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IN THE NEWS |
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Country Property Values And Pricing
Increasing demand for rural property along with a diminishing supply is driving prices of rural properties up. The increase in rural employment is attracting more people than ever to sell out and move to these locations.
Many individuals in their 20-40’s are choosing to retire in the country and are purchasing now when the prices are low and supply is high, hoping to have the real estate paid for by retirement. They plan on living in their current urban home and making payments on their country investment until which time they can make the changeover. Many experts believe the long time trend of city home prices being more expensive than that of country home prices will reverse itself in the future. |
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Pastures
Many folks skip over the Pasture category because they don't have livestock or horses. Big mistake - this is a gem of land-use, often with great bargains and the kind of land that everyone dreams of, but no one goes out and tries to find because they don't think it exists. Think again; pasture land is often under-utilized and can be transformed into many things, including cropland, hunting land or even a residential site.
Some pasture land is connected to working row-crop farms, some will be found double-pointed in "ranch" category, and more will also be found in "livestock" category. However, there are many pieces of land listed that offer pasture open to a variety of uses, and that come with a variety of histories. Many need not be used as they are being used now. This is where the jewels are...
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Environmental Quality Incentives
Program (EQIP) helps Horse
Farmers
Another Conservation Success Story...
Dawson County, Georgia
In 2000 John and Moira McCracken started clearing their 50 acres
of land so they could move their horse farm from one side of Dawson
County to the other. It took them three years before they could move
the horses onto the land an year before they could move into
their new home. MORE |
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Rural Land Could Be The Next Hot Market
Home owners in rural areas would do themselves well to watch this trend
A survey sample of 2,000 baby boomers conducted for NAR showed that ten percent of boomers indicated they plan to buy some form of real estate within the next year, two-thirds are considering a primary residence, but the rest are thinking about land, second homes or commercial property.
If this survey has any validity, your rural property could be a hot seller in the next 20 years. As Baby Boomers retire they, like many older persons, could move to the country for some peace and quiet. That could drive property values in rural areas higher. |
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