I hope this is an ok place to put this, not sure where it would go so very sorry if its in the wrong place. I am just wondering how much land everyone has or wants or needs to run a self sufficient homestead? Right now I have 45 acres with a 2100 sq ft modular home. We have no water here. We haul our own water in and I hate it. It's dry 10 months of the year, looks like a desert, hot as all get out, just not where we want to be. We want to be in the mountains. We are also very house poor. Our house payment is sucking us dry. In the future (hopefully sooner than later) I would like to be 100% debt free and not have to worry so much. Between our house payment and insurance it's about 45% of our take home pay. So we got some inheritance money and we have the opportunity to buy land in the mountains with it. We went and looked today and found out we have a few options.
1. We can but into a subdivision of like minded people and get about 30-35 acres for between 20-22 thousand. We have at least half down for that, would need to get a well and then build on it. The realtor said wells are running between 5-10 thousand in the area. The problem with this is the location is closer to mountains with a *fantastic* view of the mountains but its on the open plains just like we are now, no trees, just open land (although it is a lot greener). This option would put me roughly 12 thousand in debt with the well and no house or place to actually live.
2. We can but 5-12 acres, more in the mountains, most don't have open meadows or anything but I would clear the forest out a bit for fire mitigation anyway so that's not a huge problem, but they are in more populated areas because instead of 30 or more acres we are looking at a maximum of 12, probably closer to 5 though due to budget. This land also needs a well drilled and all the work that goes with vacant land. It's also in the 20-30 thousand range so again we would have about half the money down. This would start me in debt at somewhere around 30 thousand in debt with having to buy a well and that's with no house or place to live.
3. Get very very creative with our financing and see if we could get up to say a 60-70 thousand dollar loan and get 20-50 acres up in the mountains. Some of these plots of land already have a well saving us possibly up to 10 thousand in the near future. But this means I am heading strait into debt of at least 60 thousand without even putting anything on the land.
What we want to do with the land is get it, sell our house we are in now and move up there, live in a yurt or very very small cabin and build some sort of earth ship or similar style house. Moving up there will be me and my husband and 2 kids (possibly more kids in the future), my brother, and our best friend. They will both need their own little houses to live in or maybe just connect two little one room earth ship houses to our main one with a greenhouse??? I don't know. My mother in law is also planning on coming to live with us when her husband dies but that's another can of worms to open at another time. We want to have 2-3 cows (meat and dairy), goats (we have 5 right now) for meat and dairy, rabbits, chickens, possibly turkeys, also have 1 horse (a mustang) but would like to get a few drafts to round out my herd lol and we want to have a huge garden and a greenhouse so we can grow our own veggies. I think I covered all the bases here of what we want, there are just so many ideas I have lol. So am I crazy? Could I even do all this on 5 acres as the minimum amount of land that I am willing to buy? What would you all do? I know I am going to need to bring in extra hay for the animals because 5 acres just can not support that many animals. I am very familiar with rotational grazing and keeping the land in good condition and not letting my livestock make it a barren waste land, I am just wondering if this is possible and what my best option would be. What would you do???? Thanks!!!
I forgot to add that we are really big into shooting sports so one of the biggest things I am worried about is right now I have a 700 yard shooting range and up there with anything less than 20 acres I will be down to at the most a 200 yard range, and that will be pushing it. Probably more like 50-100 yard range is what we will end up with.
I don't know if this helps but right now we are just over 90 thousand in debt with our house and 1 loan we took out against both of our cars.
1. We can but into a subdivision of like minded people and get about 30-35 acres for between 20-22 thousand. We have at least half down for that, would need to get a well and then build on it. The realtor said wells are running between 5-10 thousand in the area. The problem with this is the location is closer to mountains with a *fantastic* view of the mountains but its on the open plains just like we are now, no trees, just open land (although it is a lot greener). This option would put me roughly 12 thousand in debt with the well and no house or place to actually live.
2. We can but 5-12 acres, more in the mountains, most don't have open meadows or anything but I would clear the forest out a bit for fire mitigation anyway so that's not a huge problem, but they are in more populated areas because instead of 30 or more acres we are looking at a maximum of 12, probably closer to 5 though due to budget. This land also needs a well drilled and all the work that goes with vacant land. It's also in the 20-30 thousand range so again we would have about half the money down. This would start me in debt at somewhere around 30 thousand in debt with having to buy a well and that's with no house or place to live.
3. Get very very creative with our financing and see if we could get up to say a 60-70 thousand dollar loan and get 20-50 acres up in the mountains. Some of these plots of land already have a well saving us possibly up to 10 thousand in the near future. But this means I am heading strait into debt of at least 60 thousand without even putting anything on the land.
What we want to do with the land is get it, sell our house we are in now and move up there, live in a yurt or very very small cabin and build some sort of earth ship or similar style house. Moving up there will be me and my husband and 2 kids (possibly more kids in the future), my brother, and our best friend. They will both need their own little houses to live in or maybe just connect two little one room earth ship houses to our main one with a greenhouse??? I don't know. My mother in law is also planning on coming to live with us when her husband dies but that's another can of worms to open at another time. We want to have 2-3 cows (meat and dairy), goats (we have 5 right now) for meat and dairy, rabbits, chickens, possibly turkeys, also have 1 horse (a mustang) but would like to get a few drafts to round out my herd lol and we want to have a huge garden and a greenhouse so we can grow our own veggies. I think I covered all the bases here of what we want, there are just so many ideas I have lol. So am I crazy? Could I even do all this on 5 acres as the minimum amount of land that I am willing to buy? What would you all do? I know I am going to need to bring in extra hay for the animals because 5 acres just can not support that many animals. I am very familiar with rotational grazing and keeping the land in good condition and not letting my livestock make it a barren waste land, I am just wondering if this is possible and what my best option would be. What would you do???? Thanks!!!
I forgot to add that we are really big into shooting sports so one of the biggest things I am worried about is right now I have a 700 yard shooting range and up there with anything less than 20 acres I will be down to at the most a 200 yard range, and that will be pushing it. Probably more like 50-100 yard range is what we will end up with.
I don't know if this helps but right now we are just over 90 thousand in debt with our house and 1 loan we took out against both of our cars.