Maybe this is the first time you are considering buying farmland, a ranch, or equestrian property and you're wondering if Sedona is really the best place for that purchase. Surprisingly, there are a lot of equestrian ranches around the Sedona area including places like West Sedona and Big Park. Beautiful acreage, luxurious homes, or simple farmland is available depending on what you're looking for.
Recent listings in Arizona with farms totaling over 125,000 acres with a combined value of nearly $250 million definitely goes to show that there are plenty of ranches and equestrian properties available.
But it doesn't just include land with equestrian properties or ranches. Arizona has large fruit crops including cantaloupes, lemons, and honeydews and is responsible for about 15% of all lettuce grown in the United States. Most land applications for farms include livestock, orchards, and vineyards, along with farmland for grazing and crop production.
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So, how big of an undertaking is buying a ranch?
Owning a ranch is a lot of work, that's obvious, and it's not simply like owning a home with a large yard. Maintenance for animals and crops can consume a lot of your time and it may be your primary occupation. You first must to realize what goals you have for your ranch? Do you want it to be for recreation or agriculture?
If your ranch or farmland is to be used for recreation, it's important to find out what type of activities are appropriate and allowed on the land. This is more likely if the property has lakes, trails, and other amenities. Will guests be staying and what will you offer them?
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Recreational or Working Ranch
For a recreational ranch, you'll need to consider beautification as well. You'll have to make sure the land remains pristine and fixtures are well-maintained. If you're looking an agricultural or working ranch, there are different sets of requirements depending on what you want to produce. Crops and livestock have different conditions and may or may not be successful depending on what you choose to do with the land. How many animals your land can support and where they will graze as well as soil conditions and crops must be calculated carefully unless you're planning on buying an already working ranch. Buying a ranch that's up and running will help you bypass a lot of the set up.
There's also the total cost of buying the ranch and the amount of time needed to run the ranch. The initial cost obviously comes from buying the land and property but increases significantly if you're starting up the ranch from scratch and need equipment and materials. It's important to research and talk to people who've already owned ranches to find out what type of equipment you'll need and to build your budget with that info in mind.
Running a large ranch may be your full-time job. It's important to know how much time you want to invest in the maintenance and care of a working ranch. Will you have someone helping you or are you planning on tackling the job by yourself? If so, the size of the ranch will definitely be an issue.
Buying and operating a ranch is a great way to break out of the cycle of working in a cubicle, but it does require a lot of time, work, and effort and she require a lot of research before finalizing a sale.
Give us a call today for a complete and personalized list of homes and land that fit your search criteria and budget. We'd be happy to answer any questions you may have.