If you’re looking to relocate or have the flexibility to move around, why not choose a place that has it all? Historic landmarks, major metropolitan areas with booming job opportunities, charming small towns, tons of nature, and a key point to connecting various regions of the U.S.
That’s right, Pennsylvania or the “Keystone State” is the perfect destination for people looking to create the life they want. Pennsylvania is smack dab in the heart of the mid-Atlantic and has something for everyone. It’s no wonder their state tourism board boasts the slogan “Pursue your happiness.”
So what exactly is it that makes Pennsylvania so special — especially for remote workers? Let’s take a look.
The Pros of Moving to Pennsylvania
Pennsylvania is highly underrated — this special state is special because of its rich history and location. Pennsylvania has an interesting geographic location as it touches the Northeast, the South, the Atlantic seaboard, and the Midwest.
PA acts as a bridge between the various cultures and histories across the U.S. Here are some of the top reasons why you should put PA on the top of your list:
Plenty of job opportunities:
Pennsylvania is a BIG state and has the benefit of housing several established industries and corporations, as well as an influx of startups and entrepreneurs. If you don’t arrive to PA with a job lined up, chances are it won’t take you too long to find one.
Low cost of living:
Pennsylvania is not too far from NYC, yet the rent prices are nearly half, and the real estate prices are even more. In addition to lower housing costs, Pennsylvania also has a very low income tax. Additionally, healthcare and utility costs run below the national average.
It certainly helps to have a state with so many outdoor activities to promote good health, but Pennsylvania’s healthcare can also be attributed to the incredible health organizations and universities across the state.
Tons of educational institutions:
Whether you’re looking to study yourself or you hope to have a family one day, the Keystone State is chock full of top-tier universities — Penn State, Carnegie Mellon, the University of Pennsylvania, the University of Pittsburgh, and Temple University.
Enjoy all four seasons:
Another benefit of living in PA is that you’ll get to experience all four seasons. While the harsh winter is often touted as the biggest con to living here, if you enjoy all types of weather, then Pennsylvania is a good match.
Pennsylvania may be one of the most historically important states in the whole country. The Declaration of Independence and the Constitution were written here, you can see treasures like the Liberty Bell and it’s home to Hershey’s chocolate
The reasons above should be enough to convince you to start looking into Pennsylvania land. A state as rich in history as it is in opportunity as well as close proximity to major landmarks are all great reasons to begin exploring. If you’re a remote worker, then Pennsylvania may be the best place to build the life that you want for yourself.
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Can You Buy Land Using Cryptocurrency?
As of 2021, there were more than 300 million people using cryptocurrency—almost as many as the entire U.S. population. And with so many people engaging in digital banking, it begs the question: are you able to use cryptocurrency to buy land?
It stands to reason that cryptocurrency can be used to purchase virtual assets, such as those that exist solely in the metaverse. Things get a bit trickier when you want to buy actual physical property, but buying land with crypto isn’t impossible, and it might even become standard practice as more and more people invest in Bitcoin, Ethereum, and other forms of digital currency.
If you’ve got virtual cash to spend and you want to put it toward a land purchase, here’s what to know as you get started with the process.
Buying land with cryptocurrency
Crypto real estate is becoming more popular, and not just because there are so many people eager to ditch traditional banking systems in favor of a digital account.
The blockchain technology behind cryptocurrency promises safer, faster, and more secure transactions between buyers and sellers, and that can be an advantage when you’re making a land purchase. For sellers who are specifically interested in dealing in crypto, having a buyer who wants to pay with digital currency is also a big benefit, and will go a long way toward making your offer more attractive.
At the moment, the crypto real estate market is still in its early stages, so don’t be surprised if your desire to pay with cryptocurrency limits your options. If you’re really set on it though, you could possibly make it happen—you’ll just need a bit of luck and flexibility.
So, can you buy land with cryptocurrency?
The answer to this question, at least for now, is maybe.
Cryptocurrency is becoming an accepted form of real estate financing, but you’re limited in a number of ways. Most notably, you can only buy land with digital currency if the seller is willing to accept it. Likewise, you probably won’t be able to combine crypto with traditional bank financing, so unless you’re able to pay for the entire purchase at once, you could struggle to come up with the full amount that you need.
Keep in mind that the market you’re looking to buy in will have a direct impact on whether buying with cryptocurrency is an option. While cryptocurrency real estate sales are starting to take off in big cities, it’s going to be a lot more difficult to find a rural seller willing to engage.
Converting crypto to cash
There is one easy solution if you have digital currency that you want to turn into a land investment: convert your crypto into cash using a cryptocurrency exchange.
Doing a conversion will allow you to use crypto to buy land while also meeting the requirements of the traditional market—and that could be a win-win when you’re ready to put your digital wallet to use. You can always use websites like CoinEPO to check the latest exchange rates.
