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Buying Country Acreage and Rural Properties, To Buy or Not To Buy

Almost anyone can become a rural propertywealthy, that is a different matter. There
owner; if you are willing to set goals,are some lovely farms on the cliffs
establish what your purposes are, plan aheadoverlooking the Pacific near Carmel
and set targets that are all aligned towardCalifornia; where the movie stars reside and
the same result. And, if you can be patientif you can find a hundred acre farm you may
instead of requiring instantbe able to get it for a hundred million
gratification.There is no more $50-an-acredollars or so, plus the value of
land; unless you count some of theimprovements. That is about what you can
inaccessible and unusable properties that areexpect to pay for acreage near Rehoboth also;
sometimes available in blocks of 10,000 acresand it's a little easier to find. The farther
or more; and even these properties are rare.you go away from the "ideal" locations the
But you can get rural properties morefewer people are looking to purchase it and
reasonably now than in the past IF you arethe lower the price is. An interesting
willing to be creative in your expectationsanecdote here; I had a couple come to me a
and in the ways you use and modify thefew years ago looking to purchase a hundred
property.If you are in a big hurry to findacres or so on the oceanfront near Rehoboth,
rural property, you will likely not be ablefor horses; they could easily afford the
to find what you are looking for. Ruralprice of a million an acre or so, but they
properties have fewer buyers who want toended up purchasing land twenty minutes
purchase them, but there are plenty ofinland after they did more reasonable
dreamers who have not considered theresearch.Before you go out looking for
realities. There are seldom bargainsproperty, sit down with paper and pencil and
available because most folks who own ruralany partners or family that will be involved.
properties know exactly who to call firstYou may find numerous surprises when you all
when they want to sell. If the propertystart writing down importances, desires, and
really is a bargain it is gone with one ofthings not wanted. It is most important that
the first ten phone calls the seller makes.you know what you must have, and what you can
However, if you are willing to "think outsidedo without. Make a list of the features you
the box" of convention you may end up withfeel an area MUST have in order for you to
what is a bargain property for you.Twenty andconsider relocating there. This might include
thirty years ago thousands of folks boughtthings like climate (and, thus, growing
into the "live on a farm and make a fortune"season), being within a certain radius of a
dream of owning a chicken house, home andpopulation center (or maybe a certain
acreage in Sussex County Delaware -- thedistance AWAY from one), and availability of
chicken capital of the world -- where therecertain facilities or services. Being within
are several million chickens for every person20 miles of an airport or hospital may not
who lives here. For a short while it wasmatter to one family, but could be of vital
possible to take the "contract" from aimportance to another.The most important item
chicken plant to the bank and with only thaton this list is consideration of the social
as collateral, get a loan for about 10 acres,and economic climate of the area, and how you
a home and at least one chicken house. Manywill fit into it. Even if you're
folks soon discovered that the so calledindependently wealthy, the economic
contract had fine print and clauses that werecircumstances of an area can affect how you
all in favor of the chicken plant and none inwill fit into it. Will a well-heeled but
favor of the chicken grower. Soon mostbored-with-society person be able to move
chicken growers were working full time tointo an economic Appalachia and truly find
help support the chicken business they hadcontentment? Perhaps, but first consider the
bought, along with it's mortgage of $200,000"necessities" of the life you'll be leaving.
