{"id":14641,"date":"2019-10-14T22:15:24","date_gmt":"2019-10-15T05:15:24","guid":{"rendered":"https:\/\/rurallivingtoday.com\/?p=14641"},"modified":"2023-01-27T21:58:53","modified_gmt":"2023-01-28T04:58:53","slug":"investing-in-rural-property-challenges","status":"publish","type":"post","link":"https:\/\/rurallivingtoday.com\/rural-living\/investing-in-rural-property-challenges\/","title":{"rendered":"Investing in Rural Property: Challenges to Expect and How to Deal"},"content":{"rendered":"<p>Investing In Rural Property &#8211; Non-metropolitan counties have higher rates of self-employed business owners than their metropolitan counterparts, <a href=\"https:\/\/www.pbs.org\/newshour\/nation\/six-charts-illustrate-divide-rural-urban-america\" target=\"_blank\" rel=\"noopener noreferrer\">according to the US Census Bureau<\/a>.<\/p>\n<p>This shows that, contrary to popular belief, there&#8217;s a lot of investing going on even in rural areas.<\/p>\n<p>This makes them a viable option for real estate investors who are looking to spend less, buy multiple properties, or pay fewer taxes.<\/p>\n<p>However, as is the case with any other form of real estate investment, there are challenges involved in <a href=\"https:\/\/rurallivingtoday.com\/rural-living\/rural-property-investment-pros-cons\/\" target=\"_blank\" rel=\"noopener noreferrer\">rural real estate investing<\/a>.<\/p>\n<div class=\"mv-video-target mv-video-id-hqmmpfzhx54p3dennhvf\" data-video-id=\"hqmmpfzhx54p3dennhvf\" data-volume=\"70\"><\/div>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/rurallivingtoday.com\/rural-living\/investing-in-rural-property-challenges\/#Investing_in_Rural_Property_Challenges_to_Expect\" title=\"Investing in Rural Property Challenges to Expect\">Investing in Rural Property Challenges to Expect<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/rurallivingtoday.com\/rural-living\/investing-in-rural-property-challenges\/#Rural_properties_are_more_at_risk_from_natural_disasters\" title=\"Rural properties are more at risk from natural disasters\">Rural properties are more at risk from natural disasters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/rurallivingtoday.com\/rural-living\/investing-in-rural-property-challenges\/#Smaller_customer_pool\" title=\"Smaller customer pool\">Smaller customer pool<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/rurallivingtoday.com\/rural-living\/investing-in-rural-property-challenges\/#Challenges_to_Investing_In_Rural_Property\" title=\"Challenges to Investing In Rural Property\">Challenges to Investing In Rural Property<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Investing_in_Rural_Property_Challenges_to_Expect\"><\/span>Investing in Rural Property Challenges to Expect<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You must be willing to do extensive research.<\/p>\n<p>First, you need to learn the challenges you will face. This will depend on where you buy your rural property.<\/p>\n<p>Next, you&#8217;ll need to know how to deal with them.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-9782\" src=\"https:\/\/rurallivingtoday.com\/wp-content\/uploads\/Fotolia_171085827_Subscription_Monthly_M-1024x682.jpg\" alt=\"Heavy winds and flood\" width=\"1024\" height=\"682\" srcset=\"https:\/\/rurallivingtoday.com\/wp-content\/uploads\/Fotolia_171085827_Subscription_Monthly_M-1024x682.jpg 1024w, https:\/\/rurallivingtoday.com\/wp-content\/uploads\/Fotolia_171085827_Subscription_Monthly_M-300x200.jpg 300w, https:\/\/rurallivingtoday.com\/wp-content\/uploads\/Fotolia_171085827_Subscription_Monthly_M-768x512.jpg 768w, https:\/\/rurallivingtoday.com\/wp-content\/uploads\/Fotolia_171085827_Subscription_Monthly_M-185x123.jpg 185w, https:\/\/rurallivingtoday.com\/wp-content\/uploads\/Fotolia_171085827_Subscription_Monthly_M.jpg 1688w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rural_properties_are_more_at_risk_from_natural_disasters\"><\/span>Rural properties are more at risk from natural disasters<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Natural disasters, such as floods, can affect both rural and urban areas.<\/p>\n<p>However, the effects are usually worse in rural areas.<\/p>\n<p>This is because, in urban areas, there are more measures taken to prevent or reduce the damages caused by natural disasters than in <a href=\"https:\/\/rurallivingtoday.com\/about\/\">rural areas<\/a>.<\/p>\n<p>For example, if your rural property in California is <a href=\"https:\/\/edition.cnn.com\/2019\/10\/12\/us\/saddleridge-fire-saturday\/index.html\" target=\"_blank\" rel=\"noopener noreferrer\">affected by the ongoing fires<\/a>, it would take longer for help to arrive than if it was an urban property.