6 Top Mistakes To Avoid When Buying an Los Angeles Horse Property
Buying a horse property in Los Angeles is extremely rewarding due to its beautiful weather and landscape. But to avail of these rewards, it is essential for you to carefully pick an equestrian real estate and be prepared to invest your time, money, and resources as you do so. Some horse property buyers exert immense efforts and yet are unable to land the perfect property. This is because they overlook minor but important details.
If you’re worried about making the same mistakes, continue reading this article to find out the seven common mistakes to avoid when buying horse property in Los Angeles.
Mistake #1: Not Surveying the Horse Property Real Estate
If you buy a property without looking at other various options available in the market, don’t regret it when you see a better property later on. Many buyers overlook the importance of surveying the equestrian real estate market and comparing different properties. This not only gives you an insight into market trends but also makes you more aware of what you like and dislike. As a starter, you may visit Pezzini Luxury Homes and view their online listings of horse properties in Los Angeles.
Mistake #2: Overlooking the Importance of Location
Many buyers settle for horse properties that are on the outskirts of the city because the farther away the property is from city life, the cheaper it is. This turns out to be a great decision for those who intend on leasing their property to someone else. However, if you plan on living in it, don’t forget that your location determines the travel costs and commute time. For example, by buying a horse property in Los Angeles that is far from the city, you may save some money in the short-term, but you will have long-term expenses.
In addition to the distance, other important factors to look for in a location are:
- Air quality and environment
- Soil condition
- Water accessibility and quality
- Climate and rainfall frequency
Mistake #3: Not Thinking Long-Term
Discount deals on some horse properties in Los Angeles tend to attract many buyers because of their affordable prices. But keep in mind that while budgeting is very important, it is not the only factor to consider. You will be making a huge investment, and therefore, you must plan for the long-term. A few questions you should ask yourself are:
- Is this a good investment?
- Will I get any profitable returns in the future?
- Will the value of this horse property appreciate or depreciate over time?
- What do you plan on doing with the property?
- What will happen to the property when you plan on relocating?
Mistake #4: Taking the Inspection of Property Non-Seriously
Performing inspection checks in an equestrian property is necessary before closing the deal because the property must be worth its monetary value. Buyers who take inspection non-seriously end up regretting later on. If you have never dealt with horse property real estate before, you will most likely not know what to check for. This is why you should consider hiring a professional inspector who could check for any:
- Broken appliances and amenities
- Faulty plumbing and electrical wiring
- Issues in the fencings
- Extra fittings required
- Heating or electricity supply shortages
Mistake #5: Being Oblivious of the Neighbors
Another mistake often made is when buyers don’t insist on getting to know the neighbors. It does not mean that you force yourself into neighboring households. All you need to do is take a stroll down the road, look at other properties in the area, ask a few people in the area about their experiences, etc. You will most probably get an idea of the overall atmosphere of a neighborhood and the nature of its residents by simply spending time in the area for a while.
Mistake #6: Not Hiring a Real Estate Agent
Having general knowledge of real estate does not mean that you have suddenly become an expert in the field. The horse property niche is very distinct from other real estate categories. By not hiring a professional when buying horse property in Los Angeles, you risk your chances of exploring ideal properties at affordable rates.
Get professional help and avoid these 6 critical errors (and more) from one of the top realtors in Los Angeles, Luis Pezzini. Call Pezzini Luxury Homes today at +1-310-275-2076 and buy equestrian property you have been dreaming of.