Why People Should Invest In Real Estate In Minnesota

Image source: ci.rosemount.mn.us

Image source: ci.rosemount.mn.us

Minnesota is a great state to live in. There are over 10,000 lakes and a lot of nature trails in and around hills and mountains. It is a paradise for nature lovers and adventurers alike, and it is host to a number of places which rank high in overall standard of living in the United States. Here are two very important reasons people should invest in real estate in Minnesota:

The cities and towns are amazing.

Cities such as Chanhassen and Rosemount offer pleasant and cozy lifestyles. With affordable housing and top-ranked education, people looking to invest have lots of choices for neighborhoods within these two cities. Greenwood, which is a small town on a lake, is probably the best small town in the state. Low crime rates and good schools have been winning over investors. Then there’s Northfield, which is a quiet town perfect for retirees, with two colleges and great local businesses that enrich the community experience.

There are lots of things to do and places to visit.

The city of Duluth has what is known as the Ultimate Duluth Experience Tour Company, which takes visitors on a historical and nature adventure. Tourists can visit breweries, and go on kayaks or bikes on several nature trails. That’s just one of the many things everyone can do in Minnesota. There are countless orchards and gardens to visit, and endless parks and trails to explore.

Steve Liefschultz helps people in Minnesota manage their finances, and assists them in investing in real estate. For more on Minnesota, subscribe to this Twitter page.

Minnesota Tops AARP List of Best States to Retire In

AARP, a nonprofit, nonpartisan organization that advocates for the elderly, has ranked Minnesota first in its list of the best states to live or retire in.

Image source: wikimedia.org

AARP’s annual long-term services and supports (LTSS) scorecard aims to measure the performance of LTSS in five categories: affordability and access, choice of setting and provider, quality of life and quality of care, support for family caregivers, and effective transitions.

Minnesota was the only state to have scored in the top quartile for all five categories. It also ranked first in two categories: quality of life and care and choice of setting and provider.

Minnesota’s suitability as a retirement location has not gone unnoticed. The state is predicted to experience a sizable shift in demographics from 2020 to 2030. According to the Minnesota Metropolitan Council, in that 10-year period, for every one person of “working age” added to the Twin Cities’ population, there will be 21 people added to the retired group.

Although retirees have traditionally flocked to warmer states like Florida, Minnesota’s friendly citizens, beautiful scenery, and year-round outdoor and cultural activities, as well as the availability of senior services, have made Minnesota a popular retirement destination in recent years. It is also a favorite among investors and private developers eager to address the need for housing before the demand truly sets in.

Image source: states.aarp.org

Headed by Steve Liefschultz, Equity Bank is a locally-owned and managed financial firm that addresses the needs of real estate, agricultural, and business clients in the Minnetonka and Claremont areas. For more local real estate news and updates, follow this Twitter account.