|
|
 Tried and True
Posts: 21185
   
Location: Where I am happiest | I would really like everybodys input. When you are looking at acreages,horse properties, what is most important to you? What weighs the most in your purchase decisions? Is it the house? The way the property is layed out and the barns and fencing? How willing are you to put the work in a place to get it where you want it or are you most likely to buy completely turn key move in ready completely updated house even though the price would be quite a bit higher with all the updates done?
Reason I ask.....my husband and I are getting ready to list our house. The property is completely fenced. Dog safe all the way around the parimiter. No dog is getting out or stray dog in. All the horse pasture, round pen, arena is 4 rail pipe fencing. We have 2 seperate horse barns. 1 enclosed raised center isle barn with 4 stalls, no paddocks and then a 1 year old 6 stall shedrow style barn w/ 6 matted stalls and paddocks off each stall. Then we have a brand new ( less then 1 year old ) Hay barn, equipment parking w/ the back roofline extending into the pasture for shade/shelter. We have put drain fields along the shedrow barn and paddocks and brought in massive loads of gravel. We have NO MUD anywhere and my horses have No mud what so ever in their paddocks or any where around. I ( as long as we dont have snow lol) can go out and do all chores in the dead of winter no matter how much rain or snow melt we have had and wear tennis shoes. However, this property has 2 houses on it. The mother in law house we have gutted the inside so it is unfinished, and the main house is older and definatelly not updated. Wondering how much we really need to do to get it sold. Would you buy turn key very nice horse property if the houses needed work for a reduced price, or would you rather buy all completly updated but then property would be substantially higher. If you did the house yourself, property value would increase min. $150k.
|
|
| |
|
 Midget Lover
 
Location: Kentucky | I would buy. But my husband remodels houses for a living, so if the price was good, then yes.
I looked for acerage, layout, and pasture vs. wooded areas. Our place was a foreclosure so it was a total remodel. We also had to build a barn and fence (still working on fencing). |
|
| |
|
Tried and True
Posts: 21185
Location: Where I am happiest | We have 2 pastures. All pipe fencing. They have been seeded with pasture mix 4 years ago. Very established pasture grass and irrigated. I am anal about my pastures. They have never been over grazed, my horses are not allowed out there in the winter as they would just tear it up and creat mud in the high traffic areas. We drag our pastures to break up manuer in the fall when we pull horses off and mow so they are primed and ready for spring growth. Then I let the grass get a good head start like 6 to 8 in. of growth before I start putting them back out in later spring during the day only. They all come in at night. |
|
| |
|
 Party Girl
Posts: 12293
Location: Buffalo, Wyoming | We have been looking and we actually want some what of a fixer upper. Our biggest thing is the land and water. Everything else I think can be fixed up.
|
|
| |
|
Elite Veteran
Posts: 1028
| A fixer upper house would not run me away at all. Land and location were most important to me. I've had to redo fencing, plumbing, siding, you name it, and I'm still in love with my place. |
|
| |
|
 Elite Veteran
Posts: 746
Location: Missouri | Land and outbuildings are most important to us as well. We have looked at several than the "land lacked" and have passed them up even though the house was great. |
|
| |
|
Expert
Posts: 1446
Location: California | I would buy that in a heart beat. But up in the NW in the area I live, that would be a $300,000-$400,000 place, as is, unfinished second house and all. |
|
| |
|
Midget Lover
Location: Kentucky | *almost there* - 2015-01-28 1:43 PM I would buy that in a heart beat. But up in the NW in the area I live, that would be a $300,000-$400,000 place, as is, unfinished second house and all.
Same here. Land is $15,000 an acre in my county. |
|
| |
|
Tried and True
Posts: 21185
Location: Where I am happiest | *almost there* - 2015-01-28 12:43 PM I would buy that in a heart beat. But up in the NW in the area I live, that would be a $300,000-$400,000 place, as is, unfinished second house and all.
We are in a very desirable area. Rural, but yet only 4 miles from town. We are surrounded by $500 - $700k properties for a house and 5 acres, no barn and no irrigation water.. We are looking at $350. ? |
|
| |
|
 Ima Fickle Fan
Posts: 3547
Location: Texas | I swear we have bought both our places for the barns... Houses always seem to be a work in progress. So for what you described, that would be a bargain given the potential it has. |
|
| |
|
 Expert
Posts: 2276
Location: ohio-in my own little world with pretty ponies :) | We bought our place last may and we were looking for a good barn with enough room for stalls and hay storage and pastured areas or a good layout to do that ourselves. Our house isn't updated but we plan to do little by little. It's a nice little fame house but could use some upgrades. We ended up buying a cattle farm. Almost all of our property was fenced in with 4 separate pasture areas. A large enough barn for 5 stalls and a smaller barn to use for hay storage.
If your place was something I was looking for (property) wise. I would do the work to the homes.so I guess I'm saying we bought mostly for the barns.
