There are a lot of advantages to getting out of the city and buying a country property in need of some renovations. It can be a great option for your lifetime home, a holiday getaway or a rental that can generate some income through short-term leasing.
But consider the following before going too far in your project.
Make Sure the Numbers Add Up
If you’re planning on turning the property into a rental, or if you have other ambitions, such as starting a farm, make sure you can generate some income right away. Renting it out as a vacation property is a good choice.
Also, carefully consider how much professional help you want to get. You don’t necessarily need to hire someone to do all the work, if you the right attitude and approach. But just make sure you’re in a good position with your budget before passing up DIY options.
Adapt to the Environment
One of the advantages of a country home is that you do not need to worry about neighbours, making it much easier to take advantage of views. Most people think of water when they think of views, but this isn’t the only way to get a view; country views can be stunning and can really enhance your property.
However, consider other things as well. For example, if you build a porch to take advantage of a view, what does that do to your natural light? Consider taking some time to live in the property before beginning the work so that you can be sure you’re taking full advantage of the environment.
Keep Things Local
It’s tempting to want to bring people from the city to help you renovate, but they are often more expensive (you need to pay for transport), and it might not be the best option. Local tradespeople may be able to offer you things based on their experience you won’t get from people who come from the city.
However, there are typically less options available, meaning those who do good work will likely be booked. It’s important to plan carefully so that you aren’t left waiting ages, or so that you don’t end up going with anything less than the best.
Be Aware of Different Rules
Typically, you can be more flexible when working on country homes, but there are going to be different rules you need to keep in mind. For example, electricity and road access may be different, and you may not be able to just up and build these amenities without permission.
Deal with Councils and Zoning
There’s the belief that country building is done without much oversight. And while this may happen, it can be a real problem when it comes time to get insurance or resell the property. Make sure you do your due diligence and get all necessary permits before beginning construction.
The worst thing that can happen is that you start a project only to have a nosy council person come and tell you to stop because things aren’t up to code. Do your homework first to avoid any and all issues.
The information and links provided on this website are for general information only and should not be taken as constituting professional advice. This information does not take into account the financial situation or particular needs of individual readers. Before making any decisions about matters discussed on this website, you should consider whether it is suitable for you in light of your own circumstances, and seek appropriate advice.