Coldwell Banker King
Coldwell Banker King
Sheridan Cupp, Coldwell Banker KingPhone: (828) 275-0742
Email: [email protected]

Supporting Local Business Can Help Improve the Real Estate Market

by Sheridan Cupp 01/26/2020


 Photo by Vit Ducken via Pixabay

There has been a lot of concern about the state of rural America and how it's being affected by large businesses. Big box stores like are said to destroy local businesses, causing an economic drought in small towns. But despite the statistics, there's a bigger picture to consider. We'll look at how big businesses cause big and small changes alike for the rural homelands of America. 

The Dominos 

Many people living in a small town will tell you that big business destroys it from the outside in. In Winchester, IL, one local lawyer met serious challenges in trying to get a local market off the ground, largely because his main produce supplier backed out of their original deal. 

His concern is that if neighbors can't even buy a banana in their town, what exactly is their incentive to stay? There are about 5 million people living in rural areas that need to travel at least 10 miles or more to purchase fresh (not prepackaged or frozen) groceries. 

Real Estate in Rural America 

The story of grocery stores is an important one when trying to understand the larger effects of what big businesses do to small towns. These anecdotal tales support the larger real estate trends in America, in that there are few people moving to small towns. This lack of interest has caused very few property owners to improve or modernize properties in rural areas.

The scarcity of well-maintained homes has caused their value to increase. So while the average cost of a home in rural America may seem very affordable, it's likely because the home is in a state of disrepair. In addition, financing may be difficult to obtain, due to the lack of available lenders in the area. 

The Good News 

The people who still live in rural America are not prepared to let their communities fall by the wayside. Across the country, residents are creating (and supporting) local markets that offer everything from fresh food to homemade crafts. Other communities are offering everything from utility credits to free swim passes for families. 

There are also government programs available that incentivize people to move to rural areas and invest their efforts into the forgotten properties. USDA loans offer extremely reasonable interest rates and lending terms to buyers who want the chance to own their own home and participate in their community. 

About the Author
Author

Sheridan Cupp

Meet Sheridan Cupp - Realtor at Coldwell Banker King

Sheridan Cupp is a licensed Realtor with Coldwell Banker King. In addition to her capability in residential real estate home sales, Sheridan has managed luxury vacation properties and can help those interested in considering vacation rental property ownership.

Sheridan graduated with a Bachelors of Fine Arts in photography from the Savannah College of Art and Design (SCAD) where she also studied interior design, architecture and art history and photography. She has an eye for those important details that can enhance the prospects for showing and selling a home. Buyers benefit from her talent for seeing the potential a home can have with just a few affordable changes or improvements.

After college, Sheridan built a successful career as professional photographer. She has lived and worked in Asheville for the past fourteen years and knows the neighborhoods well. She is the proud mother of two teenagers and rescue pup Jake.

Her personal attention and dedication ensures each client will receive the focused professional attention they seek and deserve. She invites you to contact her for a get-acquainted cup of coffee.