<\/p>\n<p>This means you you may suffer more damage.<\/p>\n<p>Before investing in a rural property, you need to find out all the risks you face. In this way, you can take the necessary steps to protect your property.<\/p>\n<p>The best thing you can do to ensure that your investment is always secure is to get sufficient insurance coverage against such elements.<\/p>\n<p>If you&#8217;re not sure about the types of natural disasters you need to get coverage for, <a href=\"https:\/\/insurance.kansas.gov\/public-adjusters\/\" target=\"_blank\" rel=\"noopener noreferrer\">talk to a public adjuster<\/a> to guide you on the best coverage based on your property&#8217;s location.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Smaller_customer_pool\"><\/span>Smaller customer pool<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rural areas have fewer residents than urban areas. Therefore, you will have a significantly smaller pool of potential customers. This is important whether you&#8217;re looking to sell or rent your property.<\/p>\n<p>You can expect a rural property to spend a lot more time on the market or tally up more lost rent when you&#8217;re looking for tenants to fill your vacancies.<\/p>\n<p>To deal with this, you need to <a href=\"https:\/\/www.forbes.com\/sites\/forbesrealestatecouncil\/2018\/05\/16\/five-effective-strategies-for-selling-a-home-of-any-value\/\" target=\"_blank\" rel=\"noopener noreferrer\">come up with strategies<\/a> tailored to suit the rural setting.<\/p>\n<p>For example, you will need to cast a wider net when looking for buyers for your property.<\/p>\n<p>Unlike urban properties, where a simple &#8220;For Sale&#8221; sign can get you multiple interested buyers in a day, it may take months for an interested buyer to see your sign on a rural property.<\/p>\n<p>You also need to know where to market your rural property.<\/p>\n<p>For example, advertising on Craigslist may not work for rural properties.<\/p>\n<p>Instead, you can target people who would be interested in rural property. This may be retiree groups or those on a fixed income, etc.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Challenges_to_Investing_In_Rural_Property\"><\/span>Challenges to Investing In Rural Property<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Rural areas are a great opportunity for real estate investors, but they do come with their fair share of challenges.<\/p>\n<p>You want to be successful and recoup your investment. Therefore, you will need to find ways to deal with each of them.&nbsp;<\/p>\n<p><em><strong>Related Content: <a href=\"https:\/\/rurallivingtoday.com\/rural-living\/fencing-for-your-property\/\" target=\"_blank\" rel=\"noopener noreferrer\">How To Find The Right Fencing For Your Property<\/a>, is it really that hard?<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investing In Rural Property &#8211; Non-metropolitan counties have higher rates of self-employed business owners than their metropolitan counterparts, according to the US Census Bureau. This shows that, contrary to popular belief, there&#8217;s a lot of &#8230; <a title=\"Investing in Rural Property: Challenges to Expect and How to Deal\" class=\"read-more\" href=\"https:\/\/rurallivingtoday.com\/rural-living\/investing-in-rural-property-challenges\/\" aria-label=\"Read more about Investing in Rural Property: Challenges to Expect and How to Deal\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":14644,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"disable-jtr":false,"wprm-recipe-roundup-name":"","wprm-recipe-roundup-description":"","footnotes":""},"categories":[5],"tags":[],"acf":[],"mv":{"thumbnail_id":14644,"thumbnail_uri":"https:\/\/rurallivingtoday.com\/wp-content\/uploads\/Investing-In-Rural-Property-Challenges-To-Expect-300x200.jpg"},"_links":{"self":[{"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/posts\/14641"}],"collection":[{"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/comments?post=14641"}],"version-history":[{"count":0,"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/posts\/14641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/media\/14644"}],"wp:attachment":[{"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/media?parent=14641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/categories?post=14641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rurallivingtoday.com\/wp-json\/wp\/v2\/tags?post=14641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}