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.
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.
If you enjoyed this blog, you might enjoy these other related blogs:
- So You Want to Take Your Kids to Disney World: How Much to Save and How to Do It
- Budgeting Your Money Doesn't Have to Stink! Try These Ideas to Make Budgeting Easier
- Creative Ways to Save for College
Non RMCU links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Rocky Mountain Credit Union of any of the products, services or opinions of the corporation or organization or individual. RMCU bears no responsibility for the accuracy, legality, or content of the external sites.
