Colorado is arguably one of the most beautifully diverse states in the US. In the east, it is made up of agricultural farming plains. The central portion of the state makes up the urban metroplex. The western and southern portions of the state consist of the majestic Rocky Mountains. The state was once the site of the American gold rush and is home to the Native American tribes.
Today, the state has transformed into an economic powerhouse and is one of the most coveted places to buy a home. Is living in Colorado a part of your plans shortly? This guide is for you so you can get an idea of what to expect should you move to the state of Colorado.
Benefits of Living in Colorado
Aerial View of City Park in Denver, Colorado. (Image Source: Unsplash)
There are so many reasons to love Colorado as your new home. The following are some of the perks you get to enjoy when you move to Colorado:
Easy access to the Great Outdoors Landscapes
The accessibility of wonderful outdoors and nature destinations is part of the appeal of living in Colorado. This state is made up of some of the most scenic yet rugged landscapes you will find in the US. From mountains to valleys and so much more, you will have your fill of outdoor fun.
You can go hiking, skiing, snowboarding, fishing, and mountain biking. Also, you can expect to enjoy the beautiful landscape all year round. There are lots of activities to do across the streets and landscapes of the state.
Lower taxes than other states in the US
Colorado imposes some of the lowest tax rates you will find in the USA with an income tax rate of 4.63%.
Favorable climate and weather
Due to the geographic conditions of the state that is covered with mountains, high plains, and foothills, you can expect favorable climatic conditions. The majority of the state experiences low humidity and low precipitation.
On top of that, you can enjoy plenty of sunshine throughout the year with clear skies at night. This means that you will enjoy a more favorable climate according to your preferred activities.
Low unemployment rate
The state boasts of a low unemployment rate with several job opportunities. Since Colorado has one of the fastest-growing economies in the US, there are many employment opportunities.
The rapid urbanization is also making more jobs available to the people of Colorado. This means that its unemployment rate is one of the lowest in the US. There will be lots of job opportunities that await you and your family.
Four-season outdoor sports haven
As mentioned above, Colorado is abundant in the great outdoors landscape. You can use this opportunity to enjoy all kinds of sports you like throughout the year. During winter, you can go to Vail for skiing opportunities. In the spring, you can hike the mountains and explore the fields of wildflowers.
There are also many world-class sporting facilities in Colorado. Plus, it is home to many notable sports teams such as the Denver Nuggets and Denver Broncos.
High-quality medical care
According to the US Department of Health and Human Services, Colorado ranks in the top 10 in the country when it comes to access to quality medical care providers. It is also number 3 in the US for financial security, community relationships, physical health, and social opportunities.
The economic growth is at a steady climb
The stable economic growth of Colorado has been the case for many years now. It also has one of the highest GDPs in the US. This reflects on the quality of life that is enjoyed by the residents of Colorado.
There are several new job opportunities in various industries including trade, construction, and information technology. The average annual income for households in Colorado is also higher than the national average.
Why Buy Real Estate in Colorado?
Colorful foliage in Ridgway, Colorado. (Image Source: Unsplash)
The benefits of living in the state of Colorado as listed above definitely provides a wide range of reasons to consider moving here. But what about the real estate market in Colorado? Is it a good place to invest in real estate property?
Profitable Investment Opportunity
In the past decade, Colorado has shown to be a profitable investment opportunity for real estate investors. Denver and Colorado Springs are two housing markets, in particular, that have consistently ranked high in real estate reports. This trend continued in 2019 and will be the trend for the next few years.
The economic and population growth in Colorado contributes to the growth in real estate investment opportunities, as well. Experts agree that when there is population growth, it is a positive indicator of real estate demand.
The state is currently 7th in the US in terms of population growth rate. The rapid urbanization of Colorado and the growth of employment opportunities are fueling that growth rate. It has caused a proportional increase in demand for rental properties in Colorado.
The growth in population and economy serve as each other's fuels. This is true when it comes to driving the state of real estate investing in Colorado for 2019 and onwards.
To add to these factors, the top-notch tourism in Colorado is also causing so much buzz in the state. Many tourists travel to Colorado all year round to exploit its beautiful landscapes and tourist attractions.
Some of the best cities to invest in real estate in Colorado include Denver, Colorado Springs, and Fort Collins. The Colorado real estate market is the fastest-growing market in the US! Historically, though, Colorado is one of the most coveted destinations for home buyers.
Want to Start Living in Colorado this 2020?
Colorado is gifted with natural beauty. (Image Source: Unsplash)
To help you find a home in Colorado Springs, you need to find a reputable realtor in Colorado Springs. Brian Boals of the Remax Realtor Colorado Springs team is someone with whom you can trust to find your dream home. You can check out what his former clients have to say about his realty service.
Make finding your ideal home easy and effortless. Our team of expert realtors knows the Colorado real estate market and they can match your needs with the right property. If you have any questions, call us at (719) 459-9955. You can also send your inquiries via email at firstname.lastname@example.org.