Of course, conversion rates can and do vary, even from day to day. Keep a close eye on rates as you set your purchasing budget, and consider converting your crypto prior to starting your search so that you know exactly how much you’re working with.
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What to Know Before Moving to Virginia
Looking to relocate to Virginia? You’ll want to do your research first on what to expect, especially if you plan on investing in land real estate.
Virginia is the twelfth most populous state in the country, with a storied history that goes all the way back to the nation’s founding years. It’s also a stunning and centrally-located East Coast state with plenty of land diversity and a lot of opportunity for smart investors. As with any relocation however, it’s important to know exactly what to expect before you go, as well as what you need to know so that you can choose your ideal location within the state.
Fortunately, we’ve done your homework for you. Here are four things to know before moving to Virginia so that you can settle in with ease.
1. Population is up—and so are prices
Virginia ranks fifteenth in terms of state population growth, with a current growth rate of just over 15.5%. Compare that to nearby East Coast states like Maryland (11.16% growth), Pennsylvania (3.89% growth), and West Virginia (2.52% growth) and it becomes clear that there are a lot of movers choosing Virginia for relocation. What does this mean for real estate investors? Prices and competition are on the rise, and you’ll need to have a realistic budget in place relative to what you’re looking for.
2. There’s a ton of land diversity
Are you interested in moving to a city or to the suburbs? The coast or inland? Soybean country or wine country? There’s something for everyone in Old Dominion, and you’ll find vastly different real estate options depending on where in the state you’re looking. Connect with a local real estate agent if you’re unfamiliar with all of what’s available so that you can get a full idea of where you should set your sights depending on your interests and investment goals.
3. You get all four seasons
When it comes to weather, Virginia has it all. This includes hot and humid summers as well as cold winters with a good amount of snowfall. Lots of people love the four-season climate, but it’s still worth keeping in mind if you have preferences on way or the other—or if you’re interested in Virginia land for farming or recreation.
4. It’s a great place to retire
The saying may go that Virginia is for lovers, but more and more it’s also for retirees. Senior citizens in the state don’t have to pay tax on their Social Security benefits, and they can deduct as much as $12,000 from their pension and retirement income state taxes. Other perks include free classes for retirees at some of Virginia’s renowned colleges and universities, plus a wide range of retirement-friendly activities like golf and nature walks. Couple all that with low crime rates and it’s clear that Virginia is a pretty nice place to settle in your later years.
Want to see what’s available? Browse our Virginia land listings and take a look at current opportunities within the state, including land for sale in all types of Virginia terrains and environments.
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Pleasant weather, a good place to raise a family, and a growing job market have always been some of the top reasons that outsiders have found the South to be an attractive place to relocate, but as the U.S. navigates a post-pandemic reality, we’re seeing more and more people leave cities and opt for their southern counterparts.
Are you interested in a move or curious which areas may host the most opportunity? Here’s a look at some of the fastest-growing cities and the reasons behind their sudden boom.
Which cites are growing the fastest in the U.S.?
The South and the West are the two hottest spots across the country right now, and before getting into which cities are experiencing growth at the moment, let’s look into why they’re topping everyone’s lists of places to move.
Covid sparked change:
At first, many people desired to leave high-density areas due to the risk of infection, but there was also a transformational shift in how many of us were able to work. U.S. News points out that many American workers gained more flexibility and had the option to work remotely, meaning they didn’t have to be stuck in their employer’s city, which typically comes with a high cost of living.
Even before COVID-19 was part of our daily thought processes, many people were leaving expensive areas for places like Austin, Texas, and Raleigh, North Carolina, which showed promising opportunities for business investments and growth. They are relatively affordable metro areas with various job potential, and leadership across all sectors is taking note.
While many people’s first thought is that moving South will offer higher quality living for a lower cost, they don’t realize that many southern states don’t have a state income tax. Places like Texas, Florida, and Tennessee are among the ones that don’t.
Pre-covid many were looking for more open space and the opportunity to live more rural but well-connected. Many southern cities like Nashville, Lexington, Charlotte, etc., have all the amenities one could want but are much less overwhelming than places like New York City or Los Angeles.
Data shows that states like New York, Illinois, New Jersey, California, and Connecticut had the highest rates of outbound moves after the pandemic. These trends fall in line with the notion that more and more people sought to settle down in smaller, midsize towns and cities. Which areas were the most popular?
New Braunfels, Texas
South Jordan, Utah
Cedar Park, Texas
Fort Myers, Florida
Mount Pleasant, South Carolina
Round Rock, Texas
While many of the top growing cities are around Texas, states like Alabama and Florida have also seen an uptick in growth thanks in part to many companies relocating or opening southern branches. Do any of these cities on the list spark your interest? Check out current land listings around these areas, or look into listing your own land.
