My dad died a couple years ago and I inherited a farm in the central EU. Some of the land is farm land, some zoned residential. My plan was to rent this house out Airbnb style. The surroundings...
My dad died a couple years ago and I inherited a farm in the central EU. Some of the land is farm land, some zoned residential. My plan was to rent this house out Airbnb style. The surroundings are very pastural. This is the appeal for “agro-tourism.” We are also very close to ski resorts.
My farm plot is the smallest of all the neighbors, but it is dead center in the planned farm. They want a 30 year lease for our land. One neighbor has already agreed. They are offering about $2500/hectare/year.
My neighbors are actually farmers, and to them this is a big chunk of money. Especially as they have 10+ hectares each, I only have 1.25. For me the money is less than one month’s salary and is not that appealing. Also, this is about 15% of what I expected to make off of the Airbnb which would pay for my retirement. Yes, this is a privileged position.
I don’t know what questions to ask in negotiations. One thing I verified is that inflation is included, year after year. What else?
Note: Yes I will have a lawyer look at this, but honestly this is the first thing of its kind in our area.
If you were renting out a house in ski-resort/farm country, would you care if there were a bunch solar panels in the fields instead of farm land? Would you like it more, or less?
Note: I can upload photos or video to give you an idea of the area.
Will this raise or lower the value of my home for resale?
Any other general thoughts?
Edit: I should add that I am super-anti CO2, so my default position is “hell yes!” But I am just trying to be pragmatic about this. Of note is that this is the first time in my life I am experiencing a bit of NIMBY-ism. Also, I am extremely thankful for this opportunity.