2. • For many, the dream of owning a rural “home
away from home” is something that began in
childhood.
• Before you buy, however, you might want to
answer the following questions:
3. How Far Away Is It? If you
must travel two days by rail,
then take a four-hour hike
through the woods with a
toddler strapped to your back, you
may want to seriously reconsider the purchase.
Ideally, you should be within a few hours of your
home. If electricity is a serious consideration, you
should make it clear to your real estate agent that
you are not interested in properties off the grid.
4. How Close Are the Neighbors? Buyers typically
want a private retreat as they’re trying to get
away from the crowded urban sprawl. It’s okay
to have neighbors as long as the surrounding
trees give a reasonable illusion of privacy.
5. Is It Worth It? As a buyer, you must determine
whether the value you’re paying is worth
the return for your family.
There are annual property
taxes and insurance as well
as the cost of upkeep to
consider. Many buyers
consider renting the property out for some
additional income. However, there may be tax
implications to renting your home, so seek
professional advice from your tax advisor.
6. By taking a good, hard look at the travel
requirements, the modern luxuries and the
financial aspects of rural home ownership, the
dream of spending peaceful summers at the
cabin can come true.
