Are you thinking about making a move out of the city and into the country? It can be expensive though, so make sure you follow these money-smart tips!
Get as Much Land as Possible
One of the best things about living in the country is the amount of land you can get for your money. And don’t think that land is worthless because it could prove to be incredibly valuable in the long-term. Because unbuilt on land is quite cheap, it’s a good idea to get as much as you can.
Then, in the future, you’ll be able to do things with that land that could make you some extra cash. You could expand your home on the land, or even build an entirely new property to rent out or sell. That could help you pay off your mortgage. You could also grow your own food on the land or add a barn. The possibilities are limitless!
Use a Local Estate Agent
There are all kinds of benefits of using an estate agent, and they’re even greater if you’re buying in a location you’ve never lived in before. They’ll be able to act as a support throughout the buying process and give you the kind of advice that only someone with local knowledge could give.
An estate agent such as Paffrath Thomas Real Estate could save you a lot of money by helping you avoid making mistakes. It’ll also make the process a lot smoother and swifter because they already have a strong knowledge of the market and a set of contacts that will come in useful.
Know the Area Before You Buy
Research is key when you’re buying a property, no matter where it’s located. This is even more true if you’re making a big move from the city to the country. It would be foolish to buy a property in an area that is alien to you without first knowing about the area and its property market.
It’s not just about getting to know the markets either; you need to know what the area has to offer. It might not be the right place for you and your family. And when I talk about research, I don’t mean reading web pages. There’s no better way to get to know an area than actually spending time there.
Don’t be Afraid of a Renovation Project
The cheapest properties you’ll find in the country are those that have problems with them. You shouldn’t rule out the possibility of buying these houses though. They can prove to be great value for money if you’re willing to put the time and effort into restoring them to their former glory.
These kinds of projects aren’t for everyone, but if you plan it correctly and set strict budgets, it might be the smartest move you ever make. If this kind of project interests you, I’d recommend visiting local property auctions. Or you could just scout the area looking for abandoned properties and get in contact with the leaseholder.
Buying in a new location can be stressful and costly, so follow these tips to stay on budget and make the process easier.