For everyone who claims to hate Texas, there are a million people who love it. The economy has weathered the financial storm better than many states, the weather is mild compared to many places, and the cost of living is much less expensive. People want to live in Texas. That means the real estate in rural Texas is still hot, despite the national real estate climate.
For the cost of one urban location…
There are prime plots of real estate in Central Texas that sell for unbelievable prices. For the cost of one urban location about the size of a postage stamp, you can own 25 acres and a home in Texas. Solitude. That’s what you’ll hear urban transplants say. They want the solitude of owning rural real estate. The price isn’t bad either.
Raw land is rich land
Once a slab of concrete has been poured on a patch of land, that’s about as far as its potential will go. Many rural real estate experts will tell you that raw land is rich land. Raw land is a piece of real estate that has not been developed. It typically has no utilities on it, much less a house. It’s only improvements may be cross fencing for cattle, a possible pond, and maybe a windmill. Otherwise, this prime real estate is yours to make into a dream ranch. It’s getting harder and harder to find land like this.
Property taxes
Typically, these big patches of real estate have been used to run cattle. That means they have agricultural tax exemptions. 30 acres of land in Texas can have a tax rate that is a third of your small lot in the city. Therefore, rural real estate makes a great second home option.
Grab a cowboy hat! Now, you’re a Texas rancher.