3 Unexpected Costs of Owning Horses

Most children have dreamed of owning a pony, but that can be a costly dream. Owning a horse or several horses comes with a lot of personal and financial responsibilities. Before deciding to add a horse to your family, keep in mind a few unexpected costs that some people don’t always consider.

Boarding Costs

Not all cities and homesteads allow horses to be kept on private property. Before buying a horse, you need to consider where that horse will live and spend most of their time. Paying the cost of boarding a horse at a stable is similar to paying rent at an apartment complex. This cost can range from a few hundred dollars to a few thousand dollars. There are also additional services you need to pay for, such as cleaning stalls, grazing, and equipment rentals. If you would prefer to keep your horse on your own property or board others’ horses on your property, then you should consider horse insurance cost. Insurance is there to protect you against accidental physical injuries or any health problems that may strike a horse in your care.

Travel Costs

Traveling with your horse to special trails, state parks, or other approved places for horses is not nearly as easy as traveling with other pets. You will need to invest in a horse trailer to safely transport your equine friend. Horse trailers can cost several thousands of dollars if purchased new, but there are also several options to rent horse trailers for the time one is needed for travel. Make sure to do enough research, so that you only buy or rent what you need for your horse or horses.

Farrier Costs

Horses need their own special type of pedicure. A specialized technician called a farrier needs to be on your regular care rotation for your horse, since their hooves should be trimmed and balanced as regularly as possible. A farrier is also responsible for taking off and putting on horseshoes that protect your horse’s hooves. Without proper foot care, horses are susceptible to infections and injuries, so it is necessary to budget for visits from a farrier when thinking of purchasing a horse.

Horses make wonderful companions and friends for a variety of people. With proper care, a horse is a wonderful addition to the family. Make sure to think of all of the financial responsibilities before purchasing one to keep at home or board at a stable.