According to its residents, Utah is one of the best places to live in the country. And, for homeowners, the benefits are innumerable. Living in Utah means great weather, beautiful mountains, diverse culture, exciting outdoor recreations and great economic opportunities. With such amazing amenities, why wouldn’t you want to buy a home in Utah?
5 Benefits of Owning a Home Utah
Here are just five of the countless reasons why it’s a good idea to buy a home in Utah:
1. Homeownership Affordability
Owning a home in Utah means more home for the dollar. Unlike expensive, congested states, such as New York, buying a home here means a having a backyard, open space, trees, mountain views and fresh, clean air to breathe. And, you can get all of that, along with a nice-sized, modest house, if that’s what you desire, for the cost of a Manhattan apartment rental. So, you can only imagine what you get when buying high-end homes in Utah cities, such as Park City.
2. Real Estate Market Recovery
The state of Utah suffered through the burst bubble, foreclosure crisis and economic downfall, just like the rest of the US. However, the recovery here in Utah has been much faster than many other states. And, the foreclosure rate has been substantially lower than other Western states, such as Arizona, Nevada and California. As a matter of fact, Utah was profiled by the Christian Science Monitor because of the great job it was doing making an economic recovery as far back as 2010. The periodical rated the great state of Utah #4 in Job Growth Nationwide, which includes the following flourishing industries:
- Government Services
- Information Technology
- Research Technology
3. Colleges in Utah
Utah prides itself as being one of the country’s most educated populations. The state puts great value in its higher learning institutions, which includes 18 private universities, state colleges and accredited vocational schools. And, the state believes in having a diversity of higher learning institutions. That’s why they’re located all over Utah, in both rural and urban communities. They also feature some of the most respected law, undergraduate, graduate and doctoral programs in the US.
4. Business and EmploymentOpportunities
The great state of Utah was rated #2 in the country on The Pollina Corporate Top 10 Pro-Business States List. This rating was based on the following factors:
- Economic Incentives
- Human Resources
- Affordable Energy Costs
- Low Tax Rates
- Much more…
Utah has continuously proven itself to be among the big players in the international and national business worlds. That’s because it’s good at attracting some of the most lucrative big tech businesses in the entire world. Some of the large employers that have settled in the blossoming deserts of Utah include:
- EA Sports
These are just some of the booming corporations that have built corporate headquarters lining the local Wasatch Front. Some say, it’s quickly growing into a “Little Silicon Valley.”
The state of Utah is really growing fast. There are new housing communities constantly being built all across the valley. And, the state, county and city governments are doing great jobs of keeping up with this growth. There’s the high-speed rail system, just installed a few years ago. Traffic flow keeps improving, as track systems expansions are continual. This also helps commuters, as these tracks run within the cities, hitting major cities and destinations.
Owning a home in Utah allows you to invest in real estate that will continue to increase in value. From education to job growth, from diversity to affordability, Utah makes homeownership even more valuable than ever before in the US.