Lifestyle properties appeal to a lot of people as an escape from city life, or an opportunity to make some money off the land, while providing children with an idyllic, rural existence. But often the reality does not stack up to the dream – and making sure your expectations are realistic is the first step to lifestyle property success.
There are more than 100,000 lifestyle sections in New Zealand and before the downturn hit the real estate market, the number was estimated to be increasing by about 7,000 per year.
Many people who buy lifestyle properties have no intention of working the land, but are looking for space and privacy, clean air and a peaceful, healthy environment in which children can grow up away from the city. But one of the first things to decide when considering a lifestyle property is whether you want to make any money from it, and if so, what you want to produce. This will dictate the type of land and area in which you buy.
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