Flipping Fixer Upper Homes

3 Guidelines To Follow When Buying Land For A Mini-Farm

Maybe you love having constant access to fresh produce from your own backyard, or perhaps you've envisioned living on an expansive property teeming with an assortment of farm animals. If so, a mini-farm may be right for you. A mini-farm is a small farm typically used by the owner as a hobby, to become more self-sufficient, or to generate a small source of additional income. When purchasing land for your mini-farm, here are a few guidelines to follow to ensure you get a parcel that suits your needs.

1. Decide What Kind of Farm You Want to Have

To make sure you buy land that's right for your farming needs, you first need to decide what kind of farming you want to do. Do you want to focus mainly on raising animals, and if so, do you prefer a variety of animals or single species (like chickens)? Or, maybe you want to have gardens filled with fruits and vegetables. You may want fields for growing and space for animals.

Identifying your needs at the beginning of the buying process will help you locate and evaluate prospective properties. You can also check that local regulations won't interfere with your plans for the farm.

For example, assume that you decide you want to focus on raising animals. You will likely prefer land parcels with no usage restrictions that already some type of animal-proof fencing and a barn or two. This will decrease the amount of money you have to spend prepping the property, and it enables you to begin your farming operations as quickly as possible. 

2. Figure Out How Far You're Willing to Drive into Town

Most pieces of farmland are outside of major towns and cities. One thing to consider is exactly how far from town you're willing to be.

You'll likely need to commute daily to your job, and you might also have children who have to attend school; this is in addition to your weekly errands and regular medical appointments. Once you know how much time you're willing to spend commuting each day, you can narrow your land options down to properties in your specified range. 

3. See If You Need a Farm Loan to Purchase Potential Properties

You should consult with your mortgage lender to determine if you can purchase your future mini-farm using a conventional mortgage or if you need to look into financing specifically for farms. The type of loan that you need to use will likely be dictated by your exact plans for the land, the size of the parcel, and whether you'll need additional funds to assist with establishing your mini-farm.

For more information, reach out to companies like Buy Sell Your Ohio Home Group.

About Me

Flipping Fixer Upper Homes

There is a lot of interest in flipping fixer upper homes, thanks in part to the various reality shows involving the subject that you can watch on TV. However, what you see on TV isn't always the reality of this type of work. My name is Mark Chavez and I have worked flipping fixer upper homes for over a decade now. While I love the work, there isn't always as much profit as they show on television and not every flip is successful. I decided to create this website to talk about the pros, cons and truths surrounding this industry. If you have been thinking about buying a home to flip, I hope my website educates you so you have a real idea as to what you can expect.