or more, sometimes much more.Now when IDo you need to regularly attend the symphony
appraise a chicken farm with house andor visit a high-quality library? Is high
acreage I appraise the working chicken farmquality clothing shopping or other shopping
at zero -- and that is really too high aimportant to you?MAKING A REASONABLE INCOME
value in some cases. There are lots ofAND LEARNING ABOUT RURAL IMPORTANCES: IS
easier, better smelling and cleaner jobs youPROBABLY THE MOST IMPORTANT PART OF LEARNING
can purchase with $200,000 or so. If you wantTO LIVE IN THE STICKS.Those of us who aren't
to make a living growing chickens you shouldindependently wealthy need to consider some
prepare to spend at least a million dollars,means of supporting ourselves in our new
you can finance it of course, and get severalsurroundings. "Living off the land" is
chicken houses built around your home on 15certainly NOT all it's cracked up to be, and
to 20 acres, if you don't mind the smell, andisn't even legal unless you become a
then the best bet is to lease the business tovegetarian; year around hunting for meat is
someone who is running 20 or thirty chickenillegal everywhere. Even gardening or
houses at least.There are some sensiblecollecting wild edibles is not legal either,
things you can do in contemplation of movingif you try to do it on public land.Before
to and living in the country. First amongmoving to the country... One of the important
those is to start by renting a small home inquestions to ask (and find out for sure the
the area you want to live -- and either moveanswer) is; "Does the area have a large
there or at least visit there often enough toenough population base to give a person a
get to know the area. If you already livegood shot at finding a job? Another is; "Does
close enough to drive to your dream areait have a diversified economy? Many
daily, start doing that and start frequentingcommunities seem to have good employment
the shops, churches and restaurants there.opportunities, but on closer inspection they
Stop at yard sales and to check into cars,all turn out to be based on the same
trucks and equipment that is for sale inindustry, such as recreation, chickens,
people's front yards. Be honest, tell themfishing camps, skiing, ocean swimming and
you are planning to move into the area andwater sports, timber or mining or farming. If
want to learn about your neighbors and onlythe bottom falls out of a single industry, or
stop to shop if you are really interested insuddenly there is no snow or the water
what they have for sale and are willing tobecomes polluted and is posted against use...
purchase it at your price. Rural folk have aas folks from many towns can attest has
built in truth-detector and it is usuallyhappened, the economy of the entire area
accurate. Don't try to BS them or yourfalls apart -- FAST... to fast to get out
reputation will precede any other data aboutwith your investment.If an area's economy is
you.I suggest that you can subscribe to aprimarily based on tourism, such as ours in
good magazine on rural living, or two orthe Rehoboth, Lewes, Dewey, Bethany, Fenwick
three. One of the best to begin with isarea, there may be many jobs available in the
Backwoods Home Magazine; Start by visitingservice sector (motels, restaurants, etc.)
and reading EVERYTHING on line, then get aBut most of these jobs pay very low wages,
subscription, then purchase ALL of the backand often these jobs are seasonal. Land
issues which are bound into soft coverprices tend to be inflated in many resort
books.If you yearn for the simple life of oldareas, and ours more so than most.I was
fashioned living, in a log home for instance,surprised a few years ago to find that the
and away from the downward pull ofmost expensive areas of California were not
civilization, check out: you are able toall that expensive compared to Rehoboth and
take your income with you, to maintain yoursurrounding areas.Minimum wage income is not
current income, and don't need a job wherelikely to enable a person to live comfortably
you are going. Then I recommend you just rentin a resort community, much less enable a
a place first and start spending more andperson to purchase property! An extreme
more time in a good area as you begin to testexample is the city of Aspen, Colorado. This
your transition resources. While renting getbeautiful ski resort community is an
to know the people and see if you fit in withextremely expensive place to live. The local
them. They are not planning to change to meetfast-food restaurants have trouble getting
your parameters, I assure you. MOST of theemployees because there is no reasonably
folks who come from the city to the countrypriced place for them to live. Some of these
start by trying to change the area they havebusinesses actually have to provide housing
moved to and the new neighbors, to be morein order to get employees! It is somewhat
like where they left. They should not havelike that in Rehoboth area. As you may know,
left or they should get on back there -- andGrotto's Pizza, our largest employer in the
most of the neighbors will tell you so.If youarea, at one time provided space for many of
move to an area as a renter and find thetheir employees. Now, a lot of our resort
people to your liking and they find you tohelp lives communally in "three bedrooms,
their liking, you have probably found thesleeps twenty) type apartments and homes.
right area. However, in rural areas ten milesMany more of our seasonally employed folks
can make a huge difference in lifestyle andare imported from Ireland and elsewhere --
area ethnicity. Please don't move to a resortand come to live in dormitory style, often
town, like Rehoboth Beach where I work, andsleeping in shifts.If you are a computer
then without checking try to move into aprofessional, you are very fortunate as the
place like Oak Orchard (the little rural"Information Age" has created a class of
waterfront town where I live) or you willprofessionals who can survive in depressed
experience some near terminal culture shock.rural areas -- the computer entrepreneur.
