When you are buying a house, you need to be ruled by your heart as well as your head. It makes sense that you want your house to be a good financial investment. It is a huge purchase and will tie up a large part of your capital.
It is perfectly reasonable that you want this very important asset to rise in value over the years. It is true that the property market can be volatile in some areas and it has seen some major fluctuations over the last couple of decades.
However, as a long-term investment, property is still a good place to put your money. If you look ahead a few decades, it is very likely to have increased in value.
What if your heart is telling you that a move to the country is best for you? If your physical and mental health would benefit from moving out of the rat race of inner city living, you may be looking at mountain homes for sale on websites right now and dreaming of that clear mountain air.
This may be good for your soul and your spirit but what will it do for your wallet?
Investing in a rural property
You don’t often see the huge price hikes in rural properties that you see in the inner city and suburban areas. There tends to be a ripple effect. Prices fall and rise in cities and it takes a while to filter through to the country. This can give you some more stability.
There are always people who want to live in the country so you will be able to sell your home should you want to. It just may take a little longer. You are also going to get more for your money.
You could get a big 4-bedroom family home with a large garden and lots of local amenities for the same price as a downtown penthouse apartment. It is up to you to choose which appeals to you more.
Can you afford to live in the country?
If you work in the city, a move to the country is going to impact you financially. If you give up your job, you may not be able to get such a highly paid position in a rural area.
Could you take your job with you? Is there any scope for you to work from home for a few days a week and then stay over in the city for a few days as well?
The other option is to commute daily and there are pitfalls associated with this. Obviously, there is the time that it will take. You also have to factor in the cost and the inconvenience. The weather can be harsh in some rural areas and there may be occasions when you simply cannot get to work.
Country properties are often spacious, beautiful and have stunning views. If you are into hiking and outdoor sports then it could be the perfect location for you to live. You just have to work out if your finances are in place.