A farmhouse is a type of a house, which serves a residential purpose in an agricultural setting. It is surrounded by a farm or a well landscaped garden. These can also be called as country houses, away from one’s residential address, where one can go to spend some time in the lap of nature. The farmhouses are designed in varied manners from traditional to modern. But all have the rural or agricultural flavour.
Farmhouses are spread in a modest to a huge chunk of land with large front porches. These days, we also find farmhouses planned and constructed with one or two stories. Over time, as the city of Nawabs got more built-up, farmhouses began to be seen as second homes and weekend getaways, where substantial open space was available.
“The category of people quite visible in investing in a farmhouse is the ones who already have homes, and invest for the reason of having a second home or luxury purposes,” says Satish Srivastava, MD, Nilansh Group. Adding further, he says, “Today, when people spend in buying a farmhouse, it is entirely as per their need and choice. Also, as buying land outside city can’t be plotted, and since it’s cheap, it is converted into a farm house by fencing the area and installing a gate to secure the land.”
There is a sudden rush or surge in investments on farm houses due to cramped surroundings of modern urban India. People prefer farmhouses to experience comfort in a second home, wherein they can also discover the joys of a country life.
As an investment option, any day, a farmhouse has its intrinsic value intact and appreciation of value as lucrative as land, or marginally less. The owner has the luxury of part disposal of larger chunk of farm land. It gives the farm owner flexibility of retaining the essentials and disposing extra unused for better ROI (Return on Investment).
“The land for a farmhouse should be acquired and approved by the government. Further, the area for a farmhouse should be at least 2000 sq feet or above,”