as ourselves, can be a big
considered as part of your down payment help, not only by showing you individual
on your home owners loan.Be careful to properties, but by telling you about the
set your payments so that you can afford area in general. It's not necessary to
the land payments along with your current restrict yourself to one Realtor. But as
cost of housing. You can save thousands soon as possible you should choose ONE to
of dollars in interest by keeping your work with, get their allegiance and
loan to as short a term as possible. preferably sign a buyer's agent agreement
Also, make sure that there is no with them so that they are looking out
prepayment penalty on your seller for your best interests!!! If your
financing note.You can however often Realtor is too pushy for you or isn't
purchase an existing home on acreage for showing you the type of properties that
a lot less than the cost of acreage and interest you, find another one; make sure
building a similar home. You can also you void the buyer's agent agreement if
often rent out the property to cover part you have one (in writing) and get a
of your expense while you arrange your Realtor who will listen to what you want
affairs for your eventual relocation to and provide you such.And don't forget to
rural bliss. If you are interested in watch the newspapers and check out
purchasing a 100 acre horse farm complete properties in your price range and area
with buildings, fencing, paddocks, etc. of interest being offered for sale by
you can often save nearly 50% of the owner. Sometimes the best deals can be
reconstruction cost; but there is little had by working with owners; and if you
market for renting such a property.If you have a buyer's agent, the agent can make
find "more than five acres" with a home certain that you are well informed and
and buildings that need work but are protected even after you view the
structurally sound, you may save 30% to property with the seller.You will also
even 60% of the reconstruction cost. Be need an attorney in Delaware to assist
certain in this area, Sussex County you with the closing on the property. It
Delaware, that you get more than five is important to know that all attorney's
acres as five acres or less falls into a CAN do real estate settlements but only a
nonagricultural zoning classification handful are worth using. Attorneys
that you may not wish to be involved with specialize and only three to five of them
as you develop your rural lifestyle.Most specialize in real estate -- for the rest
people ask me for 20 to 30 acres, or of them, real estate settlements are
more. But let's take a look at reality awkward and no matter what they say...
here. A football field is three quarters they usually make errors and those errors
of one acre. Thus 5.1 acres or more is a can be horrid.When you do find a property
very roomy place to live acreage wise. If you like, don't let it blind you to its
you want horses however think 15 acres or drawbacks. Whether or not you're working
more. Each horse will need an average of with a Realtor, do your homework.
5 to 9 acres depending on how you decide Remember, unless your Realtor is a
to raise the horse; that acreage is in buyer's agent, he or she is working for
addition to the land that your home, the seller. Most Realtors will be up
driveway, out buildings, garden and other front with you about all your questions,
non-fenced areas take in. Many people are but they are also bound by contract to
thinking of one, two, three or four get the best possible price for their
horses for the family enjoyment; if so client, the seller. And, by law -- when
they need about 3 or more acres for the they are working for the seller there are
home and other human related improvements numerous things they may NOT divulge to
and should figure an additional average you even when they know about them.First,
of seven acres for each horse or pony.If ask the seller or Realtor all the
you have a dream of self-sufficiency; questions you can about the property. For
living off the power grid, being away an older dwelling, this might include
from it all... this is virtually questions about the age of the wiring and
impossible in reality yet most prevalent plumbing, type of foundation, and in some
when you are in the dream stage. Coming parts of the country, when it was last
to terms with what you can realistically checked for insect problems. This is
afford and what you can realistically particularly important near the beaches
live with before you buy can save you a and regarding wooded properties -- where
lot of headaches later.Solar power is far termites are prevalent.Then talk to the
more expensive than buying electricity neighbors. In the rural sense, the
from the power company, wind power is "neighbors" are folks living within a
unreliable, water power is expensive and five-or-so-mile radius of the property;
hard to arrange; now I expect to get a sometimes even more, if the property is
lot of argument on this from those who down a long road without intersections.
have read all about it but have no real Ask them about the area, its people, any
experience -- but I won't get any valid problems with the area, and particularly
argument from anyone who has done it if they know of any drawbacks with the
(unless they are simultaneously trying to property you are considering purchasing.
sell the idea to others).There are many If they seem reluctant to talk to you,
good articles in Backwoods Home Magazine; this might be a red flag you shouldn't
but most of them leave out the initial ignore: maybe they'd like to buy the
expense, maintenance expense and almost property but can't afford it, or maybe
always the expense of replacing worn they don't like outsiders buying property
components of these so called money in their area. If you run up against this
saving off-the-grid systems. You can in several conversations, you might have
however design a passive solar home, one