I love where I live and the people who liveWith reasonably good dial-up ISP service,
here but hopefully not one of them thinksperhaps a cable modem (in Millsboro and some
that I have some intention of changing theareas of southern Sussex County) a cell
way they live here!Once you have zeroed in onphone, computer, printer, modems and fax,
an area and visited it many dozen times orpeople can now roam across the country and
better yet rented a place there and startedthe world by phone and the Internet. Some
living there for short stays; I suggest thatfolks, and this is a fast growing segment of
you start joining various groups andour buyers, can either work at home for a
organizations as a part-time member and letdistant company (perhaps commuting once a
them know that you are not full time yet, butweek or once a month or even in the case of
hope to be. They help. Don't try to instructone of my clients twice a week) or create a
them or help them do what they are alreadynew business as a consultant, doing the same
doing better; just try to help them on theirjob for the same company they are currently
own terms. You need to learn the rules ofemployed by. With a business card and digital
this new game, it's their game and theirtools one can appear to have a large
community. At most you will be a welcomeconventional business, albeit a laptop and
member of the community. You will never beother portable digital tools, and it can be
the equal to those who have four or ten orquite profitable.Computer-based businesses
thirty generations of family buried andare ideally suited for rural living. They are
established there. For instance in our areabecoming increasingly more important as a
those who have only been here for sixty yearsmeans of breaking loose from the grind of
are still not considered "from here" by thosecommuting to work in big cities that are fast
who have been here since the 1500s or soonbecoming too dangerous to live in. If you're
after.Once you have looked at several dozennot yet into computers, you'll have to
properties that interest you, and that mayconsider whether you have a skill that's
take a year or two or more; you will begin tomarketable in the area you're interested
appreciate different micro-cultures in thein.Make sure the place you choose (a) has a
area. You will begin to notice differences inuse for that skill, and (b) isn't saturated
soils, roads, well water, septic systemwith unemployed people who have the same
functionality and road access; not to mentionskill. One of my best friends is a fabulous
the differences in governmental rules andcarpenter, home builder, cabinet maker, and
enforcement of same. Each time you find theskilled in many other fields such as welding,
perfect property; put a contract on itauto mechanics, gunsmithing to some degree
"pending research and discovery" and duringand perhaps a couple of dozen more marketable
that time check the neighbors andskills. He moved to a rural area of Virginia
professionals about the property. You shouldto his dream home on over a hundred acres and
check the neighbors first, lots of them, theyhis income plummeted. He is back here now and
already know everything the professionals areI'm glad he is even though I don't see him
going to charge you to tell you.Hopefully byvery often; it's just pleasant to drive by
the second or third property you put ahis business and know he's back in the
contract and deposit on; you will have theneighborhood.Please, please, please... before
one that is right for you. Remember, if theyou move to an new rural area; subscribe to
property is a bargain price, you have missedthe nearest newspaper for the area you are
something in almost every case. What you needconsidering and read the economic and
to do is figure out how it is a bargain forcommunity sections as well as the help wanted
you; because you have an unusual use,ads. If there is a skimpy "help wanted"
ability, or way to change the property easilysection in the local paper... beware. On the
to suit your needs.Buy through a Realtor ifother hand, could this "depressing" state of
at all possible. Sign a buyers agentaffairs regarding employment news probably
agreement with your agent so that hismeans that real estate is bargain priced in
allegiance is to you -- otherwise, by law histhat  area?OTHER  THINGS  TO  CONSIDER
allegiance is ONLY to the seller and by law,
you are in an adversarial position to theWhat about your health and age? Do you now
seller and the Realtor. With a buyer's agentor do you expect to have frequent need for
agreement signed, your agent is now on yourthe type of medical services mostly found in
side, by law, and is an opponent of thelarge  cities?
