When purchasing a ranch property, the buyer should have a clear vision for what the ranch is going to be used for. The buyer will need to consider if the ranch will be a for-profit business, purely for recreational purposes or will there be some overlap of the two. A cattle or bison ranch will be used as a for profit business. While hunting, fishing and horse ranches can be bought for the purpose of recreation or a business component could be added to accommodate guest lodges.
This is the image that comes to mind when people commonly think of a ranch. This type of ranch requires large and extensive acreage and feedlots. Knowledge of the business is essential, as well as hiring people who can help work on the ranch.
This type of property has the appropriate habitat for hunting deer, elk or antelope. A hunting ranch will require a source of water and appropriate shade for the animals. It is important to continually maintain the perfect conditions for wildlife in order to preserve the quality of hunting.
A fishing ranch, of course, will have a water source on the property. This might mean natural streams or rivers for fly-fishing. Or a man-made lake that has been well-stocked.
This property has been designed for the horse lover. A horse property usually consists of a barn, riding trails, arenas, pastures, hay storage and horse stalls.
These properties, with their extensive acreage and privacy, allow high-end buyers to purchase a ranch that is usually located in a highly sought after resort spot. Buyers of this type of property might enjoy a bit of hobby ranching, while enjoying the relaxing tranquility of luxurious amenities.