Buying an acreage can be an exciting prospect for those seeking a more rural lifestyle. However, it is important to carefully consider several factors before making a decision. Here are six key questions to consider when buying an acreage that will help ensure you enjoy the home you choose:
1. Location
The location of an acreage is a crucial factor to consider before buying. Choose a location that is convenient for you in the areas of work, school, and other essential services. Consider the typical climate of the area, as well as any potential environmental hazards.
Each county offers different services by virtue of its location. If you or your family are in school, Leduc County is likely a good option for you because of its close proximity to both primary and secondary schools. Or you are looking for a place with strong ties and deep community relationships. In this case, Sturgeon County would be worth looking into because of its trademark relationship-driven tendencies. Parkland County is best known for its recreational opportunities, both community and outdoor, and would be well suited to those who value having these resources readily available.
2. Property Features
When looking at an acreage, it is crucial to consider the property’s physical features. Some physical characteristics to examine include:
- Is it level or hilly?
- Are there creeks, ponds, or bodies of water?
- Is the property easy to access?
- Are there any restrictions on the use of the land?
Although all in the Albertan prairies, each acreage and county will likely have variety within the land and property offered.
3. Zoning and Permits
It is important to understand a property’s zoning and permit requirements before making a purchase. Some areas may have restrictions on the types of structures that can be built or requirements for things such as septic systems and other utilities. If you want to have animals on your property, this is also worth looking into, as some places will have restrictions surrounding this.
To start off your research, look into the zoning and permits for Leduc County, Sturgeon County, and Parkland County.
4. Utilities and Infrastructure
It is also worth considering the availability of utilities and infrastructure around the acreage you are purchasing. You will want to ensure that the property has access to electricity, water, sewer, and other essential services and adequate road access to the property.
5. Maintenance and Upkeep
Maintaining an acreage can be a time-consuming and high-effort job. Before investing money in the property, consider whether you have the time and resources to maintain the property, including upkeep of water and sewer systems, mowing, landscaping, and repairs to any structures or equipment.
6. Financial Considerations
Finally, it is essential to carefully consider the financial aspects of owning an acreage. This includes the initial purchase price and ongoing expenses such as property taxes, insurance and maintenance costs. If you intend to do any improvements or upgrades to the property, these are also worth factoring in.
Buying an acreage can be a complex process that requires specialized knowledge and expertise. A REALTOR® can help ensure your acreage buying experience is as smooth, stress-free, and successful as possible. For help with all of these, Hire a Realtor!
Buying an acreage can offer a rewarding lifestyle. Still, it is essential to carefully consider the various factors involved before deciding. By taking the time to research the location, property features, zoning and permit requirements, available utilities, maintenance effort, and financial requirements, you can make an informed decision about purchasing an acreage that will ensure you can enjoy all of the benefits of rural living.
At LorenzTeam Realty Group, we strive to provide exceptional service personalized to your needs to help you buy or sell property. Check out our website or blog to meet our real estate experts, learn more about what we do, or contact us!
