Property in Maine on leased land.
When should you consider buying Maine property that is leased from a land owner?
This real estate blog post is about the history of Maine leased land and pros and cons on when it makes sense to buy it.
For starters, Maine is vast, rural and 91% wooded. With all this abundance of wildlife, woods, waterfront, there is a big attraction. You can not get this kind of peace and quiet, all this space in a crowded, expensive populated place.
Lots of folks are hungry, thirsty to be smack dab in the middle of “the great north woods”.
Why? Because you can truly get away from people.
You can stop the World and run away to get below radar to unplug, recharge and fresh.
Maine leased land is lower cost but loaded with recreation options.
You can access Mother Nature and unspoiled, outdoor off grid for a lower property cost investment leasing not buying the Maine land.
So historically, folks have always headed to the wood to camp, hunt and fish. Like stepping back into time with the simpler approach to life.
Heating with wood, cooking on the same stove whatever you serve up for breakfast, lunch and supper.
When you are “uptah camp in Maine”, when you are not on the rec trails, you are playing cribbage, card games.
Someone made a big pot of chili or deer, moose, black bear, partridge or pheasant is what’s for dinner.
If your idea of fun is not being up to camp in Maine or hanging out at the log cabin, I am probably losing your interest.
Because not your cup of tea as what you consider fun.
But there is a growing audience of folks out in the audience that do want to get away from people.
People head to the Maine woods for the solitude and to spend time with family and friends on vacation.
Seeking simple Maine living and outdoor fun.
Being at the Maine rec camp is healthier and lower cost than spending a week in the Old Port or along the more expensive Maine coastline.
For years, local Mainers and notable people like Ted Williams, Jack Dempsey and Teddy Roosevelt all loved the wildness of Maine.
They all liked the outdoor sporting aspect of spending time up at the Maine wood’s camp to clear their heads, catch some fish and game.
The big unorganized territories of Maine mapped out in six by six mile squares are owned by a small number of very large acreage property owners.
The hunting fishing woods camps and cabins were built years ago by your grandfather, his father back in time. You could lease the land for $75, $250 a year.
With permission from the big Maine UT land owner, you had use of the location all four seasons and access to all these trails, waterways.
Leasing the land in Maine is smaller cash outlay.
Skipping the expense of what the Maine land would cost to own the land on a private lake or secluded river pot.
You pay the personal property real estate taxes on the camp or cabin and out buildings.
Your yearly lease includes what the Maine land owner lessor sends into the unorganized territories.
The Maine land owner writes the check for real estate lot property taxes in whatever county recreation spot location.
Your private camp lot lease includes this property tax fee and a little extra to make it worthwhile as “rent”.
The lessee helps the big timber company, the old Maine family with large Maine land holdings to subsidize the overhead by paying the real estate taxes.
Instead paying a smaller yearly lease rather than an extra $25,000, $50,000, $100,000 for the land under the sporting camp.
The Maine woods rec camp lease often is split, shared with other family members and friends.
The group that you hang out with up in the Maine woods when not chasing the dollar to make a pay check.
More explained on leased land in Maine, how it works in this video.
Leased land like leasing a car can work instead of purchasing the real estate.
You might not want to lease the land under your home, but a simple woods camp used a couple times a year is different.
Leasing land means you don’t tie up so much cash and it is not such a financial burden of the Maine real estate.
Leased land in Maine means you can afford to have a vacation getaway that is economical.
Just don’t build something big and palatial so if the lease fee gets too steep, you can bail out or maybe even take the camp or cabin with you. To place it on land in Maine you do own.
In Maine, it is not the size of the property acreage that is the end all.
You are buying a spot and get to tap into all the four season outdoor recreation around that unique location in Maine.
A couple acreages is plenty unless you are planning to horse around and fencing in pasture land for grazing critters. Or tilling the soil to Maine farm land row crops.
Hope this blog post on leased land in Maine, is it the right direction to head is helpful.
Check out all the blog posts, the videos, the more than just property listings in Maine the website offers.
I’m Maine REALTOR Andrew Mooers, ME Broker
207.532.6573 | info@mooersrealty.com |
MOOERS REALTY 69 North Street Houlton Maine 04730 USA