The “value-per acre” we just discussed is certainly applicable here, but the financial benefits of living or owning in a rural area must also be considered, as your dollar can oftentimes stretch much further from a long-term perspective. Home prices are generally much lower and taxes associated with rural land are often times far easier to digest than that of their inner-city counterparts.
A “financial benefits” list wouldn’t be complete without mentioning the overall practicality for farming and/or small gardening as it relates to putting your own fruits and veggies on the dinner table to nourish your family. Let’s extend this concept further in terms of networking – the ability to trade your home-grown goods at farmer’s markets and with neighbors in the surrounding community can also help lower grocery costs as well, with the end result of strengthened communities, fuller bellies and fatter pockets.
Another note that should be carefully considered, is that rural living typically may not be suitable for the instant gratifying individuals and convenient-dependents. There may not be 7 different gyms, 5 different yoga class options or 3 different Wal Marts nearby. In some cases, driving an hour or more for some of these basic creature comforts would be expected, so if heavily-optioned conveniences are important to you and your family, it is important to do some very thorough research on any area you are considering prior to making any decisions.
We wrote another article titled Benefits of Living in Rural Areas, which also highlights some other key advantages of living in less populated areas. You can check that article HERE, you feel you’ve already decided the rural property is right for you, you can check out our Guide to Buying Rural Property HERE.
Wherever you are at in your journey, at the end of the day – always remember to educate yourself as much as possible prior to making any moves.