There are an estimated 9 million horses in the United States, the largest population in the world. Kentucky is one of the states with the largest number of horses. It should come as no surprise that equestrian real estate is booming in the region which is home to over 400 horse farms. People often dream of owning their own farm and when combined with a passion for horses, the opportunity to secure a piece of the American dream becomes a reality for many families. Regardless of the fact that there are many horse owners all over the country, not everyone has their own property. Sometimes, horses must be boarded on another property that has stables and all of the equipment necessary to care for the equines. Equestrian real estate can solve the dilemma of finding suitable housing for horses. Stables can be costly depending on the situation and also the location. Because of the costs involved in caring for horses, it may be advantageous for some people to invest in buying land. Horses require food, housing, exercise, medical care, cleaning, grooming, and much more. The cost of boarding a horse varies depending on what facility you use, but on average the monthly boarding fees may range anywhere between a couple hundred dollars a month to thousands of dollars per month in more densely populated areas. The costs for boarding do not stop there however, additional fees may include activities such as feeding the horses, mucking stalls, pasture fees, transportation and equipment costs for things such as a trailer. Equestrian real estate might be an attractive option for an experienced horse owner who doesn’t mind handling the activities of a boarding facility. The monthly fees associated with boarding can add up quickly.
Equestrian Real Estate Considerations
If you are considering the possibility of owning a horse property, then working with a real estate expert that specializes in equestrian properties is highly-recommended. Your equestrian real estate agent will be familiar with rural areas where horse farms are usually located. Moreover, agents that deal with horse properties are usually horse owners of their own. The agent will be able to help you navigate purchasing options that are suited for your budget as well as your personal preferences. As with any major investment, do your research. Learn as much as you can about the area that you are interested in buying and spend some time getting familiar with the local community. There may be some complex tasks involved with purchasing a horse property such as zoning laws, building requirements and other local guidance. Working with a realtor will help to clarify any complicated issues. Before settling in on a property, make sure that you visit as many as possible and keep your long term goals in mind. Plan ahead for how you hope to establish your horse property and what you would like to do in order to sustain it for your preferred amount of time. Location is everything when it comes to finding the perfect horse property. Think about how activities such as grazing, horseback riding and proximity to necessities will impact your experience living on and maintaining an equestrian property. Contact us to find out how we can help you find your dream equestrian real estate.