Before you get right to searching for properties, take note of what exactly you will need in your new property. Consider your expected income and expenditures (especially your initial investment), your future expansion plans, how large a tasting room you want, how close you want to be to a wine trail, and what kind of grapes you want to plant.
If you're new to wine production, brush up on the finer points of the trade, starting with the terminology. That way, you'll know what to ask the seller once you're ready to view properties.
Meet with a banker to learn what you can afford, then consider your expected income vs. costs. This will help you determine what size vineyard is best for your investment goals.
Discuss your plans for a vineyard or winery in detail with a real estate professional you trust. He or she will then help you determine what you're looking for in a property — and help you find it.
Once you have settled on a few properties you like, ask the following questions:
- When were the vines planted?
- Is the vineyard professionally maintained?
- Who is buying the grapes and for how much?
- If the property is an established winery, how is it faring?
- Where are the water sources? How is the vineyard irrigated?
- Is there a soil analysis or survey?
- What is the vineyard's past production?
Whether it is Buying in the Okanagon, Napa Vally, Virginia or anywhere else, I can help!