Selwyn Times: November 27, 2019

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2 14 [Edition datE] Buying a lifestyle block City life getting you down? Dreaming of living in the country, where you ‘commute’ from the breakfast table to a barn or your home office? It might look like an easy life but buying a lifestyle property can be a complex business. While living in the country has much to recommend it, you need to do more preparation for buying a place there than buying a pair of gumboots and comparing the merits of ride-on mowers. “We recommend comprehensive due diligence when buying any kind of property, but rural ones come with a whole extra set of things to think about compared to buying a straightforward stand-alone home in town,” says Kevin Lampen-Smith, chief executive of the Real Estate Authority (REA). Lampen-Smith says that while it’s tempting to focus on the dream wish list for your bucolic bolt-hole, but you should also compile a list of issues to be aware of (and people who can help you learn about them). “If the property you like is being sold by a licensed real estate agent, remember that you can ask them anything you like about it,” he says. “Rural real estate agents have special skills in this area and they’ll be able to help you figure out what information you need to make a well-informed decision. It’s also a good idea to get your lawyer onboard early to check titles, consents and other information that you gather in the process.” It might feel like you’re getting away from it all when moving out of town, but rural developments can be subject to rules that restrict what you can do. Lampen-Smith recommends getting your lawyer to check if there are any covenants on the property that might have an impact on a future business you may run there, or any planned building projects. You don’t want to invest in an alpaca herd for your new dream property only to find that it’s not allowed to carry any livestock. Similarly, it would be tough to discover that your subdivision plans are not permitted by council rules. Be aware that there may be tax implications if you’re planning to use the property as a business, Lampen-Smith says. “In general, if it is currently being used for a business that is tax-registered – whether that’s selling organic eggs, grazing stock or running a B&B – then the seller will probably add GST to the price. This means you’ll pay an extra 15 per cent, unless you are also registered for GST. Ask your lawyer or accountant to check if the house or any other buildings on the property are GST-exempt. They will also be able to advise you on whether you need to be GST-registered.” A good place to start when trying to figure out what tax obligations might attach to your purchase of the property is Inland Revenue’s property tax decision tree (available at http://www.ird.govt.nz/property/propertyterms-and-tools/property-decision-tree/), but keep in mind that it is always best to seek professional advice before you make a decision. Rural properties (like all properties) can also have easements on the title that relate to access, water or power. Lampen-Smith says you should ask your lawyer to check the title and work out what the easements are, and how they will have an impact on your rights and responsibilities as an owner. “For example, if the title allows a neighbour access to a piece of their land through your property, do you have any right to limit the type and frequency of that access if you buy it?” Be aware too that there may be ‘unofficial’ easements operating; the incumbent owners may have an informal arrangement with their neighbours, but this may not remain when the property passes into new ownership. Things that we take for granted when living in urban environments, like water, sewage and access, can require more involvement in rural areas. Check the water sources for the property – if it has its own bore, are there limits on the amount of water you can draw from it? What is the process for ensuring it is safe to drink? What happens to wastewater and sewage? Are you prepared for life with a septic tank? Will the current owner ensure the tank is empty as a condition of sale? When it comes to access, will you share a private road or right of way with other properties? What will be your responsibilities and potential costs for maintaining it? Don’t forget that your neighbours may be involved in unglamorous activities at ungodly hours – check the zoning rules for nearby properties if you’re worried about noise, smells or traffic. You might think it’s lovely to have stock grazing out the window, but are you ready for a milk tanker driving past every morning? Be aware that the LIM will not always alert you to any pending or current NZTA decisions regarding local highway linkages that often divert traffic away from urban centres in favour of immediate rural areas on the town boundary. Check with NZTA if you think your property could be affected by road changes. “Like all property purchases, buying a place in the country requires careful, objective