• Sarah Lipkowitz

Buying A Horse Farm

Updated: Dec 30, 2019

If there’s one thing equestrians tend to be, it’s particular. Everyone has his or her own systems for organization, care, and training. It can be difficult to find a place where you and your horse feel at home. If you are thinking about buying an equestrian property, these are the first two questions you must ask yourself.

Are you willing to put in or pay for the labor? Most equestrians are aware that horse care is labor intensive, but the reality of it may not sink in right away for those of us who have been lifelong boarders. Sure, you have to feed the horses and muck the stalls, but it isn’t just about the horses themselves. It’s about the property maintenance. The fences need to be checked and mended regularly, the arena needs to be dragged (additives may be necessary to keep the footing safe), and the grass needs to be mowed to keep ticks in check. Not to mention the structural maintenance for your barn and your home. You have to be willing to put in the work (and the money) every day, which brings me to my next question…

Can you afford it? Most obviously—can you afford to buy the property? Find a lender you trust with experience in equestrian and agricultural properties. If you are having trouble finding a lender, then reach out to a realtor. Don’t waste time looking at properties you may not be able to afford. Be sure to get pre-approved (not pre-qualified) before you start searching so you have a better idea what your limit will be. Pre-approval starts the underwriting process so you can move quickly when you find a place you love. You don’t want to get hung up in the loan approval process when you’ve already found a property you like and you want to put in an offer. Can you afford the maintenance? As I said before, there is a lot that goes into preparing and maintaining an equestrian property for use and you need to get an idea of what these costs will be in your area. Do some research and reach out to others who may be able to help give you an estimate of the monthly costs. Remember to include costs for any staff you plan on hiring.

I know more than one person who bought their own equestrian property only to decide that the lifestyle wasn’t for them. Truthfully, it isn’t for everyone…and that’s ok! Many of them were quite young when they made the decision to buy, but whatever age you are when you feel ready to make the decision, it is always smart to keep resale value in mind.

Have you made up your mind? Check out my article on purchasing equestrian properties to learn more about finding the right piece of land to fulfill your dreams!

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