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3 Ways to Take Advantage of Real Estate Investments in Montana

Aug 28, 2019 - Posted by: Rocky Mountain Credit Union
Montana is a paradise of real estate. Remember, whether you’re a first-time homebuyer or a land tycoon looking to grow, real estate is an investment. And it pays to invest here—it is called the Treasure State after all. You’ll find plenty of perks to putting your money in Montana. Here are just a few ways to take advantage of investing in real estate in the 406. 


Get that Location, Location, Location 

You know the saying: “There are only three things that matter in property: location, location, location.” When you invest in real estate in Montana, you’re inherently getting an optimal location. Everyone’s looking for a bite of the Big Sky right now, so it pays to find your spot and scope it out. The good news is, the whole state is well worth exploring. 

Some areas are rebounding faster than others after the Great Recession, with prices starting to climb in in-demand towns like Bozeman and Whitefish. But that just makes now the time to get in on the action. 

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Find a Wide Range of Properties 

With the whole gamut of real estate available—we’re talking undeveloped plots of land so far off the grid you won’t be able to imagine finding cell service, all the way up to deluxe mansions that cater to every comfort.  With everything from up-and-coming cities and the classic small towns full of that Montana charm, all the way up to entire ranches with hundreds of acres, you’ve got plenty of options to choose from.  

Whatever you’re looking for, you’re sure to find it in Montana. Make your list of must-haves, narrow it down, and scope out the properties on the market now. 

Especially if you’re investing for business rather than your primary dwelling, you have a lot to consider. Are you in the tech sector looking to grow your business with an industrial property? Or are you hoping to score a second home with vacation rental potential? There’s a property for every need here.

Enjoy Montana Real Estate Advantages

The support you’ll find for investing in Montana is top-notch. Here are just a couple of the business advantages of investing in Big Sky country. 

Lower Property Taxes 

With a rate of .73%, Montana ranks 33rd in the nation for state property tax. That’s not too bad, and it comes with a lot of extra perks. For instance, the Property Tax Assistance Program gives an extra boost to low-income homebuyers, making it far more accessible to purchase a home in Big Sky Country. 

AirBnB Option 

AirBnB has reached a tax agreement with the state to collect and pay the Montana lodging tax on behalf of its renters, so you know it’s legal and easy to rent out your property through the site. That opens up all kinds of options if you want to list a vacation home for all or part of the year. 

Local Support

At RMCU, we’re here to answer your mortgage questions and walk you through the financial side of the homebuying process. You’re a neighbor now, and we support our neighbors here in the Treasure State. Speak with a lender today to get the financing ball rolling on your next big investment.

 

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Contact Alan or Connie at RMCU


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