A Comprehensive Guide to 1031 Exchanges

Are you interested in reinvesting your capital gains tax instead of paying it out? A 1031 exchange may work for you.

Put simply, a 1031 tax exchange allows for the investor to defer capital gains tax, which then results in more capital to invest in a substitution property. Normally, when an investor sells a property they must pay a portion of the sale in capital gains – both federal and state taxes. A 1031 exchange allows the investor to waive capital gains (for now) and instead invest in a replacement property.

Not only does this let real estate investors defer capital gains tax while buying and selling property, it also gives them access to exciting new investment strategies.

The IRS code dictates that the exchange must be done with “like-kind” properties, there are strict timelines to adhere to, and there must be a qualified intermediary involved in the transaction.

Investors looking for homes in Montana to lease out will find a number of attractive, newly built homes in the Belgrade area that will qualify as replacement properties to take financial advantage of the 1031 exchange. 

Why is it Called a 1031 Exchange?

Within Section 1031 of the IRS Code, you’ll find the essentials necessary for a successful property exchange. This exchange is recognized by the IRS as a means of deferring capital gain taxes.

Properties Eligible for 1031 Exchange

Not every property is eligible for this type of exchange; however, a number of properties are which means investors have more purchasing power than they may realize.

  • Single-family rental homes
  • Multifamily rental homes
  • Motels & hotels
  • Raw land
  • Offices & commercial properties
  • Farms & Ranches
  • Leasehold interests of 30+ years
  • Rental ski condo for a 3-unit apartment building

There are other eligible properties and to get more information, contact your tax advisor if you are interested in this type of exchange.

What Exactly Is a “Like Kind” Property?

Although this term is not specifically defined in the IRS tax code, professionals do have a definition for it. Any kind of real property that is held for productive use as in an investment, business, or trade may be considered like-kind property.

The kinds of property that can be exchanged in a 1031 transaction are very broad. For example, a single-family rental property may be exchanged for a duplex (or more), a shopping center, raw land, or even an office for apartments.

Any property that’s been relinquished that was held in investment will be in like kind with property with the intent to be held in investment.

Properties Not Eligible for 1031 Exchange

The main idea behind what might be eligible for a 1031 exchange and what isn’t, is the intent to which you purchased the property, and your intent for the exchanged property. Both sides of the equation must be that they are held in investment, so personal residences and partnership interests do not apply.

  • Real estate investment trusts (REITs)
  • Stocks, notes, or bonds
  • Personal residences
  • Flips for resale (though there is a possible way around this – if you flip and then rent for a period of time, it may be eligible after a certain time period, likely a year, for the 1031 exchange, check with your tax advisor).
  • New Construction

Tax Benefits with a 1031 Exchange

Reset Depreciation

The IRS allows owners of real estate to depreciate their assets. After 27.5 years, investments may be depreciated due to deteriorating conditions over time. After reinvestment is made into a new property, the depreciation schedule is reset.

Fewer Taxes

Investors can reduce the taxes they pay by exchanging property in a state that imposes income taxes with an investment opportunity in a state that does not have an income tax. Some states that do not have income tax include Nevada, Texas, Florida, Wyoming, and Alaska.

Deferred Capital Gains

This benefit is one of the primary reasons investors make a 1031 exchange. It allows the deferring of the capital gains tax upon the selling of a property until they cash out. There are no limits on how often this can be done, and for many investors, it’s a lucrative way to continually leverage their financial position.

Important 1031 Exchange Vocabulary

Relinquished Property refers to the property that the investor will be selling. It must be an investment or business property and not a vacation home or primary residence.

Replacement Property refers to the property that is to replace the relinquished property. It must be of equal or greater value and “like kind” to the relinquished property.

A qualified Intermediary refers to the person or the company that holds the real estate sale proceeds and subsequently facilitates the exchange. This person or company holds the exchange funds because IRS tax law dictates the seller of the property cannot or the funds will be subject to tax liability. The qualified intermediary can’t have any other formal relationship with the seller and must be a licensed professional. Overall, a 1031 exchange lets the investor reinvest the money that would normally be paid out to capital gains tax and put it into a replacement property.

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Moving to Montana? Your Complete Home Buying Checklist

Are you moving to Montana? Regardless of where you are moving from, you’ll need a complete home-buying checklist to help make your move to the Big Sky state as seamless as possible. After the chaos of the pandemic and its influence on the real estate market, things are finally settling down, and purchasing homes in Montana is easier and more affordable than ever before.

Save Up for a Down Payment

Your down payment is your first contribution to the home’s purchase price. You pay this at closing. The remainder of the balance is paid by your mortgage lender. Ideally, a 20% down payment is a great goal to strive for. However, there are various loans that can lower your down payment. Being able to contribute a healthy down payment will lower your monthly payment and the overall total cost of your home.

