A common query from property owners looking to invest in equestrian facilities is that whether investment will increase the value of the property by the amount of expenditure. The answer is, be clear in your mind about the potential buyer and then plan your investments accordingly.
Try to find out the USP for your business or the special advantage that your property has. Like, if your property has 4 acres but situated close to a commuter station and a school, then investing in equestrian facilities to support children at Pony Club is likely to be the optimum investment.
On the contrary, if you have an equestrian business spread over 100 acres and next to a racecourse, then securing planning permission for private gallops or indoor school should be an idea to consider.
How to add value to your equestrian property in five ways?
1. Secure planning permission
You can add to property value by gaining planning consent for additional accommodation for a granny or tenant. It is not straightforward to apply for residential permission, but a real good case certainly has a chance. Similarly, you can also look for an indoor or outdoor riding surface after planning permission. Planning approval has a validity of three years if the conditions remain same. You can also keep conditions updated so that the permission does not lapse.
2. Invest in land
Area of land is what attracts the attention of buyers. If your property does not have enough area, buyers will simply not consider it. The rule of thumb is an acre per horse, so if buyers want a land for 10 stables, it means they are looking at 10 acres of land. Increasing the size of your land holding means your property will appeal to a wider range of buyers, with many seeing it as important for privacy purposes whereas others will see it as extra land for grazing.
3. Ensure that your property is well presented
This does not require much of effort. You just need to keep the yard swept, mowed lawn and a well-maintained fencing to add value to your equestrian layout. Keeping the doors, windows and stables and facilities in order will show that the property is looked after.
4. Keep facilities versatile
It is not advisable to spend money on specialist facilities if you intend to sell it in the short term but you can do so for your benefit as they will save you time and effort. But, at the same time, it is important to be realistic.
5. Get the basics right
Investments in the basics are highly appreciated by buyers. A safe and horse-friendly fencing, good drainage system, hot and cold water supply, power sockets, a well-lit facility and bore hole for private water supply will attract many buyers.