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The decision to move to the country ultimately comes down to what you value as important to you and your family. If you yearn for peace and quiet, safety, community and good health, then investing in a rural property may be the right move for you.
To determine whether a country property is right for you and your future, take into account these basic considerations:
Location
If you live in the country but work full-time in the city, keep in mind your travel time and expenses could be significantly higher.
If you have safety, health, education or family concerns, you may be limited to buying property closer to an urban municipality. This may ultimately cost you more, as the closer your property is to a city, the more expensive it is.
Ask yourself:
- what area of the country/province do you wish to invest?
- what are your personal and financial limitations?
- what is the weather and topography like for growing produce or accessing a viable market?
- if the land has been unmanaged or needs to be altered to satisfy your needs, how much will it cost?
Convenience
- is the property easily accessible in all kinds of weather?
- how much travel time is required to an urban centre?
- what are emergency response times for local services?
Management
- what is the tax base of the municipality?
- is a building inspection or land survey needed?
- is the property zoned agricultural?
- are mines and minerals included in the property?
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