It is not a good feeling getting closer to retirement and realizing that you don’t have much to your name. If you don’t own a home or piece of land you might wonder what you’ve worked for all of these years. Long days at the office or behind the cash register have been for what when you don’t retire with a nest egg?
Lucky for those of you who are approaching retirement it is never too late. More retirees are choosing to find lands for sale and invest in vacant properties. Even though it is considered to be a high-risk investment there are a few secrets to ensure that your money spent is not all for naught.
The main trick is to find cheap land in an area has yet to be developed but are expected to see a boom sooner rather than later. If this is something you’d be interested in start looking for your piece of land investment in these American states where property is still extremely affordable.
If you plan on retiring with a fishing rod in hand or you just want some opportunities to enjoy the great outdoors Arkansas could be the place to do it. They have everything from fishing to hiking to golfing and the best part is the land is inexpensive. Even though the economy is growing by the day the cost of living is low in Arkansas, making the cost of a land purchase low as well.
West Virginia is right smack dab in the middle of the Appalachian Mountains so you can be sure to retire with fresh mountain air filling your lungs. In addition to mountainous terrain West Virginia brings tourists from all over the States for its many historic sites pertaining to the Civil War. If you’re hoping to buy land here you should do it fast because it has one of the fastest growing economies in the US.
For retirees who want sunshine all-year round there is not better place to invest than in Arizona. Tourists come to the state to see the Grand Canyon but residents choose to live there for its continuous sunshine throughout the year. The average price of a 91,000 square foot piece of property is just $45,000.
Tennessee would be the perfect state to dump some cash into if you love all things music. There are certain areas where the real estate is extremely expensive but some areas where it has yet to take off. The major perk of purchasing land in Tennessee and establishing some roots there is that the state requires no income tax.
Start your search in Unicoi County, Tennessee which is surrounded by mountains in the northeastern part of the state. As of 2018 the average cost of a 250,000 plot is about $60,000. You never know, maybe you’ll start liking country music for the first time and don the signature orange in support of the Tennessee Volunteers.