Looking to re-locate when you retire? How the pandemic has expedited that for many retirees.

Have you been thinking of relocating when you retire?  Many have a bucket list or dream of owning a homestead or ranch. Or possibly something off the beaten path once you no longer have to participate in the workforce. If this is you, you are like millions of Americans. Americans work their entire life to be able to set themselves up for retirement come age 65.

Thanks to the coronavirus pandemic, this time frame may be shortened for many looking forward to their retirement dreams! Several companies have added the option for employees to work from home for the rest of their career. This includes Twitter, which has said its employees can keep working from home “forever.”

What does this mean for those wishing to retire?

“The pandemic was unexpected, working from home was unexpected, but nonetheless many companies realized that workers can be just as productive working from home,” said Lawrence Yun, chief economist for the National Association of Realtors. What does this mean? Well, this means we may begin to see a boost in people buying retirement homes before their retirement.

This also includes RV’ers. An estimated 1 million Americans have chosen to retire in an RV, spending at least part of the year on the road. It’s not just Baby Boomers that are gravitating to this way of life. Many millennial’s are also embracing the minimalist idea of living life on the road. For a small investment (the cost of your recreational vehicle), you could be living mortgage free anywhere in the US.

Quemado Lake, NM

When choosing on where to live, retirees have cited three areas to be of the most importance: proximity to family, cost and health care. Another huge factor retirees look at is the weather. There has been a general migration to warmer climates like Arizona, Nevada and New Mexico for their more temped weather conditions.

People are taking advantage of the freedom to base their decision of where to live not solely on proximity to work. This opens the door to numerous possibilities. Do you buy a small plot of land? With land prices at an all time low, folks are able to leave the big cities and secure themselves a nice slice of rural heaven! Couple that with the low cost to build modular or post up in an RV and the options are endless. Visit www.swproperties.com to see how to become a landowner and plan for your future retirement!

6 Reasons to Buy Land

There are several reasons why investing in land is a great investment, but in this article we will just focus on 6. When thinking of your traditional investment opportunities, many do not even consider the option of purchasing land. Understandably so – people aren’t always willing to think outside the box when it comes to their money. Here are 6 reasons that may make you consider being a land owner:

1. Land is a Finite Resource

Land is scarce; meaning, we aren’t making any more of it. In fact, due to development, we are running out of it. Couple that with a growing population and eventually this finite resource will be used up. Buildings can be demolished and replaced, land cannot.

2. No Management Necessary

Aside from paying property taxes and possibly Association dues, there are no management costs for carrying land. There are no upkeep costs, no property managers to worry about or pay. Land is the well behaved “Golden Child” of investing. In its natural state it will always be worth something.

3. No Depreciation

Land cannot depreciate because it cannot be destroyed or moved. Regardless of what the global economic situation is, you will always have something tangible that can be sold. Land is less costly to buy than developed real estate, simply because there’s nothing there (aside from the raw land obviously.) There are no improvements or additions to it that make it more or less valuable.

4. Versatility Options

Whether you want a piece of property for recreation, something to build on, farm or graze animals – land gives you a wide range of options. If none of these options appeal to you, you can always rent it out. Land gives you the opportunity to be creative and mold property how you want.

5. Land is Great to Hold Long-Term

Land is a smart long-term hold, allowing you to win the benefits of rising values. This is especially true if you buy in an area that’s due to expand and grow. However, it’s for the patient, smart investor, someone who is willing to hold for the long-term or pass it on as a legacy. You can hold it for a lifetime and leave it as part of an inheritance. There is a slew of possibilities while you hold the land that can be income producing as well whether it be farming, sign space rental, cell phone tower leases, etc.

6. Land is Easy to Buy

Land buying is typically quite simple. Like many things these days, the entire process can usually be done online. You can purchase when and wherever in the US you want! When purchasing land, you don’t need to rely on an expensive bank loan or mortgage. You might not need to take out any loan – you can always pay cash! A lot of private sellers, like our company, Southwest Properties, Inc., offer easy financing terms that make it easy to buy land on any budget. Plus, we do not require credit checks!

To recap, vacant land is one of the most overlooked and misunderstood real estate investments in the world. Land is a tangible, finite resource that is easy to purchase. Land requires no maintenance and is easy to purchase, even more so to own over a long period of time. The simplicity and stability that comes with owning the right piece of land can give you serious peace of mind for your investment. Arguably, land investing could be the most powerful strategy you use to build up your portfolio!

Covid Crisis Creates Work Space with a View

Since its explosion in to our country at the beginning of 2020, the Covid-19 crisis has forced many businesses to re-think how they do business. From the large commercial buildings housing hundreds of employees, to the small mom and pop shops. Companies have had to re-evaluate how their employees interact. Not only with each other, but with their customers. Businesses are now realizing that they can afford to do without the overhead costs of brick and mortar office spaces.

The ability to work remotely has some workers reconsidering where they’ve chosen to live. The Pew Research Center has said more than one-fifth of U.S. adults have either changed their residence, or know someone who has, due to the Covid pandemic. For instance, college students have left campus to return home to avoid overcrowded dormitories. Laid off workers whom are now unable to afford their current housing have been forced to move. And many are leaving communities they feel are unsafe.

Relocation becomes a real possibility for many

This trend to move away from urban areas and into more rural areas does not appear to be a fleeting one. If you’re lucky enough to work from home, the new question arises of where will home be? The appeal of more time with family and less time commuting seems to be quite appealing for millions of Americans.

With a work window view like these, who could blame them?!

Millions have been working from home since lock-downs began in the spring. As a result, some companies are now looking to do this permanently. HR professionals believe remote work will continue to grow even as the pandemic subsides. Home buyers are now seeking out larger homes and properties as the demand to be socially distanced expands. Importantly, as remote work and learning continue, the need for more space at home seems to be a real one for many families.

Will the remote-work model be the new normal? Will the ability to work remotely encourage people to sprawl even farther into exurban locations, far from the city? We think so, but only the future will tell.

If you are looking to relocate, consider buying land in New Mexico! Beautiful vistas and wide open spaces are what you will find.