This is one of the most common mistakes I see people make in their horse purchase. They either do not know, or refuse to recognize the real cost associated with owning a horse. In this situation, over time the cost is too much and the buyer becomes a seller.
Ask yourself how much you can afford monthly to cover the cost of your horse. After you have a number in mind, figure out the cost in your area for the basic necessities for a horse. Depending on where you live the costs will vary.
Basic needs for a horse are: Shelter, Feed (grain and hay), Ferrier Needs, Veterinarian (annual shots and basic needs), Tack and Supplies (repair and replacement), Trailer Service and Insurance (if you own a trailer).
Shelter: Most horse owners have their own place, board, or lease. If you have your own facility, take into consideration upkeep. If you board or lease, know and understand all the costs associated with the agreement.
Feed: Feed requirements change seasonally, and costs will vary greatly based on your location. Be sure to include costs of grain, hay, supplements, salt and mineral blocks. Keep in mind that older horses may need a special feed such as a "Senior Product".
Farrier Needs: This will be determined by your horse's need for shoes. Another thing that can drive the costs of shoeing is special needs such as certain shoes, pads, etc... Be sure to check with your Ferrier on costs.
Veterinarian: Your basic costs are for annual shots and coggins. The vet costs go up sharply if you have a horse that needs medications, such as joint supplements, injections, etc.... This is why a "Vet Check" and the medical history is so important. The ongoing costs of a lame horse can be huge.
Tack and Supplies: This is an item that so many people overlook when planning for a horse. Realistically, there will be tack and supplies that will need to be repaired or replaced on a regular basis. This area can drive you $5 crazy if you are not careful.
Trailer Service And Insurance: If you plan to move your horse by yourself, you will need a trailer. The dollars do not stop flowing after the point of purchase. You WILL have ongoing service and maintenance needs for a trailer, regardless of it's value.
By knowing what it will cost to care for a horse in your area, you can make a well thought out decision on your next purchase. On average, our costs are about $175 monthly/per horse. That does not include labor or boarding, or our special needs horse. WHAT IS THE COST IN YOUR AREA?
Jason Borchardt has spent his life with horses. He has been involved with many disciplines in the horse arena, from showing, breaking, western pleasure, cutting...the list goes on and on. He currently co runs a family ranch in the Texas Hill Country, where he spends the best part of his days on the back of a horse. His desire is to educate people on buying horses, through http://www.realhorseappeal.com, so they don't make the same mistakes he has through the years.
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