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Into the Future

1563 Views 22 Replies 11 Participants Last post by  twixy79
Talking to our bank (to get ideas for the future) we can actually get a decent mortgage (up to $165,000) without out breaking our backs to pay it each month. Ok that's fine we weren't looking to go that high but it gives us an idea.

The two of us have always wanted a smallish farm, me I love fresh eggs and miss the ones my step uncle would give us so I've wanted chickens. My fiancé wants a pot belly pig. If we aren't boarding I'd look at getting a pair of horses for the sake of companionship. I have talked to my sister about average cost of keeping a horse on property as that's what she once did. Something I'd be willing and able to do.

My only questions for you guys are:
~ Bare minimum of acres for a pair of horses?
- this way I know where our minimum is
- yes I know this may differ but just ideas

~ what type of fencing is lowest maintenance but best at keeping a horse safely contained?
- I've heard wood fencing can be pretty high maintenance which is why I'm asking
- again I know this is preference
- I've heard electric tape fencing is good but what voltage would even be best?

This won't happen for a few years yet, I'm not willing to break the lease which is a few years. Plus I'd like to put away money for the move down, first expenses (utilities and food) etc. I just want to get the ideas down to research. Which is another thing we are doing. We've got A half a page full of prospective places we'd like to go but aren't going to truly narrow down til the time to find a home is closer. I just like to research and since we want to bring animals onto the little farm I need to research that as well.
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I don't know what prices for horse properties are like in the Lexington area but it isn't the initial cost it is the yearly maintenance and land taxes you need to keep in mind.
Upkeep, repairs, upgrades of land, upgrade of machinery, upgrade of barns and buildings and all done on salaries of that locale and cost of living.
Buying virgin land {no buildings} is fine as long as you know what kind of home is permitted.
I guarantee you there are rules about it.
Some areas only allow site built, no manufactured homes, no trailer homes.
Buying a existing farm all nice and neatly done....:wink: you at least know taxes current and what needs improving immediately for your taste.
You really need to narrow down your area as Lexington KY and surrounding area is huge in pricing from million dollar equestrian estate homes to reasonable $200,000 and under small farm-ettes you search for and the property taxes that need paid yearly.
The tax base will also vary tremendously depending upon county of residence, foot-print of the house, amenities such as barns and out-buildings and more...

So, it isn't necessarily what is the "cheapest yet safest" in fencing but what is permitted by zoning laws.
Many areas do not allow electric fence, period. Nor do they allow barb-wire in many areas either, not that you necessarily want that with horses...
It also isn't what is the size recommended but what the zoning laws dictate about acreage required per horse and the zoning allowing horses and other livestock {pigs, chickens} as not all areas nor communities allow the "other livestock" you write of.
Because it is "horse country" means there are many rules in place already so the area stays rural to keep the horses in existence...

Sorry, not to be a downer but I am very realistic.
I recently built a home on land I outright owned for many years.
It was the zoning needing met that drove me nuts needing this, that and something else to meet county zoning getting around some things.
There are a lot of ongoing hidden costs...
I offer you good luck and go in with eyes wide open to the entire picture and demands you put upon yourself.
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