Equestrian Estate builders need to be qualified!
Equestrian Estates; Fraud Alert. Don’t get scared if you are buying or developing an equestrian estate here in the Coachella Valley. The article about Fraud in Equestrian Estates here, is about Wellington, FL. However, there are some really good points to think about if you are one of our many Thermal showgrounds participants or polo club members. Local equestrian and agent, Kim Kelly, at 760-285-3578.
In the article the alleged fraud occurred when seasonal luxury equestrian owners contracted with builders to develop their property and found out they were being scammed. Nothing has been settled yet it appears, but it got me to thinking about developing equestrian properties in general.
When you buy a piece of land with future equestrian plans in your mind, be sure you do your research. Double check the zoning to be sure horses are allowed and how many/acre are permissible in the area. Get fencing quotes and gate quotes. If you’re putting in grass, be sure the land is graded properly, the soil is suitable for horses, and there is sufficient drainage. Is there plenty of water? You need water for the horses obviously, but also for pastures. If you’re building a home, check to be sure you understand the availability and difference between Ag water and Domestic water costs and sources.
Hire an engineer that knows about horses. This is very important. When you interview contractors, be sure they understand exactly what and why you need things done a specific way. We all know in any contractor business never to pay it all up front. Have a payment schedule based on frequent schedule updates. Be sure you have the names/numbers of the vendors for yourself and are allowed independent checking in with them. Don’t harass the subs, just let them know that you are involved and are watching. Check your contractors/subs backgrounds. Be sure everything is in writing!
Take a tour of this beautiful 10 acre estate in Vista Santa Rosa. Available for $2.5 mil, this one is gorgeous!
