Colorado Ranch
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For many folks, buying a Colorado ranch seems like the American dream come true, complete with rolling hills, vast green spaces, water, and mountain views.
According to Worth.com, owning a Colorado ranch can provide “intangible benefits such as uninterrupted family time and the enjoyment of nature, but when you choose{your Colorado ranch), choose wisely and manage the land carefully, because ranches can offer tangible benefits as well. Well-run working ranches can yield 1 to 3 percent of income annually; they can more than pay for their expenses and provide returns better than a CD.”
Things To Know Before Purchasing A Colorado Ranch
Class A ranches, those in the most prime locations and with profitable cattle operations and wildlife habitats and/or water rights, can certainly turn a profit if run properly, but if you do not know what you are doing, Colorado ranch ownership can quickly become time-consuming, frustrating, and a costly endeavor.
Because of these assets, a limited supply of Class-A Colorado ranches, and wealthy buyers, Class A ranches have been able to weather financial downturns in the past better than recreational ranches have.
According to worth.com, recreational ranch prices plunge during economic downturns and fiscal lows. While that may seem like bad news for Colorado ranches, it is actually good news if you are thinking of buying a Colorado ranch now, because there is tremendous value in owning land. Paul Slivon, a San Francisco investment advisor who owns a roughly 200-acre Colorado ranch near Steamboat Springs, said to worth.com: “There are some places where you can’t get access to that water unless you own it. That’s a big deal. They can build new golf courses, but they can’t build new rivers.”
What Adds Value To A Colorado Ranch?
Another added value of a larger Colorado ranch is the fact that there are multiple areas of production and possible profit. For example, Steamboat Today ran a story about the March sale for $18.5 million of the sprawling Colorado Ranch (Grizzly Ranch), just north of the Continental Divide and outside of Steamboat Springs, Colorado. Besides offering 8,686 deeded acres, 15,000 leased acres, 6 residences, water rights, and possible conservation opportunities the Grizzly Ranch property has various revenue sources, which can be a great advantage if certain markets are not performing well.
“Grizzly Ranch, with its many acres of productive hay meadows and lush pastures, will allow the new owners to adapt to changing market conditions and choose to emphasize hay production, a cow-calf operation, or pasturing yearling steers from outside Colorado when one or the other makes the most economic sense.”
So, if a Colorado ranch is something you are considering buying, make sure you know the facts and enlist the help of a seasoned local agent, such as Sunny Brstina of Steamboat Sotheby’s International Realty.
Your Happiness Is My Motivation
Sunny Brstina | Steamboat Sotheby’s International Realty
Real Estate Broker | 970.846.1574| sunny(dotted)steamboat(at)gmail(dotted)com
Website:www.SteamboatHousesForSale.com