When you choose to own a horse, you’re not just investing in a hobby, but an entire lifestyle. Riding and caring for your horses is not just a part-time activity, but a passion that is part of your daily life. If you’re a horse owner, you may want to consider buying a horse property with plenty of outdoor space for pastures and cultivate a home for yourself and your horses. If a horse property is something you are considering, read on to learn why now might be the best time to invest in one.
1. Interest Rates Are Low
At under 4%, home loan interest rates are at near-historic lows, making now an excellent time to become a homeowner in general and an excellent time for horse owners to purchase a dream home with outdoor space for pastures.
2. Asking Prices Are Down
If you are interested in horse properties, it is important to shop around for the best value. Now is a great time to find the perfect property that can meet yours and horses needs at a fair price. Over the last year, asking prices on homes went down 0.7%, compared to rents which went up by %5.
3. Homes Are Selling Fast
Luxury home sales, including those with outdoor space for pastures, are selling at an alarming rate. In fact, million-dollar homes in the U.S. are selling at twice their historical average. For this reason, it is important to act quickly when you discover a house for sale that is exactly what you are looking for. If you wait too long, you could miss out!
If owning a horse property is in your future, contact a real estate agent today to start looking for the home of your dreams!
