The first time I ever stepped foot on my current homestead, we didn’t really know what we were looking at. To be honest, the only reason we even considered the property was because it sat adjacent to my mother-in-law’s home.
So we met the realtor and glanced it over.
The property was practically fully wooded, the house had been abandoned and was labeled ‘uninhabitable,’ but the price was right.
Just like that, we embarked on our journey.
Today, I want to share some tips with you about things you should consider when buying your homestead.
1. The Price Is Right
Price is the first thing I would definitely take into consideration. Because a house can be built or fixed, fences can be built, and all of it done over time.
But debt is something that once you take on, it is very difficult to get rid of.
When shopping for land, always check into foreclosures (like our homestead was) for sale by owner property, or even free land. Those are usually ways to find the best deals.
The main thing to remember is that homesteading is about simplicity. And it is hard to live the simple life when you constantly have bill collectors on your back.