Utah Real Estate: 10 Reasons to Appreciate the Appreciation
Saturday, June 6th, 2009Christian Jacobsen asked:
So, you are considering a move to Utah? Excellent choice! The Salt Lake State boasts a booming economy, low unemployment, and, best of all, the Utah real estate market has never been stronger. Once ranked last in the country in terms of home appreciation, Utah rocketed into the Top 20 in recent years, and one city - St. George - moved to the No. 4 spot, with an average home appreciation increase of 35 percent.
‘But wait a minute,’ you ask, ‘a 35 percent increase in the price of a home - doesn’t that make housing expensive in Utah?’ No, and this is the part you will appreciate: although the last few years have seen steady, healthy home appreciation in the state of Utah, this increase is by no means out of control: Utah still leads the country when it comes to low real estate prices. But aside from the fertile real estate market, there are many reasons to move to Utah; here are just a few:
1. Excellent Economy - Though known more for the Mormon Tabernacle Choir, Utah is in fact a major U.S. center for information technology, mining and transportation. These industries contribute significantly to the state’s enviable economy.
2. Scenery - Utah is one of the most beautiful and geographically diverse regions in the continental United States, with everything from snow-capped mountains and river valleys, to deserts with amazing rock formations, to cool evergreen forests.
3. Recreation - This amazing physical landscape lends itself to a huge variety of outdoor pursuits, from rock-climbing, hiking, and mountaineering, to skiing, mountain-biking, whitewater rafting, fishing and hunting. People travel from far and wide to play in Utah’s wild backyard.
4. Spectacular Properties - Utah real estate includes some truly beautiful homes, properties whose beauty is only enhanced by Utah’s spectacular scenery. The recent boom in Utah’s housing market means more homes - in a variety of styles - are being built all the time.
5. Schools - Utah is known both for its excellent post-secondary institutions and its fine public schools. Grades in both language and math are above average, and the student to teacher ratio is a low 22:1.
6. Quality of Life - Utahns enjoy an exceptional quality of life: the cost of living compares favorably to the higher than average salaries here, while most people find that the rugged outdoors - mountains, forests and river valleys - contribute significantly to things like air quality, as well as to their physical & emotional well-being.
7. Investment - In 2006 Utah was the 6th fastest growing state in the nation. The booming city of St. George has the distinction of being the fastest growing metropolitan area in America for the first five years of the century! This amazing growth stimulates the economy in a variety of ways, and makes for an excellent investment climate
8. Climate - For many people, Utah’s climate is ideal. The four seasons are delightfully represented, and while winters can be chilly, they are by no means bitterly so, and the summers are warm and dry.
9. Retirement - Clean air, a mild climate, good investment opportunities, and countless amenities make Utah an excellent place in which to retire.
10. Expansion and Development - All the excitement generated by Utah’s amazing economic growth has created a fertile climate for development. Combine this with the room and need for development in Utah and it is no wonder that new homes and businesses are going up at an impressive rate. Furthermore, all this growth means an increase in social programs, services, amenities, and real estate values.
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So, you are considering a move to Utah? Excellent choice! The Salt Lake State boasts a booming economy, low unemployment, and, best of all, the Utah real estate market has never been stronger. Once ranked last in the country in terms of home appreciation, Utah rocketed into the Top 20 in recent years, and one city - St. George - moved to the No. 4 spot, with an average home appreciation increase of 35 percent.
‘But wait a minute,’ you ask, ‘a 35 percent increase in the price of a home - doesn’t that make housing expensive in Utah?’ No, and this is the part you will appreciate: although the last few years have seen steady, healthy home appreciation in the state of Utah, this increase is by no means out of control: Utah still leads the country when it comes to low real estate prices. But aside from the fertile real estate market, there are many reasons to move to Utah; here are just a few:
1. Excellent Economy - Though known more for the Mormon Tabernacle Choir, Utah is in fact a major U.S. center for information technology, mining and transportation. These industries contribute significantly to the state’s enviable economy.
2. Scenery - Utah is one of the most beautiful and geographically diverse regions in the continental United States, with everything from snow-capped mountains and river valleys, to deserts with amazing rock formations, to cool evergreen forests.
3. Recreation - This amazing physical landscape lends itself to a huge variety of outdoor pursuits, from rock-climbing, hiking, and mountaineering, to skiing, mountain-biking, whitewater rafting, fishing and hunting. People travel from far and wide to play in Utah’s wild backyard.
4. Spectacular Properties - Utah real estate includes some truly beautiful homes, properties whose beauty is only enhanced by Utah’s spectacular scenery. The recent boom in Utah’s housing market means more homes - in a variety of styles - are being built all the time.
5. Schools - Utah is known both for its excellent post-secondary institutions and its fine public schools. Grades in both language and math are above average, and the student to teacher ratio is a low 22:1.
6. Quality of Life - Utahns enjoy an exceptional quality of life: the cost of living compares favorably to the higher than average salaries here, while most people find that the rugged outdoors - mountains, forests and river valleys - contribute significantly to things like air quality, as well as to their physical & emotional well-being.
7. Investment - In 2006 Utah was the 6th fastest growing state in the nation. The booming city of St. George has the distinction of being the fastest growing metropolitan area in America for the first five years of the century! This amazing growth stimulates the economy in a variety of ways, and makes for an excellent investment climate
8. Climate - For many people, Utah’s climate is ideal. The four seasons are delightfully represented, and while winters can be chilly, they are by no means bitterly so, and the summers are warm and dry.
9. Retirement - Clean air, a mild climate, good investment opportunities, and countless amenities make Utah an excellent place in which to retire.
10. Expansion and Development - All the excitement generated by Utah’s amazing economic growth has created a fertile climate for development. Combine this with the room and need for development in Utah and it is no wonder that new homes and businesses are going up at an impressive rate. Furthermore, all this growth means an increase in social programs, services, amenities, and real estate values.
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