Rural Weekender

Are there any tips for getting a mortgage with Lifestyle ... All sorts of factors influence a bank’s decision making when it comes to financing small farms.
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We plan to buy a rural property in the country and sometimes use it for three-day weekends with the

Sounds like an ideal city/rural lifestyle solution doesn’t it. If that’s your plan, consider these things…
  • The weekender you buy should really be under two hours from your home so travel times don’t become a trial for your children and diminish everyone’s enjoyment
  • If you can’t make it to the farm every weekend, due to sporting or other commitments, you’re unlikely to achieve the full value of the rural property that you envisaged
  • Make sure the rural property has the capacity to be short-term rented, without expensive renovations, so if there are periods where it is not convenient to use it, you can immediately generate some income
  • Make sure the rural property has reasonable water storage capacity, if not connected to town water, so you don’t arrive to dry tanks on weekends
  • Consider security carefully. Farm houses that are not regularly occupied are sometimes the target of thieves. A well secured rural property with basic furniture and appliances is the safest way to go
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