So, I have been leasing my horse for a year now with the possibility of owning at a later date. I am out of school, got a good job, and will be getting a quote from my barn manager with all the expenses- at least the planned ones, not including emergencies- for owning the horse.
So, I am going to run down stuffs here, and if you experienced people can look over and give advice/add stuff/correct things/point me in the right direction, I would appreciate it
Info on the horse- 18 year old quarter horse who is a lesson horse- and has been my lesson horse for a couple years. During our lease, we have bonded a bit, and things are going rather well. He actually walks up to me in the field.
The horse will be a good horse for what I want- mainly just riding- I work on dressage, but I am not that good at it- improving, but would never really amount to a refined dressage rider. I'd say I am more of a pleasure rider- work on stuff to get better, but I don't really plan to show ( if I do, its the very basic level). No interest in jumping or anything really strenuous- just groundwork and trail riding.
Info on me: I rode on and off my life, just when I though I would have no opportunity, found a place I can get lessons in exchange for mucking out stalls. Been there for 4 years. The last year I have been leasing this horse. I have a fiancée, who likes the horse, but doesn't ride ( he is scared of horses, but came a long way with the horse I lease- I catch him talking to the horse and all) He will help out if needed- with helping with the horse or financially- however, I want to price things out so I can afford them. I am logical with horses, but would be new at owning.
What I asked for pricing was for horse maintenance ( no tack, equip, or emergencies):
board- I will have to ask if this includes his feed and all for sure. I think it would... but just to make sure. the horse gets a stable and turn out with that, and the place has an indoor and outdoor ring. I am asking for full care board ( I have a basic idea of what it is from another boarder)
feet trimming ( horse is barefoot- he did have front shoes when I first came to the barn about 4 years ago, but didn't need them in years, but it's something I'd keep in mind if he needs them again)
dental work- she said once a year
2 vet visits- this is for the yearly shots and all. BO said the horse usually only needs the 1 visit, but for price wise, I am factoring in the second.
worming- my BO does the worming, I am sure she'll still worm this horse, but i'd buy the med and pay her to do it ( or she can teach me what to do)
What else should I plan on factoring into a yearly budget for a horse? ( will be calculated for a year cost, then divided by 12)
I have a Bitless bridle, and I am sure the BO will let me use a saddle until I get my own. The horse also has a regular bridle with a bit I am sure I can use ( I only use a bit bridle in lessons when she wants me to work with one) *Bare in mind, I flat out told the BO when I asked for pricing for the possibility of taking over his ownership the horse could still be used for lessons- its a small lesson place and I don't want to make her be one horse down- therefore, I am sure I can use her tack until I get my own saddle.
I will need:
I want a new halter ( leather break away)
I want some lead lines
I have a tack box with the basics- need a few more items for basic groom care. I will have the rest I need before summer ( Just need a mud scrapper and some brushes)
There is a med cabinet I/we use for if some scratches come up or for prevention. I've contributed materials to it, and so does she. I will get my own tho- betadine, antifungals for if he gets scratches ( this horse loves water...lol), stuff for rain rot, diaper rash stuff to prevent scratches. Anything else I should have in a med cabinet?
Another main thing: blanket for winter. The horse has one right now. And I could always ask to buy it from her or get my own. My BO is cool, she isn't gonna want me to buy pointless things, so since he already has one, may not have to buy another. But it will be a factor to possibly consider.
What else needs to be added on?
I do have money in an account for emergencies, plus I have credit cards ( I don't want to rack up CC debt, but if I need to make immediate payment, can put it on the card, then pay the card off)
I am also looking into insurance for the horse, but have to really talk to someone about that- I don't know if the horse being used in lessons would effect the insurance or not.
This whole lease deal was set up for when the BO sells the place. I don't have a time frame, but she is staying one more season. I asked to think about me owning the horse this summer so she will for sure still be there for a little bit in the beginning. She could stay 5 more years for all I know, or this is her last season- but I would feel more comfortable if I started out the ownership with her still here. She feels I am competent- she seen me work with the horse, I don't do anything silly and am pretty safe with the horse.
I gained a lot of experience since being at this barn. I always loved horses, and never thought it would be possible to own a horse. Things are starting to fall into place and the possibility to own this horse is there- considering I can afford it. I do have to wait for my college loans to come due to see how much I am paying a month ( total loan is like 12k- not too much).
So, if anyone has anything to add or any tips or warnings, please let me know. Don't sugar coat it- tell me flat out. I want to know the concerns of getting into horse ownership- I already know the joys of it...lol- but I want to be prepared for it the best I could.
thank you for your time!