Colorado Leads the List in Top States for Investment Properties
Colorado has many wonderful features that drive people to our state. The views are breathtaking with the states varying terrain, residents are able to experience all four seasons, and of course the adventures that are offered with our great outdoors. Colorado has a lot going for it. But did you ever think investment property was one of them? According to Markets Insider, Colorado is the top state in the country for investment property. There are multiple reasons why Colorado is considered a gold mine for investment properties. For starters, houses are remaining on the market for less than thirty days and our state ranks second in median income growth. Most importantly, Colorado’s property taxes are one of the lowest in the country. All of these factors combined create an ideal situation for those interested in investing their dollars into property.
Here are some other factors to consider:
- Median days on the market
- Job growth
- Price to rent ratio
- Median income growth
- Labor costs
- Appreciation in home prices
- Property taxes
- Average listing price
- Population growth
- Premium on homeowner’s insurance policy
Have some extra money lying around, why not consider investing?
Sourced from Markets Insider
To View the Full Article click HERE