For many homebuyers in Kentucky, owning a horse farm in Lexington is a dream. With the city’s sprawling properties and lush pastureland, there’s no better place to buy a horse farm than here.
Although this is an exciting time, buying a horse farm can sometimes feel overwhelming. With so many aspects to consider, it’s difficult to know where to start.
To make your real estate experience as stress-free as possible, here are the answers to frequently asked questions about horse farms:
Why Buy in Lexington, KY?
Lexington, Kentucky attracts tons of equestrian breeders, boarders, and enthusiasts every year because of its incredible real estate, amenities, and events that cater to the industry.
Lexington holds the title of the horse capital of the world because of its involvement with everything to do with horses. The city hosts events and competitions throughout the year that bring visitors and horses to the city from across the country. What greater privilege to own a horse farm in this world-renowned city?
Outside of the horse related events and competitions, Lexington is an overall outstanding place to live. There are plenty of great employment opportunities, schools, and shopping centers. The downtown core is peppered with boutique stores and trendy eateries, making it a lively place to live.
It’s so easy to fall in love with everything Lexington has to offer.
What Makes Lexington’s Horse Farms So Great?
When pioneers first settled the area, they nicknamed Lexington the “land of milk and honey” for its fertile soils. Limestone nourishes the land and makes it extremely fruitful, so fields of bluegrass thrive. The bluegrass makes the area a paradise for horses who graze on it throughout the day.
Another great aspect of Lexington farms in their size. Horse farms are typically large, ranging from 10 acres to 450, so you never have to worry about being short on space.
Many of the horse farms for sale in Lexington have incredible facilities and amenities, like barns, equipment storage, and even arenas. This gives buyers plenty of options when searching for a property.
A property that’s both substantial in size and fertile by nature seems too good to be true, but this is the reality in Lexington! There are so many reasons why Lexington horse farms are so amazing, it’s impossible to list them all.
What Should I Consider Before Buying a Horse Farm?
Before settling on a certain horse farm, consider your long term goals. You may think you only need a few acres at the moment, but in a few years, you might want to expand.
You need to make sure you have enough land so your property can accommodate your future goals. If you eventually want to build an arena or an extra barn, you’ll need a significant amount of space.
How Much Land Do I Need?
A rule of thumb is that you need four acres of land per horse. Of course, this is not a strict number—you can have more or less—but it all depends on how you want to maintain your horses. Four acres is a good amount of land for horses that graze the pasture for around 80% of the day.
The amount of land you need also depends on what you’ll be using it for. If you train sport horses, you’ll need a property with nice facilities, like arenas and barns, but you may not need acres upon acres of land.
What Facilities Do I Need On a Horse Farm?
Barns, feed rooms, and manure storage areas are all important facilities to have on any horse farm. Depending on what you’ll be using the farm for, you may want to have a horse arena and an equipment barn.
When buying a horse farm, talk to your real estate agent to know exactly what facilities are on the property.
What is My First Step When Buying a Horse Farm In Lexington?
The first step we tell all clients when they decide to buy property in Lexington is to get their financing in order. Before you even start looking for farms, visit your banker or mortgage broker to get pre-approved for a loan.
A mortgage professional will analyze your finances and determine exactly how much a bank will loan you for your mortgage. Once you know this number, you know your budget. Your budget will help you and your real estate agent find a home that fits within your means.
Why Hire a Buyer’s Agent?
When you decide on buying a horse farm in Lexington, we always recommend you get a buyer’s agent. Real estate agents have connections with other professionals in the industry, so they can help you find exclusive homes and properties. They can help you refine your search so you only view the properties that suit your lifestyle.
Once you’ve found the ideal horse farm, your agent will negotiate with the seller on your behalf to get you the best deal possible. Afterwards, your agent will handle all the paperwork so you can enjoy your new property!
With a buyer’s agent, all the stress that might come with buying a home is alleviated.
What Should I Look For in a Horse Farm?
When viewing a horse farm, it’s important to keep your eye out for certain features. One of the first things you should look for is a safe fence. Make sure the fence is well constructed and has “no climb/predator” wire. This is to ensure your horses don’t escape the property.
Also, look for properties with good drainage systems. This is to make sure your horses and grassland stay healthy. Look for land with a natural slope, but is flat enough to build upon.
Should I Hire an Inspector?
We tell all our clients to hire an inspector before buying the home they're interested in. It’s always a good idea to know if the property has any issues or repairs that need to be taken care of.
Your inspector should specialize in horse farm properties, so they know exactly what to look for in all areas of the property.