seller and the seller's agent. Ask your agent
then to provide you with all the comparableAlthough they're necessary, think seriously
sales data from the multi-listing service ifabout staying at least 25 miles away from the
there is one. If not hire an appraiser, oncenearest freeway system. These "conduits of
you have the property under contract, (makecrime" that cross the country not only carry
the contract contingent upon a satisfactorylaw-abiding citizens but solitary criminals
appraisal) and pay to have the priceand gangs as well. The gangs and other thugs
evaluated. If you have contracted for tootend to use the corridor towns in proximity
high a price, renegotiate the contract; ifof the freeways as their "banks" and they
you find you have a real bargain; you ofexcel in "withdrawals on the run." One small
course double check with your agent and thetown the writers lived in was only a few
appraiser to find out why. It may be that themiles from a freeway exit. One night, two men
reason for it's "reasonable" price the reasonleft the freeway, robbed a motel and got back
that keeps it from selling is not thaton the freeway a short time later. They were
important to you -- and you do have anever caught. Imagine what these corridors
bargain.Possibly your employer or themay become as our cities and suburbs continue
consulting work or your self employmentto deteriorate!WHEN YOU FIND AN AREA YOU LIKE
activities may allow you to telecommute. But.  .  .
if you can't telecommute to maintain your
current income; before buying in an area,Once you've decided generally where you'd
find out if you have a marketable skill, onelike to relocate, visit it several times,
which is in demand in that particular region.preferably at different times of the year.
This will give you some assurance that youLearn which areas are desirable and which
will not become a financial fatality. Most ofhave problems. Check for flood plains, areas
the folks who move to rural communities,with access problems, water problems (not
without checking into how they will makeenough, too much or poor quality), noise
money in the new location, have to sell theirproblems (yes, even rural areas can have
property at a loss within 5 years, due tonoisy spots), or other problems peculiar to a
lack of income.If you are retired, be certaingiven area. Some rural "neighborhoods" have
that hospitals, doctors, stores, restaurants,earned a bad reputation. Find out why before
etc. are suitable for you in the new locationbuying there. If the price seems too good to
-- or be very certain that you will be ablebe true, maybe somebody's trying to unload a
to comfortably reside in the new areaproblem.If you're looking for undeveloped
regardless.Some of us are not be able to saveland on which to build your retreat, find out
enough money for a cash purchase of our ruralabout the water tables: depth, quality, and
dream property before we reach retirementreliability. Find out what it costs to drill
age. It is however likely that we can providea well to the necessary depth for that area.
a small sum for a down payment, and we'reWater should be one of the most important
reasonably certain that we can market ourconsiderations in any land purchase. In
skills locally to meet payments and put breadSussex County we are fortunate that we have
on the table (but please don't just guessgenerally good water (no matter what the
about this, check it out).Even if you findpress and Pseudo-envoronmentalists say) and
small acreage (10 to 50 acres) for $5,000 orwells are relatively cheap to drill.Find out
less per acre that has good soil, good waterthe proximity of utilities and costs to bring
available and a good prospect for anthem in and hook them up, if they're not
inexpensive, workable septic system -- manyalready in place. In some areas, costs to
banks and mortgage companies are nothook up to the power lines grid are
optimistic about financing raw land. BUT,prohibitive. Some of those same areas may not
seller financing is often a alternative andbe conducive to an inexpensive well or septic
easily structured method of purchasing raweither. BUT that can be an advantage if you
land. In fact it is not unusual to getare able to think outside of the norm. For
twenty, thirty or even forty year financinginstance our Fowler's Beach property is not
at 10% or less interest -- from the seller.conducive to running electric wires, getting
Of course, in order to build on the property,good water from a shallow well or building
you will normally have to pay off theand inexpensive sewer system. As a result you
seller's mortgage with your home financingcan get waterfront acreage for little money
loan. Any of the money you have paid on theon a private beach and the cost of electric,
price of the land, down payment as well aswater and sewer when added to the cost of the
principle payments during your ownershipproperty is minuscule!Once you've narrowed
period, and any appreciation of the landyour search to a few areas within your target
value will be considered as part of your downcommunity, look at several properties!
