Renting/lease agriculture land to build small farmhouse?

[sirquest007]

nting/leasing farm land.

 

More or less the same as owning it, except you don't pay mortgage and when you leave, you can't sell it ????

Right??

 

Most my live I have rented houses, because it suited me.

Done lots of changes in the garden, sheds, replaced kitchens and bathrooms, carports... All the things a home owner would also do.

 

With the knowledge that when I leave, I need to tear it down, or the owner is willing to have it. (Kitchen and such ,the owner agreed)

 

One might say it's a stupid investment, others understand...

Living 10 years or longer in the same house, what is really your costs for the bathroom or kitchen?

and 10 years enjoyed the additional luxury ????

Besides this, I enjoy the DIY.

 

Back to topic.

If I would buy 2-3 Rai of agriculture land, I would build a small farm house on there.

 

Building costs 4-600k

 

My wife lived all her life on a remote farm, you can take the girl out of the farm, but not the farm out of the girl.

 

Due to air pollution, we relocated to Ban Chang, rent a reasonable nice house in a gated community, and there is nothing "wrong" with it, except it ain't free rural nature.

 

So we like to build, lovely mountain area around here.

 

Lots of agriculture use, cassave and pineapple seem to be popular ????

 

Poking around to get some price indication.. 3-4 million per Rai! 

Now that is a lot.

Udon Thani, Phen area

(we lived there 5 years, well I did, my wife a whole lot longer )

, at a concrete road, water & electric.. 80k per Rai.

 

Sadly...

That's the environment we left due the pollution (COPD)

 

Absurd amount of difference.

And frankly, my wife isn't looking forward to mortgage.

 

Just brainstorming here...

 

What is the problem for leasing the land, say for 10 years, have maximum rent increase in the contract and extendable for another 10 years. ??

 

Small farm home and mini farm for own consumption.

 

That should not be a legal issue to get it allowed by the land office (if needed to ask)

 

Besides.. 4-600k construction costs, that's the same as 3-4 years of rent.

 

The lease of 10 years is enough to "earn back" the investment.

 

I read about land lease 3k per year.. (thread from 2020)

Say it's 5k here, Ban Chang area.

 

2-3 Rai, more then enough.

 

Mortgage payments would be 350k per year (9 mil)

And yes, after 30 years or so, you would own...

Compare this to 15k per year..

(One Rai 5k rent, 3 Rai=15k)

That's a huge difference 

 

I'll be 85 by then and probably 6 feet under.

My wife probably will go back to the family farm, my pension will continue to her...

No financial problems or need for this enormous investment.

 

We don't need or want to buy. Absolutely not want at those prices.. 3-4 mil... Crazy!

 

Just build our small farm in the middle of nowhere.

No need for electric or water 

We didn't have in Udon..

So solar and pumps are already available.

 

Is it possible to build a small farm house in rented agriculture land?

 

And what are the possible storms in the future?

 

Thanks in advance for your thoughts & input!!