Getting Started With Your Eastern Pennsylvania Horse Property Search
The goal of Sellers and real estate agents of horse property (actually any property) is to get it sold for the highest and best price. The Buyer's job is to be clear about your needs and your ability to correct deficiencies.
The best way to begin is to sit down with all parties that will be involved in the purchase of the farm and make a list of what exactly you require on the property of must haves. For example, some may prefer the property to be in move in condition, meaning that the house, barn and fencing are in place and all you have to do is move right in with your horses. Others, may not mind a farm that requires some work. Then there are those Buyers of horse properties that would just like to have a house on acreage, so that they may build their own planned facility, which could also include building a new home from scratch.
When buying acreage with buildings already on it, Buyers should look for structural deficiencies. If suspicious damage is found to any of the buildings, it is strongly suggested to have a qualified engineer or contractor look it over to determine the severity and expense of repairing it, plus to determine whether or not it is a worthwhile investment. This step is similar to buying a used vehicle and having your mechanic check it out before buying it.
Make sure to find out information that is important to know such as: are there any underground storage tanks; what type of septic system is on the property; if any of the older buildings contain asbestos, etc. A good thing to find out is if there are any drainage problems on the property. If it is possible, drive around the farm after a rain to check out. The last thing you would want to find out after you own the property is that the horses are permanently in a swamp.
Buyers should consider checking out the condition and age of utilities on site such as power lines, water lines, gas lines, etc. These should all be in good condition and functional.
The buildings and the land should be also checked out for future expansion of house, barns, pastures, etc. Expanding barns would be less expensive to construct than building a new structure. Take into consideration if there is enough room on the land to add other buildings such as an indoor arena or to fence in more pastures.
Of course another important point is to check with local zoning office to see if what you are considering on doing on the property is permitted and what the restrictions are, if any.
If possible, opt to work with a real estate agent who is a knowledegeable horse person. They are familiar with horses' needs and would be able to assist you in your search.
Once you know that the farm meets your needs, then go ahead with purchase.