Why Is Now The Time To Buy Land for Property In Montana
Whether you know Montana as the ‘Big Sky Country or ‘The Treasure State,’ there is no denying that it is one of the best places to live in. It offers a scenic beauty that is hard to find in any corner of the world.
From wilderness preserves to Glacier national park to the Rocky Mountains, land buyers will find a bit of everything. The land in Montana has become an escape ground for people who want to live a life of peace away from the city hustle.
In addition, the reason why people are now thinking of investing in Montana land is because of the abundance of natural resources. If you have an eye for purchasing land, you might find the perfect land for your needs at https://www.landbrokermls.com/states/montana.
Why Now Is The Best Time To Buy Land In Montana?
Purchasing land in Montana can help you convert your aspiration into reality. Whether you want to live a life of serenity or adventure, this big sky country has all of it.
While you can invest in houses, land in Montana has always been the major attraction for investors. The land is fertile and can be used for ranching and cultivation. That means the land also hold the potential for appreciation as the population increases.
Apart from the land and their natural resources, there are, of course, these small towns and cities that are more than capable of accommodating and facilitating larger populations.
If you are still confused about whether to buy land in Montana or not, the following reasons might help you make the decision.
Montana is ideal for people who are interested in starting their business or entrepreneurs who are looking to relocate to a more business-friendly environment. You will be surprised to know that Montana is at 11 places when it comes down to the best places to do business.
It boasts a high GDP growth compared to most states in America. The economy of an average earning person is just as bright, with the top earning individuals’ income tax rate of 6.9%. The gasoline tax is just over 32 cents per gallon which are low compared to most states in America.
Montana is a low-populated state that makes your life peaceful. Yes, you have to cover more miles when it comes to travelling from one place to another for work, but you still need to consider that it is a place where the average pay is higher than in other states.
If you have never been to Montana, it’s really hard to believe that a place like Montana can offer one of the best outdoor recreations. It is because of its popularity in outdoor recreation that it became the fourth state in America to have a Department Of Outdoor Recreation.
Montana is a place where you will hardly stay at home. 8 out of 10 Montanans are involved in some sort of outdoor activity. So, there is a considerable amount of income that stays in the state instead of going out of the state. This is one of the contributing factors that make Montana’s economy strong.
Tech Industries Are On The Rise
Although agriculture is still Montana’s largest industry, the state’s tech industry exponentially grew by 70% in the last couple of years. According to MSTBA, the tech sector generates more than $1 billion in annual revenue and is growing at seven times the rate of the state’s economy.
National publications such as the Washington Post have reported that world-renowned tech industries are finding it attractive to take their business to Montana because of the business-friendly environment.
With the technological environment blooming, it is going hand in hand with the tourism industry and other businesses that are affiliated with this industry.
Growing In Tourism
As mentioned, with the growing impact of technology in Montana, the tourism industry is growing rapidly. Attractions like Glacier National Park and Yellowstone attract millions of visitors every year. While these two might be the driving force attracting tourism, local outdoor activity contributes the most.
You will be surprised to know that Montana’s tourism industry is the second largest contributor to the state’s economy, accounting for about 7% of the total economy.
Because of this sector’s growth, new jobs are being created, and more and more people from all corners of the world are attracted to this state.
Higher Education Options
The University of Montana is a flagship school with more than 1300 students. The school is located in the second largest city of Montana, Missoula. Then they have Montana state university, with more than 10,000 students. Finally, Carroll College in Helena is a private liberal art college that is affiliated with Catholic Church.
Now coming to the tech university, Montana Tech of the University of Montana is one of the top three regional colleges in the West. According to bestcollegs.com, students spending four years in these colleges spend $6000 less on student debt than the national average loan.
The names which we have mentioned are the ones that are known throughout the states and countries. There are even schools with smaller affiliations that offer high-quality education. If you live in Montana, you will not have to worry about your children’s future.
Finally, The Potential For Real Estate Appreciation
The potential of the land you buy in Montana is massive. As we have already talked about the tech industry making its way into Montana and how the tourism industry is looking to expand its roots, Montana’s Land will appreciate eventually.
So, even if you don’t plan on settling in Montana, it is a place where you can make money out of the investment.
That being said, if you want to get the most out of your investment, today is the day. The more you wait to make your decision, the less profit you will make in the future.
The price of land is increasing every day.