payment on your home owners loan.Be carefulRealtors such as ourselves, can be a big
to set your payments so that you can affordhelp, not only by showing you individual
the land payments along with your currentproperties, but by telling you about the area
cost of housing. You can save thousands ofin general. It's not necessary to restrict
dollars in interest by keeping your loan toyourself to one Realtor. But as soon as
as short a term as possible. Also, make surepossible you should choose ONE to work with,
that there is no prepayment penalty on yourget their allegiance and preferably sign a
seller financing note.You can however oftenbuyer's agent agreement with them so that
purchase an existing home on acreage for athey are looking out for your best
lot less than the cost of acreage andinterests!!! If your Realtor is too pushy for
building a similar home. You can also oftenyou or isn't showing you the type of
rent out the property to cover part of yourproperties that interest you, find another
expense while you arrange your affairs forone; make sure you void the buyer's agent
your eventual relocation to rural bliss. Ifagreement if you have one (in writing) and
you are interested in purchasing a 100 acreget a Realtor who will listen to what you
horse farm complete with buildings, fencing,want and provide you such.And don't forget to
paddocks, etc. you can often save nearly 50%watch the newspapers and check out properties
of the reconstruction cost; but there isin your price range and area of interest
little market for renting such a property.Ifbeing offered for sale by owner. Sometimes
you find "more than five acres" with a homethe best deals can be had by working with
and buildings that need work but areowners; and if you have a buyer's agent, the
structurally sound, you may save 30% to evenagent can make certain that you are well
60% of the reconstruction cost. Be certain ininformed and protected even after you view
this area, Sussex County Delaware, that youthe property with the seller.You will also
get more than five acres as five acres orneed an attorney in Delaware to assist you
less falls into a nonagricultural zoningwith the closing on the property. It is
classification that you may not wish to beimportant to know that all attorney's CAN do
involved with as you develop your ruralreal estate settlements but only a handful
lifestyle.Most people ask me for 20 to 30are worth using. Attorneys specialize and
acres, or more. But let's take a look atonly three to five of them specialize in real
reality here. A football field is threeestate -- for the rest of them, real estate
quarters of one acre. Thus 5.1 acres or moresettlements are awkward and no matter what
is a very roomy place to live acreage wise.they say... they usually make errors and
If you want horses however think 15 acres orthose errors can be horrid.When you do find a
more. Each horse will need an average of 5 toproperty you like, don't let it blind you to
9 acres depending on how you decide to raiseits drawbacks. Whether or not you're working
the horse; that acreage is in addition to thewith a Realtor, do your homework. Remember,
land that your home, driveway, out buildings,unless your Realtor is a buyer's agent, he or
garden and other non-fenced areas take in.she is working for the seller. Most Realtors
Many people are thinking of one, two, threewill be up front with you about all your
or four horses for the family enjoyment; ifquestions, but they are also bound by
so they need about 3 or more acres for thecontract to get the best possible price for
home and other human related improvements andtheir client, the seller. And, by law -- when
should figure an additional average of seventhey are working for the seller there are
acres for each horse or pony.If you have anumerous things they may NOT divulge to you
dream of self-sufficiency; living off theeven when they know about them.First, ask the
power grid, being away from it all... this isseller or Realtor all the questions you can
virtually impossible in reality yet mostabout the property. For an older dwelling,
prevalent when you are in the dream stage.this might include questions about the age of
Coming to terms with what you canthe wiring and plumbing, type of foundation,
realistically afford and what you canand in some parts of the country, when it was
realistically live with before you buy canlast checked for insect problems. This is
save you a lot of headaches later.Solar powerparticularly important near the beaches and
is far more expensive than buying electricityregarding wooded properties -- where termites
from the power company, wind power isare prevalent.Then talk to the neighbors. In
