When purchasing property to build a homestead, the single most important factor to take into consideration is the land itself. Yes, the house is important also, but in order to live a truly self-sufficient life, the land is more important.
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This video by Better Life Together goes over some major mistakes that should be avoided when purchasing raw land for a homestead. Here’s his list:
1. Buying Land That Is Too Close To (Or Too Far From) Amenities
You don’t want to buy property that is too close to everything (stores, restaurants, etc.), but you don’t want property that’s too far from everything, either. Especially if you have kids. Don’t be too close, and don’t be too far.
2. Buying One Of The First Properties You Look At
This is real estate, and you need to be careful that you take a look at many different properties and then make an informed decision.
3. Buying Property Without Trees
Trees provide excellent value. They give badly needed shade from the sun and could potentially even hide your property from people driving by.
4. Not Researching Your Property First
Do not buy property that is a bad investment. You really need to do research the property online and look for something that has potential. In other words, look for property that will increase in value over the long term. Looking for property that is undervalued is ideal.
5. Buying Property With A North-Facing Slope
If you have a slope that is facing north, the sun in the winter is going to face away, and not giving you the sun that you need. If you are going to have a slope, the best kind of slope to have will be facing south or east. This will give you nice, gentle sun in the morning.
6. Buying Property With Excessive Government Regulations
Buy property that does not come with excessive government regulations. There are properties that are unrestricted and unincorporated. A good rule of thumb is to buy land that is outside of city regulations but still inside of county regulations.
For a much more detailed discussion, check out the full video below: