From the Mississippi River, Baton Rouge and many other popular attractions, the state of Louisiana has much to offer,
especially for those who wish to purchase properties.
Real estate data relating to home costs reveal properties in the state have increased in value by around 9 percent –
making the area a great place to make an investment. House tours and paying close attention to market trends can
help you decide if Louisiana is your next destination as a homebuyer.
What is the average price of land in Louisiana?
The average cost of one acre of land in Louisiana is around $12,900. With a temperate climate and a wide selection of
land types, Louisiana land offers excellent conditions for crops to grow. For these reasons, the state has a booming
agricultural community, making land sales a high commodity.
The state is also great for those seeking to purchase land to build a home on, as many areas offer gorgeous scenic
views and local resources.
Is it hard to buy a house in Louisiana?
If you’re a first-time homebuyer in the state, you’ll want to have a credit score of at lease 580 and a 3.5 percent
or more down payment of the total cost of the property you wish to purchase.
The state does offer programs to first-time homebuyers, those with low income and veterans to ease some of the
financial stressors that come with owning real estate.
Certain areas within the state even offer tax credits up to 40 percent of the annual mortgage loan interest payments,
with a max of $2,000 per year.
What style are houses in Louisiana?
If you take a peek at many of the houses for sale in Louisiana, you’ll notice many have a Greek Revival, Creole and
French colonial style. Features often include large columns, porches and frames made of either wood or brick.
However, consumers personal styles often vary, so many areas offer new construction with more modern designs.
Collaborating with a real estate agent, you can get access to up-to-date information deemed reliable to find a
wonderful property in Louisiana for your next move.