Owning a ranch or horse property in Colorado can be a very rewarding experience. If you are willing to put forth the responsibility and commitment, many ranch owners find that they benefit both physically and mentally. It’s important to have a clearly defined goal and reasons why you want to own a ranch or horse property.
It’s important to research the location of your property. One way to do this is to speak to the locals and study up on water issues. Notice the proximity of the property to landfills, prisons or anything else that might affect your investment. Even getting to know your neighbors and have a clear idea about what their ranch is being used for will create peace of mind in the future.
As mentioned before get to know the law surrounding water rights or hire someone who does. If you are going to be buying a working ranch, you will need to have an ample supply of water to operate your ranch. Secondly, educate yourself on mineral rights. In the state of Colorado, mineral rights must be disclosed in each contract or perhaps the previous landowner never retained these rights. It’s important to know up front in case mineral deposits are discovered on your property.
Keeping yourself abreast of these simple guidelines, will ensure that you and your family enjoy your ranch or horse property in Colorado for years to come.