Ready to Go Rural? Tips for Finding the Right Ranch Property for Your Needs

Moving to a ranch might be your next life dream where you can enjoy nature and a relaxing lifestyle.

But be sure to do your research first. Here are some things to keep in mind when shopping for a ranch home.

Look at the Location

As with all real estate, location is an important consideration. Since ranches tend to be rural properties, think about the amount of commuting distance to a job or local amenities like supermarkets or area businesses.

Ideally, you would want a property that will appreciate in value over time, so check out the neighboring properties for an idea of realty value now and in the future.

Ranches may not sell as readily as a regular house due to the extra land that typically comes with it along with possible outbuildings.

Consider if It’s Move-In Ready

Due to extra features like fencing, barns, sheds, and waterways, in addition to the home upkeep, you may need to consider the amount of work that is needed before you can move in, which could be extensive.

Fixing up a house is one thing, but updating large outbuildings can be expensive and time-consuming.

Decide in advance how much time and money you can put into renovating an older property.

Think about upcoming repairs and upgrades that may be needed as well.

Think About Maintenance and Repairs

In addition to repairs and renovations to a ranch property, look around to see what type of maintenance will be needed.

The house may need work, so check that first. Then inspect any outbuildings for an idea of how much cleaning or maintenance will be needed over time.

For example, if there is a barn, is the roof in good condition? Are the stalls ready for animal use, and will they need eventual updates?

What is the condition of the yard, paddock, corral, and natural areas like trees and ponds or streams?

Is flooding a risk that would require significant land cleanup?

Even if everything is in peak condition, consider how much work you’re going to have to do to keep it that way.

Will you be able to keep up with all of it?

Learn About the Buying Process

There are several aspects to think about when you start the ranch buying process. Insuring the outdoor structures and livestock or pet animals should be factored into the equation.

Your lender or real estate agent can explain mortgage options that will work with your budget and cover upfront expenses for updating the property if needed.

Taxes and insurance can also be discussed so that you will know the type of monthly mortgage payment to expect.

Ranch living is an exciting lifestyle, but it requires a lot of planning too. Before you buy a ranch property, do a careful assessment of the property’s needs and benefits.

Tags: Buy a Ranch, Ranch Property, Rural

Category: Housing