Key Factors to Consider When Buying Real Estate in Montana?

No one disputes that Montana is one of the best places to live. This place offers natural beauty that cannot be found anywhere else in the world. From spectacular wildlife preserves to Glacier National Park and the Rocky Mountains, any nature-lover will feel right at home in Montana. In recent years, the state has become a hotspot for real estate investing as people move to the mountains in droves.

A key reason why people consider investing in land in Montana is because of its abundant natural resources, which is why buyers and investors turn to realtors in Helena MT to purchase land here.

Why is Now the Best Time to Buy Land For a Good Price in Montana?

Buying land in Montana can make your dreams come true. Whether you’re looking for a quiet life or a grand adventure, Montana has everything you need. You can invest in an existing home, but raw land in Montana has always been a great asset for investors. The land is fertile and suitable for livestock and agriculture.

In addition to land and natural resources, Montana has every opportunity to support active population growth. As you consider opportunities to buy land in Montana, here are some key reasons to consider.

Reason 1. Opportunities For Outdoor Recreation

In case you’ve never been to Montana, it’s hard to believe that a place like Montana offers the ultimate in outdoor recreation. In fact, it is the fourth state in the United States to have a Department of Outdoor Recreation. Eight out of ten Montanans participate in active recreation. Because of this, the substantial income earned by Montanans tends to stay in the state. This is one of the key factors in the actively developing economy of Montana.

Reason 2. Active Growth of The Technology Industry

The technology industry is eager to attract companies to Montana because of its business-friendly environment. The technological environment is developing at an extremely active pace, this environment accompanies the tourism sector and other enterprises related to this sector, which are also actively developing.

Reason 3. Active Growth of Tourism

Montana’s tourism industry is growing rapidly thanks to the growing influence of technology. Attractions such as Glacier National Park and Yellowstone attract millions of visitors each year. You might be surprised to learn that Montana’s tourism industry is the second largest contributor to the state’s economy, accounting for approximately 7% of the total economy. The active growth of the tourism industry creates new jobs and attracts more and more people from all over the world here.

Key Factors to Consider When Buying Real Estate in Montana?

Reason 4. Many Available Opportunities for Higher Education

The University of Montana is a flagship learning environment with more than 7,000 students. The school is located in Missoula, Montana’s second-largest city. Additionally, there is Montana State University, which has over 10,000 students. Carroll College in Helena is a private liberal arts college affiliated with the Catholic Church. The University of Montana Institute of Technology is among the top three regional universities.

Between all these schools, students have access to affordable, quality education in the state of Montana. If you live in Montana, you will not worry about the future of your children, because the education here is at a high level. Buying real estate here with the help of the services provided by a qualified realtor in Montana is the first step to putting down roots for your family.

Reason 5. Possibility of Housing Price Increase

The opportunity to buy land in Montana is huge. But as the technology industry takes hold in Montana and tourism looks to expand, land prices are growing. Montana real estate transactions have become increasingly popular recently. It is not only about apartments and new housing developments. Today, there is quite a lot of interest in raw land investing.

There is an explanation for this trend. As people move to Montana, they are choosing to buy a vacant lot and build their own house. This is a great investment because building a home will dramatically up the resale value while preserving a lower entry cost.

When buying a plot of land in Montana, it’s important to pay attention to the boundaries. To establish the exact boundaries of the site, you need to go through the demarcation procedure. Failing to do so can increase the risk of owning a property with unclear boundaries, which can result in conflicts. If you do end up purchasing such a property, you will have to resolve the issue yourself and come to an agreement with the owners of the neighbouring plots.

Demarcation is carried out by a separate organization, which will determine the location of the boundaries based on the information provided in the title documents and land plots. After completing the procedure, the owner must keep the following documents:

  • All underground communications in the form of pictures and drawings of the location (topographic maps);
  • Boundary plan;
  • Territory Plan (cadastral plan) with marked boundaries.

It’s also important to pay attention to zoning laws and consider the risk of natural disasters. The mountain west isn’t immune to wildfires and floods. Properties may be at potential risk of spring flooding. In addition, the steep slope makes it difficult to build a house on the plot of land you bought. All this is complemented by drainage channels that allow access to the neighbours’ places.

Different types of land are divided into different categories based on whether a house can be built on that land. For example, if the land is for agricultural purposes, then building a house on it is prohibited. Other categories that allow the construction of apartments have certain restrictions. So there are the following sections:

  • Buildings of medium and high height are allowed to be erected on the land plot;
  • Only low-rise buildings are allowed to be built on a plot of land.

An important step is to research the utilities in your area. You want to have a reliable supply of water, electricity, and gas, so you’ll want to consider potential grid hookups. With electricity, you need to know how far and how long it will take power lines to reach the job site and what the power limits are. If for some reason connection to a power line is not possible, wind turbines, solar panels, etc. can be used.

The cost of the existing infrastructure increases in proportion to the time that the future owner wants to spend on the site. If you are buying land in Montana to build a home? You need shops, hospitals, and schools, within driving distance so that you can live comfortably.