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LIFESTYLE BLOCKS & HOBBY FARMS WHAT TO WATCH OUT FOR

While looking acreage for sale we always think about the usage. When it comes to hobby farms and lifestyle blocks, banks define it as non-income-producing rural properties, but that standard description does not fully capture the situation. Depending on the crops you want to grow, the animals you want to raise, and ultimately the amount of labor you are ready to put into it.

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LIFESTYLE BLOCKS & HOBBY FARMS WHAT TO WATCH OUT FOR

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  1. LIFESTYLE BLOCKS & HOBBY FARMS: WHAT TO WATCH OUT FOR? While looking acreage for sale we always think about the usage. When it comes to hobby farms and lifestyle blocks,  banks define it as non-income-producing rural properties, but that standard description does not fully capture the situation. Depending on the crops you want to grow, the animals you want to raise, and ultimately the amount of labor you are ready to put into it. 

  2. DESCRIBE A HOBBY FARM     It is a large amount of land that you may use anyway you choose. Moreover, this is the case if it complies with council construction regulations, and you are not breaking the law.        

  3. WHO PURCHASES HOBBY FARMS?   Lifestyle blocks aren’t just for the elderly. Furthermore, you will need to adjust to some of the required tasks and the seasonal rhythms.   As a result, while working people are approaching retirement and wanting to invest some time in a hobby farm.

  4. DO LIFESTYLE BLOCKS COST A LOT?     The cost of a hobby farm decreases with distance from a major city or town and increases with distance from a major city or town. Because of supply and demand laws, the market for rural properties is much less than it is for urban assets.

  5. DO THEY COST A LOT TO MAINTAIN?    A lifestyle block is not a place to “set and forget” for the weekend or a vacation. Furthermore, a vacation home is probably a better choice for you if that’s what you want.   

  6. Thank You!

  7. Contact Us Suite 1, 1 Cook Drive, Pakenham Vic 3810 reception@thecompanyre.com.au 03 5918 4315 Content Resource  https://thecompanyre.com.au/lifestyle-blocks-hobby-farms-what-to-watch-out-for/

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