3 Major Considerations When Buying an Equestrian Property

July 01, 2020

Getting ready to purchase an equestrian property is an exciting time.

In anticipation, it is crucial to understand every bit of the equestrian property before you invest your hard earned dollars – whether you are a serious competitor, back yard owner, or want to run your own equestrian business.

To provide expert insight, we are joined by Shannon Gilmore from Washington Fine Properties. "With over 16 years in real estate she takes an individualized approach to each transaction, tailored to her clients’ unique needs and specifications." Shannon provides her clients a deep seated knowledge of equestrian properties as she owns her horses and is also a VADA Member Virginia Dressage Association.

Whether you are in the market for your first property or closing on your sixth property, here are 3 major areas to consider before writing an offer or starting the search:

SIZE AND LOCATION

1. How much acreage do you need? Ideally 2 acres per horse, although horses are kept successfully on small acreage all the time. NOTE: If buying less then 5 acres check with your local Cooperative Extension / County to be certain you can have horses and review any requirements like a farm plan.
2. Does the county zoning allow for the keeping of horses? Do not assume because horses are there now that it is allowed or grandfathered.
3. What condition are the fields in? Is there an adequate number of paddocks? Does property allow for rotation or a sacrifice area?
4. Is there any benefit that allows for a tax break such as land use or conservation easement and can you continue the activity? (i.e. Haying the fields, boarding, etc)
5. Does the property suit your discipline and desires? (i.e. Can you add a ring? Indoor? Or is there available ride out?)
6. Is the property accessible for trailers, deliveries, and parking?
7. Consider Proximity to the home. Can you see the horses from the home? How close do you want to be to the barn?
8. Water Source – water well or town? Automatic waterers or frost-free hydrant and troughs? Is water accessible to all paddocks? If troughs, can you get a cord to them to heat them in winter?
9. Who will do the mowing, weed whacking and with what? Where will you keep it?

BARN & STABLES

1. What is the condition of the existing barn structure? Clients often purchase a horse farm only to learn that their existing barn has plenty of work ahead of it. We have seen everything from termites to post beam construction that has aged. Have a professional inspect the condition of your entire horse barn before a purchase.
2. What is the condition of the horse stalls? What material are the horse stalls made out of? Do the horse stalls have tongue and groove lumber that is in good condition? Is the steel and powder coat finish maintained properly?
3. Is the existing barn layout suitable for your horses and your intended purpose? Each horse is unique in its temperament, behavior, and needs. Although a horse barn may look beautiful, it may not be suitable for your intended purposes or your particular horses. Be sure to understand the size of the stalls, aisle space, and overall design and function of the barn to make sure that the barn will work for you.

FENCING

1. What is the condition of the fencing? What type of posts ½ round, full round? Are the posts holding up? Are the boards maintained?
2. Do you have enough fenced area and paddocks?
3. What is the cost of fencing? In our market area fencing runs between $8-12 per linear foot depending on type and another $2 per foot to paint it black. There are some programs available to protect the water shed if you have ponds or creeks so be sure to check on that.
4. Are the gates in working condition (i.e. can you open and close them)?
5. Do you have a way to keep your horses off the road should one get out (i.e. as a gated entrance)?
6. Do you need a riding ring? Is that fenced or open? What are your needs based on what you like to do?

Owning a horse property can be a wonderful experience. Everyone’s needs are different so consider what you want, what you can live with, and maybe what you will add later. I currently live with my 3 horses Bella, Nikki, and Blue in Philomont Virginia where I sell residential property and yes, horse farms.

Have more questions? You can directly get in touch with Shannon Gilmore at Washington Fine Properties website.

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