Tips to Finding Wyoming Ranches for Sale with Recreational Potential
Don’t get stuck with the idea that you’ll just have to deal with cattle and play cowboy should you buy a ranch property. Recreational ranches are becoming a hot trend as of late, and that’s one bandwagon you should consider. Here are a few ideas that you should consider when looking at Wyoming ranches for sale that you can convert into a recreational plot of land.
Look at Size and Location
Size and location are should be one of the main considerations for just how much you are willing to invest into the property. The bigger plot, the more you can do with it. Travel time is also important not only for yourself, but for your potential clients. You want them to be able to relax, but not have to work too hard for it on the road to getting to your ranch.
You may also want to check with the local USDA Farm Service Agency to find out if the ranch you are looking at falls under any government program, or if you need to get it accredited elsewhere. This is important so that you’ll know just how much revenue-making potential there is in the property.
Think of Facilities and Activities
You may have to refurbish or improve the main ranch house to accommodate your visitors. Even the garages, barns, and stables may have to be spruced up. Look at the cost of building common areas if the property still doesn’t have one, but don’t rush into committing to it until you are sure of the need.
As for the activities, try to visualize what kinds you can do outdoors. Is there space for a campfire? Is there a lake within the property that can be used for water activities such as kayaking and fishing? What about an obstacle course? Consider horseback riding, too.
Seek Professional Property Brokerage Help
Purchasing a Wyoming ranch for sale is definitely a serious investment. That’s why it isn’t advisable for you to just shoot from the hip when doing this transaction. In fact, this is the very first thing that you should do once you’ve decided on buying a ranch: hire professional ranch brokers, like Mirr Ranch Group. They should be able to help you about anything and everything related to ranch ownership. This way, you can guarantee the security of your investment.
Is a Farm/Ranch Recreation Business for You? Wyoming Extension.org.
10 Points to Consider Before Buying Recreational Property. FCS Financial.