Key aspects to buy your rustic property
Key aspects to buy your rustic property
It is often said that those who acquire rustic properties seek the necessary security that allows them to invest later in other areas of greater profitability. This may be true, but the buyer profile of rustic properties is increasingly varied, from investors seeking price stability to funds seeking to acquire properties with high environmental value. Even lovers of the countryside and nature who want to start a farmaccompanied by a second home and thus fulfill a dream of life. Whatever the case, what is clear is that the true profitability of a rusticproperty must be obtained from the use of its resources. Either through itscultivation, through its forestry, livestock, hunting, etc. or throughtourism projects, to cite a few examples. The true profitability of a rustic property must be obtained from the use ofits resources. Spain is full of high-value country estates, from charming mills tocentury-old farmhouses; from farms with olive trees to pastures with oaks;from rainfed to irrigated. Land for economic activity with agriculture,livestock or restaurants (rural hotels), and farms on which to buildalternative housing. As long as there is land, there will be production. Inthis context, investing to grow and harvest has become more attractive amongdifferent types of buyers. The variety of rustic properties on offer in Spain is enormous and theaspects when buying a rustic property can be very varied, but nothing that wecannot assume with the help of a professional in buying and selling rusticproperties. When it comes to acquiring a rustic property, the main thing that we musttake into account is the destination that we want to give to the property.Especially if we want it as a second home or our intention is, really, to runa farm in it. To help you in this process, from Crops Capital we propose the following keysto follow when buying a rustic property: The price of a farm varies considerably even within the same provincedepending on its characteristics: type of land, orientation, water, permits,etc. – dry land is the one that is most revalued and, at the same time, themost abundant and cheap- The final cost of the property may vary depending on the destination: arustic hunting or fishing property is not the same as the costs that mayexist if you want to dedicate it to housing or farming. This will make yourealize the necessary liquidity not only for your purchase but also for thestart-up of a project. The typology of the land opens up a wide range of prices (rainfed, irrigated,fruit trees, forestry, prairie...), and there are great differences betweenthe different autonomous communities. The cheapest rural farms in Spain arein Extremadura, Castilla y León and Castilla-La Mancha. Among the mostexpensive, Andalusia and the Valencian Community, and the highest value foragricultural exploitation in irrigation in Aragon. Precisely, it is the autonomies and the town councils that regulate the usesof rustic properties. Its regulations are those that establish the possibilityof building on these properties, a demand that has increased in recent yearsamong owners and buyers. In the case of housing: Not everything is buying the land, there are manyfactors to take into account before starting to build, such as the levelingfor the foundations, the type of soil, orientation, location of the housewithin the plot... All of these, factors in which an expert in rustic homescan help you. Location. Yes, here the real estate maxim of “location, location, location”is fulfilled, which leads us to recommend the assistance of an expert whoknows the area to assess the project with respect to the suitability of theproperty. Also keep in mind the proximity to populated areas to take intoaccount access to gas stations and stores to be adequately covered in basicneeds, both for a home and for a farm. Caution about taxes and additional expenses: finally, as in everything,before its acquisition we must investigate if the property is up to date withthe corresponding expenses, taxes, fees and debts of the seller. We don'twant surprises. These are just some aspects but, with them, we hope to have helped you learnmore about what you need to take into account before buying a rusticproperty.Do not hesitate to contact us and we will help you find the best land forthe project you want to undertake because, whatever your case, investing inrustic properties is always, always, a success.