There are some ranches that simply serve as acreage estates. People who wish to live on wide open space with no neighbors in sight can find a small or medium ranch property to purchase. Most ranches serve as both home and Source of income for owners and investors. The types of ranches available offer a wide range of possibilities to suit any need, interest, and goal.
Many people will purchase ranches solely for investment purposes. They hire a management company to oversee the property and operate it to increase profitability. The land can be developed into campsites, farmland, or used to raise livestock. Elk, deer, bison, pig, and cattle ranches are profitable investments.
Leaving the land as wilderness land for natural habitats and conservation is an investment option that provides extra tax breaks and incentives. It can also be farmed as an investment. Some ranch brokerage agencies also provide management services for investor convenience.
Ranches can provide a host of hospitality opportunities. Owners who wish to to keep the business small and simple can turn the ranch into a bed and breakfast (B&B). Travelers, nature lovers, and those who want to get away for a weekend will frequent B&Bs because they are affordable and comfortable.
Private rooms for overnight accommodations, a common area for relaxation, and a dining room large enough to seat people for breakfast is all that is needed. Owners can make breakfast for guests and clean rooms during the day to keep overhead low. The profits can cover the cost of the ranch, as well as other family needs.
Keeping the setting rustic is perfect for hunting, fishing, and sporting ranches. A lake, some wooded acres, and a few hiking or biking trails are required to attract customers. Horse back riding is another type of guest ranch that is popular.
Where to Start
Do some research on the available options for ranches and land. Most people are surprised to learn small and modest ranches are more affordable than anticipated. Not all properties consist of hundreds of acres. Compare pricing between states, look at complete descriptions of properties, and select an agency with which to consult.