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December 19, 2018

Investment Opportunities in Rural Lands of Colorado

Whether you are looking to set up a business, double your money, book a vacation spot, grow some eatables, or just finding a place to live on our green Earth, real estate has been the number one place to invest your money into from day one. A piece of land that is all yours, and is placed at a lucrative location, brings a barrage of endless opportunities and ideas of ways that you can utilize it. And while there is obviously plenty of land to go around, some regions are more beneficial to invest in than others. One example of such a region where your investment can pay off in various ways is the rural land of Colorado. There are several ways that real estate purchased in Colorado can prove beneficial which we will dive into below, but the key point to keep in mind is that now is as good a time as any to invest in real estate in Colorado, as there are roughly 1 million acres of Colorado land for sale right now.

Colorado is the fourth state on the list with the most land available for purchase. While that may be reason enough to rush to Colorado ASAP, here are some of the ways that a real estate investment in the rural areas of Colorado can pay off. Colorado is no less than a dream location in every aspect.

Colorado Land for Personal Residence

Picking out a region for your personal residence is no small and easy decision. You keep in mind the needs of not just yourself, but also of your family and anyone else who may be living with you, and it is crucial that it is well suited in every regard. Colorado offers a spectacular family living. New town development features premium housing with all modern amenities, luscious green parks, shopping areas in your close access and some of the best schools.

Colorado is very beneficial in many regards to anyone wishing to purchase a permanent residence; it is an outdoorsy lifestyle with definite seasons. Colorado is well suited to anyone wishing to live in a healthy and friendly environment. With the climate not showing any signs of getting better, at least anytime soon, places like Colorado are excellent for maintaining a permanent residence.

Colorado Land for a Vacation Home

Some of us may not have the luxury of being able to make a permanent living in Colorado, which can be due to various reasons. Regardless, the outdoorsy and healthy environment mentioned above also makes Colorado an excellent place to visit during those few days of the year where you are looking to get away from the hustle and bustle of the workplace and just relax and unwind. Hence, it makes Colorado a great location to purchase a vacation home at. Due to this reason, Colorado is also an ideal location to settle at after retirement. It is an environment that is not only well suited to people on vacation, but also to retirees.

Colorado Land for Farms

Farming is perhaps the most beneficial use of land in Colorado, as Colorado’s eastern regions and the valley of the western mountains is some of the most fertile soil in the nation. Agricultural is perhaps the most contributing field in the economy of the state, with over $40 billion contributed annually. There is a reason over 66 million in the state are dedicated to farms and ranches. Cattle and calves, wheat, hay, corn, and dairy are some of the primary agricultural products of the region. And the farm bill that was passed has given rise to a new industry which is expected to experience massive growth. The hemp industry is part of this new growth, giving a brand new untapped market to hemp farmers.

Colorado Land as an Investment

With all of the above-mentioned reasons to purchase property in Colorado, right now is as good a time as any to invest in real estate in Colorado if you are looking to invest your money in properties. Mixed with the comparatively lower taxes in the state and with over $4 billion worth of property available for sale currently, Colorado could be just what you are looking for.

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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Item Reviewed: Investment Opportunities in Rural Lands of Colorado Rating: 5 Reviewed By: EconMatters