Are you struggling with deciding whether to purchase a Tennessee farm or Mississippi Farm or board your horses at a farm where all your needs will be met?
There are pros and cons to both. When you board your horses all of their care and feed is provided with a fee. In some cases that fee is less than what a mortgage might be. Often times it is more costly than a mortgage. Fees you will be faced with include vets, farriers, supplements, and plenty of other items. However, when boarding your horses you have more freedom to come and go as you please.
There are a lot of benefits of buying your own farm.
For most folks, buying a farm is a way of life. It is part of the definition of their character. They are farmers. Raising your family on a farm teaches lessons in caring for the land, the buildings, the fences, and the animals. These lessons stay with a person their entire life; it gives you a strong work ethic.
The sense of pride that comes from your animals and your land is one of the biggest pros of owning a farm. Many people work full-time jobs and come home to continue to work to make sure their place is in the best shape it can be and their animals have everything they need.
It is also one of the best financial investments a person can make.
Over the course of 20 years I have seen people who invested $200,000 into their farm and turn it into $2,500,000. We are living in a growing area, while you are owning horses you can also grow your wealth through investing in your own farmland.
It comes down to weighing the pros and cons for yourself. Only you can decide what will work for you, your family, and your animals. If you would like more insight and help in your decision, please contact me and I would be happy to go over your goals with you.