Maine Real Estate Investment (The Pine Tree State)
While a vast majority of Maine is forested, the beautiful shoreline dominates the state. Maine real estate prices, however, are surprisingly reasonable.
Maine is one of the more beautiful states in the country. Travel inland and you will find pine tree forests everywhere. In fact, nearly 80 percent of the inland areas are covered by forest. Within these forests you’ll find raging rivers, peaceful vistas and a true bonding with Mother Nature. Head out to the Maine coast and prepare to be amazed. The coast is a collection of fishing villages, forested islands and rocky jetties that look like something out of a painting. Relocate to Maine and you’ll become a regular visitor of Bar Harbor, Acadia National Park and the Kennebunks.
Sitting on the coast, Portland is an amazingly beautiful town. In downtown, you’ll find historic brick buildings winding down surprisingly quiet streets. Head closer to the shore and a picture postcard harbor confronts you with supporting lighthouse. Portland is a good place to relax and go about life at a relaxed pace. Highly recommended if you’re considering relocating to Maine and have kids.
Once a well-known lumber center, Bangor is an average city by all accounts. Nothing outstanding, but nothing terrible. So, why mention Bangor? Bangor is a great launching point for outdoor activities. If your idea of a home is simply some place to sleep between fishing, hiking, rafting and so on, check out Bangor.
Bar Harbor is the surprisingly small summer retreat of the wealthy. During the industrial revolution, the town catered to the affluent, but things have changed. Bar Harbor is now a pricey tourist town. The major industry seems to be tailored to fishing trips and the like. There isn’t much to see, but the atmosphere of the harbor is worth a visit.
Maine Real Estate
Maine real estate prices are all about proximity. Generally, you’ll pay more the closer you are to the coast. The average home in Portland will run you $370,000 while the same home in Portland will cost you an additional $100,000. Appreciation rates for Maine real estate in 2005 were 13 percent, the same as the national average.