Colorado is a state for the young people. Records show that only 12 percent of the people living here are 65 years of age and above. In terms of gender, there is a 50-50 split between men and women. In terms of employment, people have to travel for 25 minutes on average before getting to their places of work. There is a greater demand for homes outside the city and this makes residential investments very profitable.
If you want cheap land for sale in Colorado, the secret is to look at far-flung areas away from the bigger cities. The desired homestyle here are ranches, where homeownership rates are above 60 percent. When purchasing land in Colorado, there are a few considerations to make.
Buy land in an area that you can easily build and enjoy some of the prettiest sunsets in Colorado. Even though every place in Colorado has a beautiful sunset, there are areas such as Beaver Creek or Aspen that you may want to check out. There are towns in the foothills such as Evergreen, Confer, and Morrison which are famous for their outstanding beauty and can make excellent places to invest in land.
Colorado mountains are deceivingly huge, especially for people who are not from Colorado. Even for those who have lived here for a long time, the mountains never cease to amaze them. It can take quite a while driving through them from one town to another. If you are working and want to cut down your travel time, choose an area that has good accessibility and with shorter travel distances from work to your home.
If you want to buy land in Colorado, make a point of visiting the planning department to see the long-term plan they have for the various locations. You could buy property in an area that is currently underdeveloped, but upon consulting the general plan, you find out that an industrious or recreational park is coming up which could push up the value of your property and profit out of it.
With the above factors in mind, here are some of the places where you can get affordable land for sale in Colorado.
Regarding state ranking, Lamar stands at the top and nationally it is number 405. The average closing costs for properties here is $2,632, and the annual property tax is $495. Lamar is a Home Rule Municipality and serves as the county seat of Prowers County.
Milliken town is a statutory town in Weld County with a median income of slightly over $66,000. The average property closing costs are about $3,300, and the annual property tax is around $1,200. It is ranked number two in Colorado.
Frederick is another statutory town in Weld County with a population of slightly under 12,000 people. It is an interactive town with lots of community programs that strengthen relationships, making it an excellent location to invest in land and other properties.
Sterling is the county seat of Logan County and has a population of about 19,000. It has a semi-arid climate and a beautiful park known as the North Sterling State Park. There are lots of camping sites and picnic sites here making it a lovely place to buy property in.
Other areas to consider buying land include Wellington, Johnstown, Fort Morgan, Firestone, Parker, and Evans. For the best deals, work with professional real estate companies such as Spanish Peaks Land.