Tips for Investing in Equestrian Land in Florida
Investing in horse ranches for sale in Florida is the ideal solution for investors who are looking to commit to raising horses full time, for a living, for leisure or for profit. The market for ideal equestrian land can often be very competitive, so it’s worth knowing what to look for to be prepared to act swiftly when a property that may interest you comes on the market.
Here are a few important items to take into consideration when considering Florida ranches for sale.
One very important factor that prospective investors must take into consideration when purchasing Florida horse ranches for sale is whether the property contains suitable stables to house horses. There is often a significant difference in the asking price of properties which contain stables and those that do not. Purchasing a property with stables can potentially save you money and hassle in the long run. Stables are costly to construct, and may require permission from local agencies to erect.
When it comes to equestrian land, the size of the property is imperative. We recommend taking into consideration the quality of pasture land, the number of horses that you intend to have on the property and how large they are or will be to have an understanding of how much acreage you will need. A good rule of thumb is to have at least one acre of land per horse. Keep in mind that if you intend to keep more horses on your land in the future, you may want to invest in a larger property now rather than have to sell up to accommodate the increase.
Another important factor you will want to pay close attention to is access to the property. Having suitable access to a property is essential, especially when it comes to equestrian land. Will you be able to move horses in and out of the property without issue? Does the property have easy access to main roads? You may also want to make sure that you don’t have to drive through the neighbor’s property, or vice versa, to access your property. If you do not have suitable access to the property, it may require some work to establish access, which can add to your overall costs of the property.
Fences are designed to confine horses within a certain area of a property and provide protection against potential hazards such as plants and other animals. Suitable fencing prohibits horses from wandering into areas that are unsafe which helps to prevent horses from injuring themselves. For a fence to be effective to restrain horses they must be strong and tall. While hedges may be a good marker for boundaries, they are not as effective as a wooden fence because they take time to grow and are generally not as reliable. Fencing an entire property can be quite costly, so it is helpful to consider properties that have existing fences in place that are in good condition.
Owning equestrian land and looking after horses comes with its own unique set of challenges. There are many hazards in Florida that can pose a threat to your horses, such as gators, snakes, and weeds. It is recommended when investing in a ranch for sale in Florida to familiarize yourself with such hazards, especially ragwort, a weed that is known to cause death in horses. Once ragwort is present on your property, it is very difficult to get rid of and spreads incredibly fast. We recommend doing a thorough inspection of the property and surrounding areas to ensure hazards are not an issue.