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Mexico’s incredible mix of rich history, iconic cities, and diverse landscapes have long made it a popular destination for Americans looking to invest in international land. Whether you’re looking to start a new life abroad or are interested in a vacation home, finding and purchasing land in Mexico is relatively simple.
If you’re starting to toy with the idea of looking for land in Mexico, here are all the things you should consider.
How to buy land in Mexico as a foreigner
Politics, the pandemic, and a handful of other factors have led to a boost in the real estate market in Mexico, and more and more Americans are heading south to find property.
That’s because it is relatively easy for Americans to purchase and own property across Mexico, with an exception being land on the beach or near borders (although there are some workarounds).
For the most part, there are no restrictions on the ownership of residential property in Mexico — meaning you can hold the title in your own name, or you can choose to hold it in a trust. Where things get tricky is when the property is near the coast or an international border.
Special considerations for land on the coast or near the border
If you’re eyeing a piece of property in either of these areas, you’re in luck because up until a few years ago it was nearly impossible for foreigners to purchase these types of properties. However, in recent years there have been some changes to the law and updates that make it possible.
If an American, or any foreign buyer, wishes to purchase land in these prime areas, they will need a fideicomiso. This is a renewable and transferable bank trust (that lasts for 50 years) that allows foreigners to acquire absolute and irrevocable ownership rights to property in Mexico.
The bank will hold the legal title of the property but appoint all of the rights of property ownership to the purchaser. This gives you the power to sell, lease, change, use, etc., with the property.
Apart from purchases that require a fideicomiso, buying property is about the same as what’d you expect in the U.S.
The steps to buying property in Mexico
- Find a realtor or search for your dream property solo.
- Document the deal with a sales contract, but be aware that the legally binding document will be in Spanish as it is Mexico’s official language, but your realtor should provide a copy in English if needed.
- Pay the deposit, which is typically around 5-10% of the sale price.
- A notary will step in to help with the last few steps, such as getting permission to complete the purchase. You’ll need to sign an agreement that you’ll be bound by Mexican law in any real estate dealings. In Mexico, notaries are appointed by the state governor and must be an attorney with at least five years of experience. This means they will be your representative in the process and not represent the seller or be an impartial third party.
- Pay your closing costs, taxes, and fees, and within three months of your closing date, the Public Registry will issue the final deed (escritura) to your property.
Some of the most popular areas for retirees and/or investors have consistently been San Miguel de Allende, Riviera Maya, and Los Cabos. Now that you have a better idea of what to expect, you can start browsing potential properties in Mexico!
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If you’re looking for a place that has it all, you may be surprised to learn that Rhode Island may be the spot you’re after. Beaches, all four seasons, tons of outdoor activities, and big-city art and cultural things to do—the Ocean state has a little bit of everything for everyone.
Rhode Island is best known for its sandy shores and Colonial seaside towns, but there’s plenty more to consider even if you’re not in the market for waterfront property.
So, what exactly can the smallest U.S. state offer? Plenty! From great weather to historical and cultural events, you may be surprised at what living in Rhode Island could look like.
Reasons to Move Rhode Island to the Top of Your List
An affordable East Coast option:
Want to settle down on the East coast? Rhode Island may be your best bet! Thanks to expanding employment opportunities and the look and feel of other East Coast cities like Boston or New Haven without the hefty cost of living, Rhode Island’s capital Providence is one of the most affordable places to live in the region.
Many uses for the land:
You may think there aren’t many options, with it being such a small state, but while small, Rhode Island has it all. Great hunting opportunities like whitetail deer, water-fowl, small game, and an impressive trout stocking program for freshwater fishing. Diverse farming prospects such as greenhouse and nursery products, dairy products, sweet corn, aquaculture (seafood), and apples are among the most common. Not to mention the 400 miles of coastline make it the perfect place for those who love being on the water. A surprising fact – homesteading has also become more popular in this tiny state over the last few years.
A paradise for the history lover:
Rhode Island was one of the Thirteen Colonies meaning when you land in Newport, you have over 400 years’ worth of history to check out! In addition to Rhode Island’s colonial past, in recent years, the state government has made it a priority to uplift and acknowledge the rich Native American history of the people who first inhabited the land.
Always something to do:
So many love Rhode Island because they get the slower pace of life outside of the big city without feeling like they’re totally isolated or living too far from the action. Rhode Island, and particularly Providence, constantly has festivals and events going on. Between the outdoor activities and social occasions, you’re unlikely to get bored.
Because the state itself is so small, you can get practically anywhere in no time! Driving between the furthest points of the state (Woonsocket to Westerly) is only an hour. Additionally, public transportation (intercity buses) is low-cost.
After reading through those facts, what do you think? Will you be looking for land in Rhode Island any time soon? Check out Land Hub’s current listings to see what properties are available and if you’re considering selling your own Rhode Island land, then be sure to use this article to help promote your property!
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