Did you know that the average price of newly listed homes increased by 32.6%? If you’re looking to save some money, you might consider looking at houses out in the country.
You might wonder what to look for and how to know if it’s a deal. While all of this might seem overwhelming, there’s hope. Read on to explore this guide on tips for buying your dream home in the country today!
1. Hire an Agent With Country Experience
Make sure to work with agents such as Househuntersofgreenbay.com, who have rural home experience. Find out about their past experience and see how much they’ve done with rural homes for sale.
When you buy a home in the country, it’s important to know that you might need to sign a document understanding that there might be noise. Since there are farmers around, you might have to deal with smoke, dust, noise, odors, etc. An agent with country home experience will guide you in this process.
2. Know What’s Included
When you see rural development homes, it’s important to understand what’s included and what’s not. While you might fall in love with a gazebo in the yard, it might not be included in the sale of the home.
Read through the contract to see what’s included so that there are no surprises. If there’s something that you noticed on the yard, but there’s no mention of it in the paperwork, be sure to ask about it.
This can include:
- Hunting leases
- Existing farms
- Livestock pens
- Farming equipment
3. Newly Built Homes Are Limited
When you’re looking at rural homes, it’s important to understand that there might be little to no new homes in the area. This means that you’ll have fewer options when it comes to finding your dream home. Your best option is to buy a home and then create the renovations that you dream about.
4. Discuss Finance Options
Speak with your lender about the type of mortgage that’s best suited for you. When you go rural, you’ll have more financing options.
The USDA has loans for those who are buying in rural areas. Discuss your options prior to buying a home.
Keep in mind that there are eligibility requirements in order to qualify for the USDA loans. A lender can go through these with you to help you decide if you qualify.
5. Explore Utilities
The utilities that are available for a country home might be different than a suburban home. You might not be hooked up to commercial sewers. Instead, you might have a septic system.
Tips on Buying Houses Out in the Country
After exploring this guide, you should have a better idea of what to expect when you’re exploring houses out in the country. Speak with your lender and agent to see what your options are for your budget and homes available.
Would you like to read more real estate content? Be sure to check out our other articles today!