consideration,” Lampen-Smith says. “There are lots of great things about living on the land, but it’s best to be realistic about it. You don’t want to be like the former townie I met a few weeks ago, who mournfully told me that their lifestyle block had become “a life sentence”. Do your homework and you’re far more likely to live happily ever after in rural bliss.” For independent advice on buying or selling property, check out settled.govt.nz. RURAL | LIFESTYLE | RESIDENTIAL A trusted brand and an experienced team Contact us for an obligation free market appraisal of your property. ROLLESTON Downsizing or Investing? Treat yourself for Xmas! Looking to downsize or invest? Then don't look past this very generously sized, five-year-old, permanent material two bedrooms plus study home on an easycare, sunny, corner section surrounded by other quality homes. Open-plan kitchen, dining and living area, separate formal lounge, master bedroom with en suite and walk-in robe, guest bedroom, guest bathroom, separate toilet, study or craft room, separate laundry and an abundance of storage. Attached single garage with internal access. ENQUIRIES OVER $529,000 GST Inclusive VIEW Sunday 1.00-1.30pm Rob McGregor M 021 334 469 E rob.mcgregor@pggwrightson.co.nz Karen Hennessy M 027 967 0186 E karen.hennessy@pggwrightson.co.nz Rob McGregor 021 334 469 Min Cookson 027 249 5417 Karen Hennessy 027 967 0186 RURAL | LIFESTYLE | RESIDENTIAL Sam Davidson 027 488 8269 pggwre.co.nz/DAR31451 PGG Wrightson Real Estate Limited, licensed under REAA 2008 Helping grow the country
15 FINAL NOTICE Boundary lines are indicative only Homestead Cottage Duvauchelle Totara Drive Leeston 271 Harmans Road Totara Drive Estate, harbour side sections Totara Drive Estate subdivision is a peaceful, scenic harbour-side development with gently sloping affordable sections starting in price from $150,000 to $220,000. Situated just over an hour's drive from Christchurch and around 10 minutes' drive from the lovely seaside town of Akaroa makes it just far enough away to be the perfect home away from home location. The sections, each with their own unique feel and all enjoying magical sea and harbour views. bayleys.co.nz/552098 Asking Price $150,000 Richard Innes 027 522 9598 richard.innes@bayleys.co.nz Jeremy Gould 027 436 1581 jeremy.gould@bayleys.co.nz WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED REAA 2008 Large scale lifestyle property A superb opportunity to secure a very tidy 33.86ha lifestyle property with the option to purchase an adjacent 4ha lifestyle block (with three bedroom cottage) and a 13ha bare land block. Purchase individually or collectively. Presently the sheltered land is utilised as dairy support and fattening however this is a highly versatile property with extensive shedding that can cater for a wide range of pursuits. Immaculately presented, the homestead is encircled by beautiful gardens and grounds. 3.5km from Leeston, a short commute to Lincoln or Rolleston and approximately 40 minutes into the city. bayleys.co.nz/5511133 4 3 2 2 Deadline Sale (unless sold prior) 1pm, Wed 4 Dec 2019 Phone for viewing times Chris Jones 027 220 5043 chris.jones@bayleys.co.nz Sam Sidey 027 346 3500 sam.sidey@bayleys.co.nz WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED REAA 2008 Boundary lines are indicative only Leeston 37 Chapman Street Lincoln 34 Farm Lane Move in and enjoy Located in a well-established, popular cul-de-sac is this undeniably immaculate family home. The welcoming entry opens to the absolute hub of the home which treats you to a modern kitchen, centrally positioned taking advantage of every aspect available for entertaining, including opening to the outdoor patio. The separate adjoining lounge has numerous options for relaxing. The established grounds have been beautifully designed for privacy/full sun and include a garden shed and vegetable plot. Off-street parking plus a good size garage. Don’t miss this opportunity – call us today! bayleys.co.nz/5511155 4 2 2 2 Asking Price $530,000 View Sun 2.15-2.45pm Nicky Butler 027 751 1801 nicky.butler@bayleys.co.nz Suzy McPherson 027 695 0519 suzy.mcpherson@bayleys.co.nz WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED REAA 2008 Rare investment opportunity - act now! • Exclusive development or investment opportunity • Presentable 1940s, character home situated on a 1,320sqm Freehold title • 151sqm floor-plan plus 22sqm garage • Established potential for a holding income, renovate or develop - zoned living one • Prime location opposite Lincoln University, short stroll into the Lincoln township and approximately 20-minute commute into the city centre bayleys.co.nz/5511211 3 1 1 1 For Sale offers invited over $429,000 Phone for viewing times Nathan Collett 027 826 1535 nathan.collett@bayleys.co.nz Chris Jones 027 220 5043 chris.jones@bayleys.co.nz WHALAN AND PARTNERS LTD, BAYLEYS, LICENSED REAA 2008 bayleys.co.nz
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Selwyn Times: November 27, 2019

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