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Looking into buying a barn, please read and help

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  • Looking to buy a barn

 
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    12-14-2010, 01:11 AM
  #1
Green Broke
Talking Looking into buying a barn, please read and help

Hi I am looking into buying a property with a barn and arena and pastures ect.

Im wanting a bigger barn (20+ stalls) and am needing to know how much does this cost for a boarding place?

Its a great time to buy cause of the economy, foudna wonderful cheap place 18 acres, 30 stalls, indoor and ourdoor, 3 tack rooms, pastures, 3 bedroom/3bth house, 3 carports and a garage/workspace

Needs fixing up, new paint new wood here and there, probably new arena footing, you know how it is with older un kept barns!

I will be looking to build off of it, paddocks and hot wash rack, round pen, trails ect

Barn owners here is what I need to know:

Cost for bedding, electric bill, water bill, insurance, ect

I will be using it as a boarding/training barn.

I probably ownt be buying the lot but looking to get somthing like it or smaller and build up in time!

Thanks!!
     
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    12-14-2010, 02:33 AM
  #2
Green Broke
Exclamation

Comon I need this info!!!
Help me out
     
    12-14-2010, 03:32 AM
  #3
Started
I think, unless someone owns an almost identical property, AND in your area, nobody would be able to answer your questions. Every area is different. Hay cost, electric costs, insurance costs, how much boarders are willing to pay etc. All different, according to where one lives.

Lizzie
     
    12-14-2010, 09:46 AM
  #4
Green Broke
Look in teh phonebook and call around for prices on bedding and feed. Call teh utility company and tell them you are looking at the property and they will tell you what the bills have been running. Call an insurance company and get a general quote. If you can't figure this stuff out I doubt you could run a business
     
    12-14-2010, 09:50 AM
  #5
mls
Trained
Quote:
Originally Posted by FeatheredFeet    
I think, unless someone owns an almost identical property, AND in your area, nobody would be able to answer your questions. Every area is different. Hay cost, electric costs, insurance costs, how much boarders are willing to pay etc. All different, according to where one lives.
Exactly. There are no hard and fast numbers.

Success also depends on atmosphere. You can have the best facility, top notch feed but if you staff, trainers, boarders are divas - no one wants to board there.
     
    12-15-2010, 12:53 PM
  #6
Yearling
Your looking at over 750,000 for a facility
     
    12-15-2010, 10:21 PM
  #7
Trained
I'm still just dreaming about my own place, but just check around with a few insurance companies for that cost. It varies so much area to area, so only you can get that figure. It is a fantastic time to buy. Wish I was ready to do it. Are there other barns in your area you can talk to about costs? They'd be able to get you the most realistic figures.
     
    12-15-2010, 11:02 PM
  #8
Started
I know of a fabulous place in Missouri. My friend Wendy is selling it. The entire property, house and barn, are always kept in pristine condition.

Homes for Sale in New Haven, Missouri $780,000

Lizzie
     
    12-15-2010, 11:07 PM
  #9
Trained
$780,000 for all that??? I gotta get out of the overpriced northeast. That would be a few million around here.
     
    12-20-2010, 03:38 PM
  #10
Yearling
Wow, I wish I had 780,000 that place is gorgeous! I would say everything depends on your area. Then you are going to have to add everything together and figure out what to charge your borders and you are going to want to keep it reasonable or you aren't going to get any. Its a really hard thing, plus you may find that you are not going to have a full barn all the time which may cause you to up the board on the people already boarding there. And you are also going to have to pay for staff to run a facility that big. Riding instructors and stable hands and probably a stable manager and those start out at at least 12 and hour. Plus insurance, which I'm sure is not that cheap. It is a pretty costly thing, but if you can save money on buying a place you can put that extra money into everything else. Its kind of a gamble sometimes.
     

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