Anyone on the hunt for farm land for sale in United States has a lot of work cut out for them. Finding land for sale these days isn’t difficult, but finding land within your budget, in your ideal location, and that caters to your specific needs is another story altogether.
It is a normal occurence to jump into a sale without thinking it all the way through, just because you’re in a rush or haven’t considered all the facts. These sales sometimes turn out just fine, but sometimes they lead to a lifetime of regret. This regret could be easily avoided if you ask these questions before making the investment into a piece of farm land.
Where are the farms for sale near you?
The first step is deciding on your ideal location. Finding something near you could be difficult if you are currently living in a metropolitan area with no rural areas closeby. If this is the case, you’ll have to expand your search for farms and think out of the box. Anyone willing to purchase something far from their current residence should try to find areas that are known for the most affordable plots of land, like Iowa, Arkansas, Minnesota, or Kansas.
What acreage do you prefer?
The next step is determining your preferred farm size. The best way to determine this is to think about what the land will be used for. Is this solely a residential farm where you plan to raise the kids outside the madness that comes along with city life? Or do you have a specific purpose for this investment, like growing crops or raising livestock?
What is the condition of any standing structures on the land?
If the land you are considering has any existing structures like barns, stables, or a residence, look into the condition of these structures. You need to have a thorough inspection completed on each structure that remains on the land. This will prevent you from moving into the home on the farm, just to realize that it needs an absurd amount of work in order to be liveable.
When was the last survey of the property completed?
Before any land purchase, you’ll need to have a survey completed. Just as a house needs to be inspected before a sale can become final, a plot of land needs to be surveyed. A leading civil engineering firm called Godfrey-Hoffman and Hodge says that:
“Land surveys are crucial to the process of responsible land development. They are commonly used to determine the boundaries and features of properties, to determine easements and encroachments, to develop or build on land, and to satisfy local building codes and regulations.”
What is the history of ownership of the land?
It is important to look into the land’s history and research what it has been used for in the past – as well as the success of the endeavors that have taken place on this farm. This will give you better insight into whether or not your specific purposes for the land will be successful or not.