There’s a reason moving house is often referred to as one of the most stressful events in our lives. Combine this with a move across the country and a change of lifestyle, and you’ll soon realise that there’s plenty to consider for those relocating to the South West with the dream of owning their own smallholding or farm.
If you’re looking to make that move, here are just a few things you’ll need to be considering.
What do you want and what do you actually need?
Sometimes, there can be a big difference between the two, and the want can sabotage the need! Whilst it would be lovely to have a heated indoor pool, it is probably more important to have that extra acre of land in which you can grow your income.
You’ll invariably get more for your money when it comes to buying in the countryside when compared to areas within commutable distance of the city, but make sure you don’t get carried away; your focus will need to be evenly spread between business and lifestyle.
This also applies to the area that you want to move to. The idea of being completely out in the sticks and away from it all may seem idyllic to someone tired of the London rat-race, but is it practical? Do you have the time to drive for an hour to get food? How about a two hour drive to a central train station?
Small villages can provide those relocating with a great middle ground. The support of the local community and the proximity of local necessities you’re currently familiar with can be priceless.
Setting clear goals and targets is important when finding the right home and land for you and your family. If you plan on running a smallholding, then a house with a few acres may be just right for you. However, if you plan on growing that smallholding into something bigger within a year or two, it may be worth finding somewhere that suits those needs.
Having an understanding of the likelihood of being able to rent further land can also be something worth considering when it comes to expansion plans. This can often be a more cost effective way to grow, free from the initial capital expenditure on land (which will usually be in excess of £5,500 per acre).
If you’re moving your family to the countryside, whether they’re toddlers or children, they’re going to grow and your family could too! Whether that’s more children or elderly relatives and friends, it may be worth looking at properties with outbuildings with the potential of conversion.
Many farming families have cashed in on the revenues diversification can bring in the past decade; if you’re looking at unconverted outbuildings then make enquiries as to the chances of getting planning permission, and also gain an understanding of anybody else locally that has undertaken a similar thing. Seeking advice from people that have taken a similar journey and process can be invaluable in terms of knowledge, and it’s exactly where we can help at West Country Dream.
It’ll be a decision many of us will have made in the past; we want a ‘project’ but just how much of a project do we want? Building costs can quickly escalate if you get into a renovation without fully understanding the work that needs to be done. Always ensure you get building quotes and the necessary surveys before committing to any purchase in order to save yourself the financial and emotional pain of any surprises.
If you’re after advice or guidance in finding the right smallholding or farm for you then call us on 07816514667