In the quest of finding that piece of rural property that is perfect for you, it is important to take your time. Rushing to purchase can result in buyer’s remorse—especially if it turns out that property doesn’t have what you’re looking for.
To find the best rural property in Missouri for you and your needs, there are several tips to keep in mind and questions to ask yourself during your search.
First, Prioritize Your Needs
Prioritizing your needs and knowing what you want in a rural property will go a long way in helping you in your journey. What purpose is this property going to serve? Will this be your family home? Are you planning on using it for recreation or farmland? All of the above?
Knowing the answer to these questions will help you narrow your search and prioritize your needs.
Most properties in a rural area offer opportunities for perfect home site locations. If you want your home to be secluded, buy a property with timber and clear out an opening for building.
Alternatively, you could purchase property with little to no timber and your house will be the focal point, if that is your desire. Maybe you prefer the idea of your home sitting on top of a hill, overlooking the gorgeous terrain. Either way, make sure to take time to look at all your options.
If you are planning on using the land as farmland, many uses for the land open up. For example, when buying larger tracts, you gain the opportunity to turn it into income-producing property. Not only could you use this land recreationally and lease out hunting rights to hunters, you could also use the tillable ground for profit.
Local farmers could lease the ground or it would be a great setup for livestock. You could also contact the local Conservation Reserve Program (CRP) to improve the environmental health and quality. There are many options; you just need to find the one that fits your family’s needs.
If you plan on using rural property in Missouri for profit, be sure to understand the return on investment (ROI) each use like farming, hunting leases, and conservation programs could get you.
Then, Think About The Ideal Location
As with all real estate, location is critical. You want to be close enough to essential services like the grocery and your place of work, but far away enough to give you that sought-after privacy of rural land.
Deciding what is most important to you in terms of location will be crucial to picking out that perfect piece of rural property in Missouri. Here are some questions to consider:
- Do you want to be close to popular attractions? Are there any near this property?
- Do you want to be in the country but still have the convenience of getting to the store and back in a reasonable amount of time?
- Does this property offer quick access to a highway?
- Are there restrictions that could hinder what you want out of this property?
- Will you be able to attract prospective buyers if or when you choose to sell this property?
- Do you want to be close to the lake you visit every weekend?
- Is this property close to family and friends?
- If you have or are planning on having children, is this property located in a good school system?
Take the time to check out the property at different times of day. This will give you an accurate representation of the land and help you decide if it is the right place for you.
Finally, Make A List Of Possible Improvements
There are always improvements to be made when owning a property. Before buying, discuss what you would want out of it and your budget with your real estate agent. For farming purposes, you will want to make sure the land is tillable. Or with a little work, you could turn a pasture into a crop-yielding field. Maybe you want to build a lake on this property.
Building a home on a piece of property can be a huge improvement, especially if you plan on selling down the line. There may be structures already on the property that could require some upgrades, like a new roof on the barn. These improvements have the potential to boost the value of the property.
As with all properties, be sure that you can afford to make the improvements you want.
Consult With Local Agents At Trophy Properties & Auction
When purchasing real estate, it is essential to use all of the resources that are available to you. Finding a local agent that specializes in land to help you find the perfect property will go a long way in. This agent will be able to lead you in the right direction and help you manage your expectations.
The professional agents at Trophy Properties and Auction are here to help guide you to the best rural property for you, as well as provide insight and advice.