If you're like many people, you may have dreamed about buying a ranch. However, before you buy, be sure to take in all considerations. Each ranch is different. Your enjoyment, and potential profit, depend on knowing what you are getting into. Here are some things you must consider if you plan on buying a country ranch.
Do You Want to Run a Business?
Ranches don't run themselves, and animals need a lot of care and attention. If you want to buy a working ranch, then you are actually starting a business. And, like any other type of business, you should have a plan. This plan should spell out all the specifics of your ranching business.
For example, consider whether you are going to be hands-on and do most of the work yourself, or hire people to run the ranch for you. Many people hire others to run the ranch business while they use the property as a vacation retreat. You will also need to determine how many animals you want to have and how much land you need for those animals.
How Is the Water Situation?
Unlike more urban and suburban areas, rural properties rely on streams, lakes, and aquifers for their water supply. In some cases, water can be scarce or difficult to access. If your property doesn't have a natural stream or lake, then you may need to rely on the aquifer for your supply. If you do live on a river or stream, then your upstream neighbor's use may limit your water supply.
Are the Neighbors OK With a Ranch?
You may have a legal right to run a ranch, but your neighbors could have valid concerns. They may worry about ground water contamination, animal noises, and bad smells. They could file nuisance complaints and even lawsuits that will consume your time and potential profits. If there are no existing ranches in the area, then try to find out how the neighbors might feel about your plans.
Do the Local Zoning Laws Allow Ranching?
Even if you buy a large rural property, that doesn't necessarily mean you are allowed to set up a large ranch. Your property may not be zoned for ranches, or could have limits on the type and the number of animals you can raise. For example, you may have special restrictions if your ranch abuts a protected area or park.
Ranching is a serious business, but it can be very fulfilling, especially if you know what you are getting into. It's important to research your new investment so that you can ask the seller the right questions. Your real-estate agent can help you find the right land for your needs, like that from Michigan Whitetail Properties and other providers.