You may be wondering why we chose to homestead in Tennessee, instead of here in Florida, where we’ve lived most of our lives. Let’s talk about our top considerations when choosing land for our homestead.
One of our top considerations when choosing land for our homestead, like many wannabe homesteaders, was cost. Here in SW Florida, the cost of living is sky high. And so is the cost of land! We would have had to save for many more years just to come up with enough money for a down payment on land in Florida, and even then we probably only would have been able to get a quarter acre or so, and our mortgage payments would have been huge, requiring us both to work off the property full time. In Tennessee, we were able to buy almost 6 acres, with a very low down payment, and very low monthly mortgage payments. One of us may have to work off the property at first, but our goal of being able to support ourselves mostly from the homestead will be much more achievable.