Generally speaking, a homestead is a residence that is not part of a commercial enterprise. This separation makes it possible to live in a homestead, and to be able to work in your favorite field of interest, without having to worry about visitors, noise, or traffic. Homesteads offer a peaceful life in the country, with no distractions, and they often offer a number of tax advantages as well. Renters have to pay property tax, but land owners are exempt from this tax. A homestead also offers a chance to live in a place that is not a densely populated area, and where you can own a relatively large amount of land without worrying about overpopulation.
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