![]() ![]() If you intend to operate your small farm as a hobby, then you have plenty of time to make improvements to the land. With a hobby farm purchase, you should always prioritize the condition of the house. Your real estate broker can help you negotiate with the seller to get the most out of your hobby farm purchase. ![]() Sometimes, if a seller is moving across the country, they might be selling some animals too. You might want the seller to leave some machinery, equipment, fences, or pens in place. Negotiating a hobby farm sale in Colorado is more complex than making an offer on a house. But, before you sign the closing papers, make sure you know the answers to the following questions. Long story short, if you have a passion for farming and want to explore it in a state as appealing as Colorado, finding a hobby farm for sale is the first step in the right direction. Hobby farming is not to be confused with homesteading, which means having a fully self-sufficient farming operation without the goal of turning a profit. This might involve raising chickens for farm-fresh eggs or growing a vegetable garden, so you always have organic produce in the fridge. If a hobby farm makes money, that's a bonus.Īlso, while not entirely necessary to fit the definition, many hobby farm owners want to create a certain level of self-sufficiency. The owner or owners of a hobby farm typically have a full-time job or source of income outside of farming. That's where understanding the concept of a hobby farm comes in.Ī hobby farm is exactly what it sounds like: a farm you operate for fun, not for profit. I recently spoke to a buyer who loved the idea of owning land and starting a small farm, but he didn't know if he'd have the time or expertise to turn a profit, especially outside of his day job. One of the biggest misconceptions about owning farmland in Colorado is that you have to make farming your primary source of income. Who doesn't want to work under the beautiful sky every day, experience the changing seasons, and live off your land? Colorado makes it easy to romanticize a self-sufficient lifestyle. ![]()
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