Colorado is a state that is experiencing rapid urbanization. The population is fast increasing and last year the population grew by 1.2%. The economy is thriving in the state and the unemployment rate is well under control.
The state provides various kinds of jobs in diverse fields. The state is also present in the list of top ten states that you are most likely to get your dream job in. There is a lot of land in different parts of the state available at fair prices.
Benefits of owning property in Colorado
1. Landlord Friendly: The state is extremely friendly toward landlords. Landlords are allowed to enter without requiring to give advance notice. The process of eviction is also simple.
2. Entertainment: The state has excellent outdoor activities to offer that will take your breath away. Skiing is a major attraction. Apart from skiing, the state is also known for its art and culture.
3. Colorado Spring brimming with millennials: Millennials are particularly interested in Colorado Springs as they are moving there at a rate faster than anywhere else. This could be because of the prices of the house there and the standard of living.
4. Rent prices:Rent prices are constantly increasing over the past couple of years in the state. This is good for those who want to buy a house as an investment option only to rent it later. The current average price of rent is $1995.
5. Home values: The home values are increasing every year. Therefore, it will be profitable to invest in Colorado in the long run. The current average value of a house in the state is $397,255.
6. Real estate market: The real estate market in the state is quite hot and it is expected to remain like this for a while. The growth rate has been tremendous and giving steady returns.
7. Low unemployment rate: With 3%, the state has the lowest unemployment rate in the United States. It is well below the country’s 4.1% average unemployment rate.
8. Breathtaking seasons: The state is known for its diverse climate. One can experience all 4 seasons in the state. Not just that, there are many activities that can be done in these seasons. Camping is a famous option in summer, hiking in spring, fall festivities in the fall season, and winter of course for skiing.
No comments:
Post a Comment