3 Things to Consider When Buying Acreage

Investing in acreageFor many people, rural living is really appealing; space to roam around, less noise and more privacy are just some of the things that draw people to the countryside. However, buying acreage is very different from buying a house. There are several things acreage buyers need to know before venturing into this side of real estate. Partnering with an experienced realtor is always the best way to ensure a rewarding experience, but below are some of the factors you will need to consider when buying land.

Zoning Ordinances and Protective Covenants

It’s quite possible that a piece of land is subject to the rules of a covenant and/or certain zoning ordinances. A protective covenant will govern the land you’re looking to purchase. This means that a governing body will determine what types of structures and animals are permissible on the land, and where they must be located. A covenant will also provide guidelines on how buildings and other structures, animal housing, fences and driveways should be maintained.

On the other hand, zoning ordinances are used to determine how the land can be used, what natural structures, such as ponds, can be added there, where your driveway can be located, and also what animals can be kept on the property. You can learn about ordinances for certain acreage by contacting Natural Resources Canada.

Utilities and Other Services

If you’re building a home on your acreage, you may want to consider your utilities and other services, such as Internet, water, hydro, road maintenance, garbage collection, and snow removal. It’s possible that utility lines will be miles away from your land, so utility companies may charge extra to bring services to your home.

For water, the depth of wells, their physical condition, and the quality of the water they provide should be evaluated. Septic systems should also be checked before the purchase is even made. A Saskatoon real estate agent with experience selling acreage should be able to guide you with regards to setting up these services and having the well checked.

Insurance

Insurance is always important, especially when purchasing acreage. You’ll need extra protection for possible flooding, storm damage, and fire damage. The insurance policy should also extend to all of your structures, and maybe even your animals. Your real estate agent may also be able to tell you which insurance agents provide rural property insurance that covers your home, ponds, out-buildings, animals, and any other structures on your property.

If you want to buy a great piece of rural Saskatoon real estate, let me put my years of experience and real estate market know-how to work for you. Give me a call and let’s get started!

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