As the cost of living continues to increase, more and more families are choosing to move outside the city. While the suburbs are cheaper than the city, rural areas are even more affordable than the suburbs. If you’re thinking of making a go of the country life, here are a few things to consider.
It’s affordable. Rural homes are, by and large, quite budget-friendly—certainly more so than a home in the middle of a big city like Toronto. While you can easily snag a cozy country home at a low price tag, it might require a bit of maintenance. You should also expect to pay some additional costs: gas prices if you commute to the city, snow removal in the winter and land taxes, to name a few.
It’s relaxing and peaceful. In a world that is becoming increasingly hectic, the simple joys of country living can be appealing. A large number of millennials are choosing to get back to their roots and raise their families on acreage in the country. With work-from-home options becoming more realistic and sky-high costs of living in the city, it makes sense that more young professionals would prefer to reside in a place where they can see the stars.
It’s a great investment in your future. Buying a fixer-upper in the country can be a lot of fun if you’re into DIY projects. Although it will be a challenge, and you may have to sink a fair bit of money into turning your house into a home, you will inevitably find it worth your while to invest your time in renovating a country home. Whether you plan to see generations grow up on your land or turn a tidy profit once you send the kids to college, you can be sure that a rural property will always be a beneficial asset.