Buying Land In the Lone Star State — Perks of Being a Texas Landowner
It’s no secret that in the last couple of years, stringent regulations and high taxes elsewhere have sent many people flocking to states like Texas. After all, Texas is pretty pro-business, has massive land, abundant resources, a variety of industries, a diverse population, and much much more to offer. But these are not the only reasons why people are choosing states like Texas. As populations grow and people are living closer together, Texas is an opportunity to return to the old wild west, to get a taste of the untouched Texas lands that have contributed to countless movies and cowboy folklore. So we thought we’d take a look at a couple of unique reasons why buying land in Texas is not only a good idea but can be quite a lucrative decision for your life and future investments.
Texas has a great variety of terrain and lands to fit anyone’s wildest dreams. This is by far the best benefit of becoming a landowner in the great state of Texas. Not only does the state have a great reputation for a robust economy and an innovative spirit, it also offers land for everyone willing to take on an adventure of a lifetime. And becoming a landowner is, in fact, a great adventure!
The state has wild rolling hills, mountains, thick grasses and rolling grasslands, as well as desert lands and great combination of wildlife, plantlife, and more. When buying acreage in the great Lone Star State you have some choice as to what to use your land for. This may include:
- Off the grid living
- RV camping
Tax Benefits Including Exemptions
Texas landowners may qualify for a wildlife or an agricultural and timber exemption. These exemptions will help people to reduce their property taxes significantly every year. This, of course, applies to folks that use their land or part of their land for grazing land, timberland, and wildlife preservation.
The Ability to Write Off Expenses
Another tax benefit for a Texas landowner includes the ability to write off expenses. This is another financial advantage that many other states don’t offer. If you choose to use your land for farming, you can write off expenses that are farming related or expenses accrued through farming. At the same time, if you build necessary infrastructure on your property, you may be able to claim the interest on the construction loan.
A Lucrative Investment
Buying Texas land is a great investment regardless of the intended purpose. Yet, many people seek to buy land for the purpose of making some kind of profit off their land. You might want to start a business on your land. And whether you choose to open up a barbeque restaurant, and Airbnb, hunting grounds, campgrounds, or an outdoor shooting range, your land can be a gateway into setting up a consistent and reliable revenue stream.
Less Regulated Options
Many cities and metropolitan areas are often limited to what they can do because of tight zoning laws and regulations. When it comes to raw land in Texas, you have great freedom to decide how to develop your land. This allows you to think wild, when it comes to the open possibilities for your land. While you might need to get approval from local authorities or municipalities, it’s usually a pretty straightforward process.
Equip Your Land With Necessary Amenities and Utilities
If you purchase raw land and want to set up a business or some kind of establishment there, you will probably have to set up utilities in that land. This is easy! Installing utilities in your land can be done by contacting the local authorities. When it comes to water, of course, this might require a well. Nevertheless, adding the utilities on your space is an easy part of the process and will set you up for whatever your business happens to be.
Affordable and Accessible
Among so many of its great characteristics, one of the things that separate the Lone Star State from the rest is the land mass. After all, you can fit all of the UK in Texas about 2.8 times. Because of the abundance of land and the variety of it, raw land in Texas is actually more affordable and accessible than many people might think.
So perhaps you might not be able to afford the acreage out of pocket, but because of the vast resources of the state, there are plenty of lenders that specialize in financing raw land purchases and help land investors make the right choice.
Become a Texas Landowner and Reap the Benefits and Beauty
When you buy land in Texas, you are not only reaping the financial benefits, but you are tapping into a state of great beauty and abundant life. Becoming a landowner means that a little piece of this great state is now in your hands and you have the great responsibility and privilege to make the best of it. Check out the acreage waiting for the right owner at Lone Star Investments.