Edited by lexyy12 2015-01-28 12:58 PM
|
|
| |
|
Tried and True
Posts: 21185
Location: Where I am happiest | I unfortunatelly dont have many pics at all but these will give you somewhat of an idea.
Shedrow barn. https://www.facebook.com/photo.php?fbid=10201241848911956&set=a.10201241842631799.1073741826.1343506975&type=3&theater
Hay barn. https://www.facebook.com/photo.php?fbid=10202576943888496&set=a.1911978802857.2100305.1343506975&type=3&theater
https://www.facebook.com/photo.php?fbid=10202519195764829&set=a.1911978802857.2100305.1343506975&type=3&theater
Pasture https://www.facebook.com/photo.php?fbid=10200898131919246&set=a.1911978802857.2100305.1343506975&type=3&theater
https://www.facebook.com/photo.php?fbid=10200187309229123&set=a.1911978802857.2100305.1343506975&type=3&theater
|
|
| |
|
Tried and True
Posts: 21185
Location: Where I am happiest | I unfortunatelly dont have any pics of the houses on the computer. Main house is well built, kitchen, dining, living room, 2 bathrooms, 2 bedrooms and laundry/mud room upstairs then downstairs is 2 more bedrooms and living room. I painted the kitchen cabinates, but new flooring it needs, and the walls in the upstairs has 1970's paneling and high/low carpet. lol. BUT, under that carpet is origional hardware flooring that at least in the corner we pulled up looks to be in great shape. |
|
| |
|
Party Girl
Posts: 12293
Location: Buffalo, Wyoming | ThreeCorners - 2015-01-28 12:11 PM I unfortunatelly dont have any pics of the houses on the computer. Main house is well built, kitchen, dining, living room, 2 bathrooms, 2 bedrooms and laundry/mud room upstairs then downstairs is 2 more bedrooms and living room. I painted the kitchen cabinates, but new flooring it needs, and the walls in the upstairs has 1970's paneling and high/low carpet. lol. BUT, under that carpet is origional hardware flooring that at least in the corner we pulled up looks to be in great shape.
Is this the same place Ed had before you got married? If so, it is in an awesome place and you should be able to sell it fast as is. |
|
| |
|
 Namesless in BHW
Posts: 10368
Location: At the race track with Ah Dee Ohs | ThreeCorners - 2015-01-28 12:48 PM *almost there* - 2015-01-28 12:43 PM I would buy that in a heart beat. But up in the NW in the area I live, that would be a $300,000-$400,000 place, as is, unfinished second house and all. We are in a very desirable area. Rural, but yet only 4 miles from town. We are surrounded by $500 - $700k properties for a house and 5 acres, no barn and no irrigation water.. We are looking at $350. ?
I would buy for sure...AS IS. But I think you'll a little on the low side price wise. |
|
| |
|
 Unknown Drip
Posts: 5624
Location: Back in MT BABY!!! | total performance - 2015-01-28 12:35 PM ThreeCorners - 2015-01-28 12:48 PM *almost there* - 2015-01-28 12:43 PM I would buy that in a heart beat. But up in the NW in the area I live, that would be a $300,000-$400,000 place, as is, unfinished second house and all. We are in a very desirable area. Rural, but yet only 4 miles from town. We are surrounded by $500 - $700k properties for a house and 5 acres, no barn and no irrigation water.. We are looking at $350. ?
I agree...I think listing at $350 in a neighborhood with that kind of property is way to low...espically since you have water rights. |
|
| |
|
| I've bought 3 properties in different areas in the last 8 years. I cannot spend over $200k for property so it has involved lots of looking before I find something satisfactory for me and the horses. First, the land has to be good for the horses and lay right, fences, shed or barn, water. then the house has to be relatively decent. Does not have to be new but in good shape. I don't mind doing some work if the basics are there. The really important things are to have the place, all of it, cleaned up to show. You would not believe the stuff I looked at - OMG! Trashy pastures, falling down barns, no grass, 5 big outbuildings left over from a big farmstead, but now only 5 acres. I called those the 6 acres with 5 acres of buildings! I've purchased from 3 to 30 acres.
I don't think people are as turned away from fixer uppers if it is the right kind - more cosmetic type of stuff and not rebuild the whole thing cause it's an eyesore and falling down. Really watch the shows on tv to get ideas for getting a place ready to show. Make it squeaky clean, and cute - as turn key as possible without sinking a fortune into it.
Good luck. |
|
| |
|
Tried and True
Posts: 21185
Location: Where I am happiest | We also have a 50 ft roundpen, and the outdoor arena is 150 x 300. |
|
| |
|
 Good Grief!
Posts: 6343
Location: Cap'n Joan Rotgut.....alberta | i wouldn't be deterred at all, i would snatch that up in a heart beat....
m |
|
| |
|
 Veteran
Posts: 164
| I'm a realtor. Sounds like a wonderful property. Only caution I would have is make sure the ADU is in financeable condition before you sell. Either fully finished to a house or deemed "addl storage" Typically if it's somewhere in-between, it's hard to finance. If you have any questions, let me know. |
|
| |
Folks on-line