Colorado is known for its majestic mountains and rich history. The state also offers an abundance of opportunities for newcomers to start fresh. One of the best ways to find out if moving to Colorado is the right choice is to look at the facts.
You’ll want to get to know the state before settling down, particularly if you have plans to become a small business owner upon your move. To help, Realtor Brian Chandler offers these tips to help you learn the ins and outs of the Centennial State.
Living in Colorado
In general, Coloradans have relatively high incomes. While there are families with low incomes, the median salary per household is between $82,000 and $85,000. What’s more, these averages are $10,000 to $15,000 higher than the national average.
Things to Know about Sales Tax
Did you know that Colorado has some of the highest sales tax? In some places, you can expect to pay as much as 11.2% sales tax. While the state sales tax is only 2.9%, some cities tack on additional sales tax. So keep this in mind when you plan to move to Colorado.
You should check what the sales taxes are in various s counties to ensure you don’t move somewhere that has a higher sales tax than another county.
Lots to See and Do
If there’s one thing Colorado isn’t in short supply of, it’s beautiful sights. From the stunning mountains to the numerous parks and walking trails, you’ll never lack things to do.
And if you prefer to be surrounded by nature as opposed to the city, talk to Realtor Brian Chandler about possibly finding a home that’s away from the city life. This could help lower how much you spend on your house, too, so it’s important to consider all of your options.
Buying Your Home
It’s important to keep in mind that the median cost of homes in the US is around $500,000. Talk to your real estate agent about your home needs, and be upfront about your budget.
You’ll also need to plan for schooling and commuting (if applicable). Do you want to be closer to work and school? Your realtor can help you factor the essentials into your move.
Finding a Reliable Doctor
Moving to a new area means you’ll have to find a new doctor. This can often be difficult, as you may have to wait several days to get an appointment. Thankfully, you can get in touch with a licensed medical professional using nothing but your smartphone. There are many benefits to having an online doctor, including same-day appointments, specialized care based on what you need, and the ability to speak to a doctor from the comfort of your home. If you can’t find a doctor you trust locally, telehealth is a fantastic option.
Starting a Business
Many people move to Colorado with a plan for entrepreneurship. If this is something that speaks to you, be sure to gather all the information you need so that no details are left behind. When you want to start a business, there is a laundry list of tasks to accomplish. This includes developing a business plan, making sure your idea is a moneymaker, choosing the right business structure, registering with the state, joining the local chamber of commerce … and that’s just the tip of the iceberg.
In addition, you will need to think about your new business location. Do you plan to operate out of your home or a commercial building? The more detailed your business plan is, the better your chances of success will be.
If you are considering a move to Colorado, or are in the process of doing so, I hope this post has been helpful. I have shared some tips on how to settle into your new home and community, as well as information on how to start your own business. Moving is always a big change, but it can be an exciting one too. I wish you all the best as you make this journey and explore all that our beautiful state has to offer.
Real estate pro Brian Chandler of RE/MAX Alliance Group is a top producer and sales trainer located in the Parker, Colorado, area. Whether you’re buying or selling, team up with Brian today! 720.808.1007 Read more articles like these Top Realtor Info Contact Brian Chandler
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