Colorado Ranches for Sale: Why Young Buyers and Retirees Alike Invest
The farm and ranch real estate scene in Colorado has truly evolved over the decades and more strikingly in the recent years. Before, people would only associate these properties as investment opportunities for agriculture entrepreneurs. At present, however, you see a lot of buyers who are interested in making one of the lovely Colorado ranches for sale as their home.
Affluent Ranchers: In It for the Amenities, Possibly for Profit Potential
Typically, the relatively young buyers of ranchlands are those with an already-high net worth, which means they wouldn’t need to depend on their property’s lucrativeness. They generally look for ranches that are more on the luxurious side—those with modern cabins and residences, facilities for leisurely activities like horseback riding and fishing, and naturally wonderful sights. They also ensure that the property they’ll be buying can be easily upgraded or renovated to suit their lifestyle better (e.g. converting one building into an office with high-speed internet access for their business).
There are others who also see a future of growing their wealth through their ranch. They might be planning to set up a cattle business, a dude ranch, or a fly fishing farm someday, so they can add it to their asset portfolio; however, they are mainly drawn by the peaceful country life that the West offers, which they intend to enjoy for some time before transitioning into a conventional ranching business.
Retirees: Veering Away from the Stereotypes
On the other hand, there are some older baby boomers or seniors who want to spend their retirement in a scenic environment away from the urban jungles and touristy places. In fact, Bankrate rated a couple of Rocky Mountain States (with Colorado at number 2) highly in their list of the best places to retire (much higher than retirement place stereotypes like Florida and Hawaii) because of their manageable costs of living, quality health care, and admirable community well-being.
The Idyllic Lifestyle
Of course, the lifestyle that you can have in a ranch through its amenities might be the main factor that can urge you to buy the property. There are some attractive ranches for sale in Colorado such as the properties offered by Mirr Ranch Group that can serve as a luxurious residence and provide various opportunities for outdoor recreation. You could enjoy charming and cozy quarters during your rest days and even spend a whole morning or afternoon in your private fly fishing or hunting area. You could be close to the ski resorts or the main roads leading to the city, too. Talk to a reputable broker to explore your options and find the property that has everything you want in a dream ranch home.
The New Breed of Ranch Owner, Colorado Young Farmer
States ranked from first to worst on retirement, Bankrate
How to Buy Ranch Property, SFGATE