Colorado is undoubtedly one of the best places to buy real estate. With views of the majestic Rocky Mountains, vast acreages of varying terrains, and rich natural resources, ranch land in the state can be a truly rewarding investment.
Ranch ownership in Colorado comes with great financial and lifestyle benefits, from income earning activities to building the getaway property of your dreams. Here’s what you can expect when you buy a Colorado ranch:
1.Peace, privacy, and cleaner surroundings
Ranch properties offer all the space and quiet that you need. The tranquil lifestyle that comes with living in a ranch is unmatched. It gives you an escape from the hustle and bustle of the city, along with the noise and pollution that accompanies it.
2.Lucrative earning opportunities
When it comes to earning extra income from your Colorado ranch, the possibilities are endless. There are numerous ways to operate a ranch, including starting your own cattle ranch business. After all, Colorado is one of the top-producing cattle states in the country. Cattle and calves are the top agricultural commodities here, followed by wheat, corn, hay, and dairy products.
Other ways Colorado ranch owners can make an income from their properties are by setting up a horse boarding business and starting their own hunting or fishing ranch.
Aside from raising livestock, you can also find a Colorado ranch for sale that’s perfect for growing your own crops. Colorado has three distinct agricultural regions: the plains, the mountains, and the Western Slope. All you need is a good understanding of the local microclimates and weather patterns to determine the best crops to grow in your ranch.
3.Tax exemptions
One of the perks of owning a ranch in Colorado is the tax benefits. Land
used for farming, ranching, hunting wildlife, or harvesting timber are entitled to certain tax breaks.
Colorado also has a conservation tax credit program that allows ranch owners to earn money for their conservation efforts. When a conservation easement is donated to a certified land trust or government agency, property owners can take advantage of certain federal tax deductions and state tax credits.
Aside from tax exemptions, you can also use different federal and state programs that provide financial assistance to agricultural businesses.
4.Plenty of space to grow
Buying ranch land gives you a chance to build and develop the property according to your vision. Whether you want a private getaway for the family or an income-producing property (or both), you can turn your ranching or farming dreams into reality.
5.A long-term investment
As for long-term investments, ranch land makes an excellent asset. Real estate appreciates in value over time and ranch land is no exception. According to LandWatch, the average price of Colorado land and ranch properties for sale are at an impressive $1 million. This value will only continue to increase because of the many residential, commercial, and agricultural uses that ranch land offers.
Looking for Colorado ranches for sale? Find the property of your dreams with the help of a Colorado real estate expert!
