Real Estate Glossary

What is Homesteading?

Homesteading refers to the process of claiming and improving a piece of land with the intention of making it one's permanent home. Homesteaders typically reside on the land, make improvements to it and cultivate the land to sustain them. In the past Homestead Act of the United States, Homesteaders were able to claim land that was owned by the government, under the condition of living on it, cultivating it and improving it for five years.