The high cost of living and the wish to build equity are the two main reasons why more Americans are moving to rural areas, with a recent survey showing that nearly 50% of adults in the U.S. said they would prefer to live in a rural zone or small town. Recent world events—including the current global health crisis—have led to a greater appreciation for the freedom and wide-open spaces that are accessed daily by rural dwellers. If you are thinking of making a move to the country, is it the right time to do so or should you wait a bit before diving in?
A Positive Time for Land and Home Buyers
Many people looking to build a ranch or country home from scratch are looking for land for sale in Texas and other states with abundant green space. From an investment perspective, now is a good time to buy a home—if you can find one. The recently published report Texas Housing Insight by the Texas Real Estate Research Center, for instance, has shown that rates on fixed 30-year mortgages have dropped by 2.8% and that housing sales have dropped by 0.9%. A home purchase mortgage also differs from mortgages on land so keep this in mind. The demand for homes is also elevated and there is a historically low level of inventory available for sale. The perspective is more promising for those wishing to invest in land and build their dream home from scratch.
Prioritizing Your Health
For many Americans (and indeed, people across the globe), the past couple of years have been stressful and chronic stress is linked to a host of health issues, both physical and mental. The advent of remote work has made it possible for many employees to carry out their functions from home without a problem. If you are currently telecommuting and you dream of working from home while you are surrounded by nature then making the switch will indeed bring many health benefits. Many studies have shown that people who live in green areas have lower stress levels than those residing in urban zones. They also tend to have a lower risk of obesity, high blood pressure, and high blood sugar levels.
Enjoying Country Living
Country living doesn’t need to be exclusively nature-based. Indeed, states like Texas are home to a host of big malls and a bevy of cultural centers, including the Latino Cultural Center, the South Dallas Cultural Center, and the Emma S. Barrientos Mexican American Cultural Center. You can catch everything from musicals to dramatic theatre performances and visit museums featuring both contemporary and historical art. If nature adventures are more your thing, then you will certainly be spoiled for choices, with swimming holes, lakes, wildflower meadows beautiful summit views, and so many more green spots vying for your attention.
More and more Americans are choosing the country lifestyle. The freedom and space afforded by rural living appeals, as does the chance to buy more affordable homes than those being sold in big cities. Lower mortgage rates are tempting even though the demand for homes remains high. Investing in land, meanwhile, is a good choice for buyers who are interested in embarking on a home construction project.