Vermont market in 5-10 years

[Martha Nowlan]

Hey Vermont! I have a lot of people ask me throughout the course of doing business and I'm curious to hear everyone's thoughts. What are the next hot markets in Vermont? Where are we going to see prices going up, where is everyone going to want to live, etc, in 5 years 10 years? Heck, even 2 years. Is Barre really going to revive itself? Rutland? Are people going to get sick of the "cities" and move to more rural areas? What do you see happening? AND in this case, where would you invest in real estate if you were looking out at long term equity?

Okay, GO!

[Tom S.]

@Martha Nowlan  Thanks for starting this thread!  I always think Chittenden county will be the hottest area of VT.  The schools, the jobs, airport and highway access, and of course the lake are all big pluses.

From a rental perspective, the fact that there's natural gas there is huge.  Far cheaper cost and maintenance wise. VT just passed that oil tank law so I'm currently paying $2,000 per tank per property to replace my older ones.  Except for my Burlington properties because there's natural gas there.

I believe the Montpelier area will also be a good investment, also smaller college towns like Northfield or Middlebury.

- Tom