Laying Down Roots: Finding the Right Property for your Homestead

Finding the right property for your homestead can be a daunting task. "How much land can I afford?" and "Where do I want to live?" are some questions that come to mind when looking to find the right property, but potential land buyers may want to consider additional factors when looking for their dream location.

Image: View from our property

Location and Price

These two seemingly obvious questions of "How much land can I afford?" and "Where do I want to live?" might be more nuanced than first expected. In fact, affordability of land and location tend to correlate with each other. While 10 acres in CA may be out of your price range, 20 acres in MT could be within your budget... but do you want to live there?

To determine the general location (by region or state) you would like to lay down roots for your homestead, consider these criteria:

1. What climate do you want to live in? (Do you enjoy seasonality, love the cold, or dream of warmer weather?)

2. Does the area's climate match the hardiness of the livestock you would like to raise or the plants you would like to grow? (Check out the USDA's hardiness zones.)

3. Does the area have any extreme weather to consider? (Hurricanes, blizzards, tornadoes, flooding, drought?)

4. Do you enjoy the culture of the area? (Feeling like you belong in the community is of great importance.)

Image: USDA Plant Hardiness Zone Map

Once you have determined some possible locations, then evaluate which areas have the best cost per acre. If land prices seem out of your price range, do not dismay, there are options to consider:

1. Look for similar places to your desired location that are within your budget.

2. Consider financing with a lender that offers lot loans.

3. Look for a smaller lot. You can still accomplish many goals on your homestead with proper land management.

4. Search for land farther away from the nearest city/town, as prices may be cheaper.

5. Find a realtor that specializes in vacant land/farm sites to help you find options within your budget.

Other Variables to Consider

Once you have found possible locations for your homestead within your budget, keep in mind additional factors that may affect your decision:

1. Zoning and Restrictions (Does your intended land use adhere with the zoning requirements? Are there any additional restrictions on the deed that may inhibit your plans for your homestead?)

2. Microclimate (Is the property in a sunny valley or on the shaded side of a mountain? Track how much sunlight or shade the property receives in a day, as well as any temperature differences from the local climate.)

3. Flood plains (Could the property potentially flood? Are you planning to budget for flood insurance?)

4. Access (Is the property easily accessible? Would any neighbors share an access road going through your property?)

5. Well and Septic (What is the typical cost of well and septic installation? What is the water quality in the area? Will the site pass a perc test?)

Happy Homestead Hunting

Hopefully these considerations will help you in your search for your homestead site. These lists are not exhaustive, and there may be other factors to consider. Be sure to think about your own unique desires and necessities to find a site that matches your needs. Make sure to do your due diligence when considering a property for purchase and consider working with a realtor and title company or attorney who are attentive to your property goals.

The search may be long, but finding the right site will be worth it!

Happy homestead hunting!