Saddling Up To Buy Some Stables?! Listen to our experts...
Category News
Whether you're a first-time buyer or looking to move from a small holding to your first luxury stables, purchasing an equestrian property is a serious undertaking. We spoke to LWP Properties founder and fellow equestrian enthusiast Natalie Sanders about the 6 questions she asks to make the process more successful, from start to beyond the finish...
1. What are your goals?
Being clear on why you're purchasing an equestrian property can prevent headaches down the line. Saying, "Well, we want a place for our three horses and maybe some retired ponies down the line" (because we all know they never leave) could result in you choosing a property that's too small, or one that's too large and difficult to maintain.
"Try be specific about your plans, including any applicable business models for boarding, training, layups, and the like," says Natalie. "We ask potential buyers about their wants, goals, and needs, and important information like the number of horses you'll be (INTENDING!) on keeping on the property, because this affects where is best."
"We have an unusual number of first-time buyers, which makes it a great time to get your equestrian property evaluated by us - many people are wanting to have more space and remote work capability in 2022, and the convenience and bucketlist-dream of having our beloved horses at home is part of that."
2. The dreaded question... What is your budget?
This is not just for the property - like with owning a horse, there are ongoing monthly costs when you are looking at smallholdings. We love your enthusiasm, but we really want to help buyers be realistic!
"It is essential to know your numbers and anticipate other costs - we can hello clients figure out cash flow and determine if their property will need to generate income, in which case a cottage is ideal," says Natalie.
3. Of course - location! Where do you want to be?
Did you know that Kyalami has one of the highest densities of horses in the WORLD? Just another reason Natalie says she loves living and selling here! Other reasons we urge buyers to consider Sun Valley, Waterfall, Blue Hills, Saddlebrook, Beaulieu and surrounds are these advantages:
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Vets and farriers close by
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Close to convenient hacking and show venues
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Easily accessible to modern amenities, like schools and hospitals
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Horse-loving neighbourhood community
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Excellent support systems close by
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The best of both worlds with modern utilities being available
4. Are you familiar with estate or area zoning laws & regulations?
To maximise and futureproof your investment, you need to know what is and isn't allowed on your future property, from the right to drill a borehole, and if the estate allows certain structures, fencing requirements, security, waste removal, preservation of natural habitats, a capability for expansion, and - of course - the maximum number of horses you can keep on the property. Plus, if you want to run a commercial venture such as a livery yard or show venue, can you do so?
Use of the property will also depend on how it is zoned and how much flexibility you have to change its current function. Buyers should perform their due diligence when investigating the legal aspects of owning a horse property, or choose a real estate agent who can answer all these questions for you.
5. Condition of existing structures
An equestrian property that already has existing structures in place is perfect for first-time buyers, PROVIDED they are in good condition or the price (and energy) allows for renovation. A professional inspection by someone who is experienced with horse properties is essential. Be sure to check the following thoroughly:
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Owners' residence
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Security
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Living quarters for staff
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Cottages
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Stables
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Indoor or covered arenas
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Breeding facilities
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Tack room
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Teff sheds and outbuildings
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Garages
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Storage areas
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Paddock and pasture shelters
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Arenas
All buildings should be structurally sound and safe.
6. It's like a marriage: Consider the long-term potential!
If you plan on living and/or working on your equestrian property for more than a few years, which most people do, you must assess its long-term potential in relation to your personal goals.
Will zoning permit you to expand if your business grows? If you intend to raise a family, will the home be large enough? Is it suitable, or can it be modified, if you intend to retire there?
There is also the issue of the surrounding areas: "You don't want to buy a gorgeous property only to have the lots around you become overdeveloped, which could bring your property value down," points out Natalie. "When doing property research, LWP Properties takes the time to see what the zoning is like around properties, and what kind of development projects are planned, if any, for the neighbourhood."
Natalie's Top Tips:
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Set your expectations at the start, and don't be in a rush to settle.
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Consider a little bit of work for a nicer price - this also gives you a chance to make it your own space.
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Work with an expert - buying an equestrian property is not the same thing as buying a house!
Author: LWP Properties