Nobody knows more about financing country homes.
Here's what you should know.
The rural landscape involves many unique features that can significantly influence the value of the property and the quality of life you enjoy there.
Here's a quick checklist of features and assets to help your purchase decision. For more information, call 1-800-884-3276. Ask for our free "What every country home buyer should know" booklet.
Water sources
Check your water sources for quality, quantity and availability through all seasons of the year.
Drainage
Consider water drainage and run-off problems for you and your neighbor — you may need easements or permission to access land owned by someone else.
Soil Quality
Not all soil is suitable for construction or compatible with septic systems. Call your local County Extension Agent or local Conservation District Office for a thorough soil test.
Zoning Laws
Make sure zoning regulations permit the activities you want to conduct on your land and prohibit those you would like to avoid.
Access
Find out if the property is accessible year-round. Is access via public or private property? If it is privately owned, make sure there is a permanent easement and determine if there is a "use and maintenance" agreement in effect with neighboring property owners. Is the easement exclusive to the property or used by others?
Easements
Know what easements, if any, cross your property, what they are for and where they are located.
Survey
Have a professional survey done by a licensed surveyor or a registered civil engineer. This will give you a detailed description of the property and property lines.
Outbuildings
Thoroughly inspect any outbuildings on the property. Be sure to check the roof, siding and foundation materials for wear and soundness.
Electricity, Natural Gas, Propane
If the property doesn't already have utilities, be sure to learn the costs and responsibilities of running power to your home. |