Why Buy Colorado Springs Real Estate Outside City Limits
Have you ever wonder how cities sprawl? It begins with common sense, land prices and comes with lower taxes. Purchasing Colorado Springs real estate outside the city limits may come with these advantages. And some buyers may qualify for cost-effective USDA loans.
Residents of the unincorporated towns and communities may have private wells but most of their services come from El Paso County. A few exclusive neighborhoods also offer privatized amenities such as paved access.
El Paso County Unincorporated Communities
El Paso County spans 2130 square miles. The city limits of Colorado Springs encompass 1/10. There’s plenty of wide-open land. Anyone who loves hiking and biking, horseback riding, cross-country skiing and other recreation may consider looking at properties anywhere outside the city limits. El Paso County is home to mountains and forest lands as well as agricultural areas. Take a look at some of the smaller communities around Colorado Springs, places like Falcon, Black Forest, Security, and Widefield.
It’s true that any of these communities could go to incorporate at any time. Commonly, however, the outlying communities are perfectly happy living in unincorporated communities. The Colorado Springs Business Journal quotes Ed Duffy who owns Easy Street Designs in Security. Duffy explains: “I like living unincorporated in El Paso County because I don’t see the benefit in an extra layer of bureaucracy and taxation…The county is doing a fine job doing everything that we need.”
Annexation Always Possible
But there are no guarantees. Over time, some of the outlying communities may be annexed by the bigger city. This affords access to city water and city services such as trash pickup.
Financing Ease with USDA
Another reason some buyers head to rural areas has to do with the government sponsored financing available through USDA. Designed to populate the countryside, USDA loans usually accommodate families in towns with under 10,000. They make it easy for many to get into properties with no down payments. There are options to wrap the low closing costs into the loan amount. Monthly mortgage insurance is not required. Generally, the loans offer low interest rates and flexible payment options.
REMAX Agents El Paso County Colorado
If you are interested in Colorado Springs real estate in El Paso County, please contact top REMAX Realtor Ann Heiring at (719) 440-1010 or Toll Free at (800) 246-8978.
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