Vermont is located in the northeastern United States of America. It is one of the smallest states in terms of area. In terms of its focus, the state is tourist. The main budget revenues come from the rest of the citizens of the country and foreign tourists. In winter, holidays in ski resorts are in great demand. Many hotels, restaurants, resorts attract up to thirteen million tourists a year. The absence of significant industrial facilities has a positive effect on the environmental situation in the state.
As in the rest of the United States, the Vermont real estate market is currently going through hard times. Supply exceeds demand. It is thanks to this situation that the purchase of housing in Vermont is now more affordable and profitable than ever. By purchasing a house or apartment in the state of the Green Mountains, you provide yourself with a wonderful place to stay. The real estate objects presented for sale will satisfy the most demanding requirements. Even if you feel tight about money, you can find accommodation with an excellent price-quality ratio.
The Vermont real estate market has a number of characteristics that set it apart from other state markets. Small hunting lodges, consisting of a couple of rooms and equipped with all the necessary amenities, are very popular. Usually a small plot of land of several acres is sold together with the house. The cost of such miniature hunting grounds usually does not exceed $ 80 thousand.
В advertising brochures advertising such properties describe all the advantages of the acquisition. Located in picturesque forest or mountainous areas, these dwellings will help you escape from the hustle and bustle of big cities, be in solitude, and enjoy the wildlife.
Another type of real estate — apartments, occupy an insignificant part of the proposals on the market. Basically, these are apartments from 80 to 120 square meters. The price depends on the settlement in which the house is located, and is, for example, for the state capital, the city of Montpelier, about 1-1.5 thousand dollars per square meter.
Dwellings can be conditionally classified into houses for one families and for several families.
Single-family homes are usually up to 200 square meters in size and consist of 3-4 rooms. The average cost per square meter in large settlements is about 1200-1500 dollars. As a rule, all houses presented for sale come with a land plot of up to 1 acre. Most of the objects are in a «come in and live» state. Sale possible with furnishings.
The cost per square meter in large houses designed for one large family or shared living, for example, adult children with their parents, is slightly lower than in houses with a smaller area. The generally accepted world practice is that the larger the area, the cheaper per square meter.
So, for a house with two floors and an area of 335 square meters, located in Rutland City, they are currently asking for 189 thousand dollars, which in terms of one square meter will be 565 dollars.
If you want to realize your own architectural fantasies, you should pay attention to the land plots offered for sale.
Depending on the intended purpose, you can pick up a plot within the city, or vice versa, purchase a piece of untouched nature with a small reservoir or at the foot of the mountains. The price of land depends on many factors, such as location, availability of infrastructure, total area.
To get a general idea of the order of prices, here are some examples. For example, a one acre (40 acres) plot, located in a picturesque area, in the Rutland City area, is being sold for 55 thousand dollars. The plot is designed for building purposes. Permits for the use of water and sewerage have been obtained. There is a possibility of connecting electricity. It is also possible to have a telephone line.
Plots located at a considerable distance from settlements are sharply falling in price. So a plot of one acre in the Springfield area can be purchased for as little as $ 5,000.
When considering buying a property, focus on the form of ownership. It is advisable to purchase real estate for which all credit obligations are fulfilled, there are no mortgages in banks. Despite the crisis in the field of construction and real estate, experts predict a further rise in prices for land and housing. Due to low interest rates on loans and various federal programs that stimulate the purchase of residential real estate, the present moment is the most favorable for making a purchase. The main thing is not to miss your chance.