unreliable, water power is expensive and hardthe rural sense, the "neighbors" are folks
to arrange; now I expect to get a lot ofliving within a five-or-so-mile radius of the
argument on this from those who have read allproperty; sometimes even more, if the
about it but have no real experience -- but Iproperty is down a long road without
won't get any valid argument from anyone whointersections. Ask them about the area, its
has done it (unless they are simultaneouslypeople, any problems with the area, and
trying to sell the idea to others).There areparticularly if they know of any drawbacks
many good articles in Backwoods Homewith the property you are considering
Magazine; but most of them leave out thepurchasing. If they seem reluctant to talk to
initial expense, maintenance expense andyou, this might be a red flag you shouldn't
almost always the expense of replacing wornignore: maybe they'd like to buy the property
components of these so called money savingbut can't afford it, or maybe they don't like
off-the-grid systems. You can however designoutsiders buying property in their area. If
a passive solar home, one with most windowsyou run up against this in several
facing south west and few facing otherconversations, you might have a hard time
directions. Most older farm houses aregetting along with the neighbors. Buying --
already designed like this, not all of themand holding onto -- that chunk of land, with
are well insulated however.Location: isor without a home and buildings on it will
paramount. We Realtors are wont totake creative planning, patience, and caution
chant"location -- location -- location" likeon your part!IF YOU MUST HAVE A DEAL OR ELSE
a mantra. It isimportant, just learn what it.  .  .
means as location hasdifferent parameters for
different purposes. Location on a main roadToday's expensive properties will be
is imperative for commercial activity;tomorrow's bargains. Don't be discouraged by
location near pleasant living and good jobsshort term obstacles. Land prices seldom go
is imperative for residential property;down in the long run. Obviously, there are a
location regarding rural principles is alot more things to consider when buying rural
matter of sometimes life and death or atland as opposed to buying a house in a city.
least a matter of doable and undoable for aOne of them is the possible problems of
rural home.I suggest that the proper locationbuying in a "boom town" area when you don't
for rural living is NOT usually closest towant to be part of the boom.It is important
the best beach, ski slope or lake but theto consider whether your dream location will
more sensible location is near to a ruralbecome less desirable as more people relocate
town where many or most of the locals arethere. For this reason it is not uncommon for
living on rural acreage. In our area everyonepeople who move to a rural area to want to
wants ten to thirty acres near the beach;"close the gate" after they get there. They
after finding out the price, they dream aboutrealize that if too many people move to the
1 to 5 acres but seldom end up getting it andsmall community they have chosen, that it
if they do the difficulty of finding it,will eventually lose the qualities that drew
using it for rural purposes and enjoying itthem there in the first place. Unfortunately,
when your neighbors complain about yourpeople WILL find these wonderful places, no
rooster, tractor noise or fertilizer odorsmatter how hard some people try to keep them
will often make this semi-rural location lessa secret. Some communities handle growth
than your dreams.If you're not rigidly set onwell, others don't. Check to see what kind of
purchasing land in some popular or scenicplanning and zoning is present in your chosen
wonderland, some good buys can still be foundarea. A community that looks ahead and plans
in the less "romantic" parts of the county,for growth fares much better than communities
particularly on the edges of small farmingthat keep their heads in the sand, thinking
communities. In Sussex County, I suggest the"it can't happen here." Growth not only can
south west part of the county, west ofhappen, it will.But short of a natural
Millsboro, nearer to Gumboro, Delmar, etc.disaster or a devastating man-made calamity,
for the best rural surroundings and lowestland won't come down in value. Buy it, use
prices. There are few properties available init, live on it, improve it, and love it. Land
that area but even fewer buyers who haveis the best investment you'll ever make, for
faced the reality of where rural living isyourself and posterity.Good luck in your
better lived.If you are independentlysearch!



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