Vermont State Real Estate (USA)

Vermont State Real Estate (USA)

Vermont is located in the northeastern part of the United States of America. It is one of the smallest states in terms of area. The state is a tourist destination. The main revenues to the budget are carried out at the expense of the rest of the country's citizens and foreign tourists. In winter, 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.

Like the rest of the United States, the Vermont real estate market is currently going through hard times. Supply exceeds demand. It is thanks to the current situation that the purchase of housing in Vermont is now more affordable and profitable than ever. Buying a house or apartment in the Green Mountains state, you will provide yourself with a wonderful place to stay. The properties offered for sale will satisfy the most demanding requirements. Even if you feel low on funds, you will be able to find accommodation with excellent value for money.

The Vermont real estate market has a number of features that distinguish it from the markets of other states. Small hunting lodges, consisting of a couple of rooms and equipped with all necessary amenities, are very popular. Usually a small plot of land of several acres is sold along with the house. The cost of such miniature hunting grounds usually does not exceed $80 thousand.

Vermont State Real Estate (USA)

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 bustle of big cities, stay in solitude, and enjoy communicating with 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 locality 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.

Housing can be conditionally classified into houses for one families and for several families.
Single-family houses, usually up to 200 square meters, consisting 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 plot of land up to 1 acre. Most of the objects are in the «come and live» state. Possible sale furnished.
The cost of one square meter in large houses designed for one large family or living together, for example, adult children with parents, is somewhat lower than in houses with a smaller area. There is a generally accepted world practice, the larger the area, the cheaper a square meter.

Vermont State Real Estate (USA)

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.
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 choose a plot within the city, or vice versa, purchase a piece of untouched nature with a small pond or at the foot of the mountains. The price of land depends on many factors, such as: location, availability of infrastructure, total area.

Let's take a few examples to get a general idea of ​​the order of prices. So a plot located in a picturesque area, in the Rutland City area, with an area of ​​u200bu200bone acre (40 acres) is being sold for 55 thousand dollars. The plot is designed for development. Permission for the use of water and sewerage received. It is possible to connect electricity. It is also possible to conduct a telephone line.
Plots located at a considerable distance from settlements fall sharply in price. So a one-acre plot 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 have been met, there are no mortgages in banks. Despite the crisis in construction and real estate, experts predict a further rise in prices for land and housing. Thanks to low interest rates on loans and various federal programs that stimulate the purchase of residential real estate, now is the most favorable moment for making a purchase. The main thing is not to miss your chance.

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