The Real Estate Group is well-known for its work in selling homes all over Illinois. In addition, we offer a plethora of Illinois recreational properties to fit various client needs. We dedicate a large portion of our business to recreational property sales through Central Illinois Recreational, a branch of The Real Estate Group.
Recreational property is defined as any land or property primarily used for leisure, vacation, or recreation purposes. This does not have to include a home or other dwelling, although it often does. For example, the chalets at ski resorts are considered part of recreational property, as are any cabins on hunting land. The size and type of recreational property varies depending on the activities taking place there, how often it is used, and the climate of the surrounding area.
Common types of recreational property in Illinois include hunting and fishing land, ski resorts, and walking or hiking trails, among others. In fact, land recently purchased from Peabody Recreational Lands was “of such high quality it has been transformed into the World Shooting and Recreation Complex.” That same land is now home to The Grand American, the world’s largest shooting competition.
If you would like to purchase recreational property from The Real Estate Group, we are happy to help. Before starting, consider a few key issues:
This is not only the first rule for real estate agents; it’s the first rule for buyers. Recreational property is for your own use, but it’s also likely going to be part of a neighborhood. You’ll want to get to know the neighbors as you would in the city or suburbs. Determine whether anyone has an enterprise similar to yours and how well they are doing. Ask yourself if the location will give you enough room to expand and reach your recreational goals. If your property is a farm, consider whether the crops or plants you want to grow will do well in that environment.
It’s vital to find the right Realtor for you. If you’re buying hunting land, you’ll need someone who has experience hunting or sells this type of property regularly. If you plan to build recreational cabins, you want a Realtor with an interest in big projects and connections to quality building companies. Build a rapport with your Realtor, making sure he or she is warm and open with you and the sellers. You’ll likely need to transact more than property; several of these sales come with the sale of furniture, bedding, and other items. Make sure your Realtor can help you get everything you need.
Not spending more than you have is a cardinal rule, but buying rural properties comes with its own set of guidelines. If you’re going to finance or mortgage, you need a financial professional. Not all of them are well-versed in rural property, so take the time to find someone who is – your Realtor can help. Also, be aware of finances and needed materials any time you expand the property.