Determine What You’re Able to Afford

Figuring out your debt-to-income ratio is the first step toward creating a realistic budget and from there, determining what price range you’ll be considering when you start to look at newly built homes in Belgrade, Montana. Make certain to include all of your recurring bills and anything that you pay on a month-to-month basis.

Securing a qualified mortgage from most lenders generally requires a DTI of no higher than 43%, so shoot for that as you analyze and rework your budget.

Build Breathing Room into Your Budget

Taking the step to purchase a newly built home in Belgrade, Montana is an exciting one and you want to be sure that you leave sufficient breathing room in your budget for other day-to-day living expenses such as entertainment, indoor and outdoor furniture, as well as unexpected expenses that come your way.

Types of Loans

You may be eligible for various government-backed loans such as FHA and VA loans. These let you contribute 3.5% and 0% of the home’s purchase price (respectively). Conventional loans allow for down payments that may be as low as 3-5% as determined by the lender.

Here are other loans you might qualify for:

5/1 ARM Loan: this is an adjustable rate mortgage loan (ARM) that has a fixed rate for the first five years but then has a variable interest rate from the sixth year moving forward.

3-2-1 Buydown Mortgage: this loan charges a lower interest rate for the first three years of the loan. The first year is 3% less, the second year is 2% less, and the third year is 1% less. For the fourth year and beyond, the borrower pays the full interest rate on the loan.

Permanent Buydown: a permanent buydown allows the buyer to pay a large lump sum of cash to the lender to lower the monthly payments for the life of the loan. This is different than 5/1 ARM loans and 3-2-1 mortgages because interest rates are only lowered temporarily and not for the life of the loan.

Get to Know the Neighborhood

A bird's eye view of the Prescott Ranch neighborhood. When moving to Montana, it's best to know your neighborhood.

In many ways, the neighborhood where you decide to put down roots may be just as important as the home itself. Befriending neighbors, the schools your children will be attending, and your family’s house of worship, as well as community events, are all a part of what constitutes content and thriving life. Montana neighborhoods are coveted for their unique offerings of both superior outdoor recreational opportunities combined with folks who take great pride in a small town and family values.

Homes Available at Prescott Ranch

The homes available at Prescott Ranch are crafted in a variety of floor plans designed to meet your needs. These newly built homes range from single stories to three stories with 12 total plans across three series: The Morgan, The Appaloosa, and The Lusitano. These Prescott Model Homes are poised at the foothills of the Bridger Mountains. The homes blend modern and traditional styles to create an elegance that is unmatched in the Belgrade area.    

People who live in Montana tend to be nature lovers and prefer to take advantage of the gorgeous scenery and the larger, greener blueprint of the geography in the area. That’s why, with Prescott Model Homes, there is a comfortable and spacious spot for more than one vehicle. Each plan in the three series features either a two or three-car garage. Both the Appaloosa and Lusitano Series offer a more traditional look with garage bays as part of the front schematic while the Morgan plans are designed with the garage bays accessible along the back side of the home. You’re sure to find your own personal preference within the intricacies of these unique home layouts.

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The Festival of Lights & Annual Christmas Convoy in Belgrade, MT

If you ever thought to yourself that Christmas should be celebrated all month long, guess what, you are not alone. The folks in Belgrade, Montana keep December near and dear to their hearts not only for the revered holidays but also to kick off their Annual Christmas Convoy/Festival of Lights. Here, family, tradition, and the warm and joyous essence of illumination are fully embraced and highly anticipated.

In past years, there have been a number of fun family activities surrounding the festival of lights that have garnered much enthusiasm. It has become a festive occasion that draws the attention of all of Montana. In fact, living at the gorgeous Prescott Ranch in Belgrade gives you access to this wondrous festival of lights and is merely one aspect of the incredible sense of community that is fostered all year round.

Stroll through the Holiday Light Park

The Festival of Lights kicks off with a breathtaking winter wonderland situated by the walking path at the Belgrade Senior Center. Sparkling lights twinkle every evening in December from the time the sun goes down to about 11 pm. The Memorial Light Tunnels are also decked out in glittering lights and you’re likely to run into some inflatable characters from everyone’s favorite Christmas movies including the Misfit Toys, Rudolf and Clarice, and Frosty the Snowman. It’s a dazzling display for the young and the young-at-heart alike!

Sit Back, Relax & Get Captivated by the Christmas Convoy

Whoever said trucks can’t be beautiful, never caught a glimpse of the Belgrade, Montana Christmas Convoy! What can you expect to see? Logging trucks, semis, dump trucks, garbage trucks, and other types of trucks – over 75, in fact – all lit up and parading over a 7-mile long route. There is a convoy map so those watching the convoy can make sure they get to see it up close and personal. The Christmas Convoy takes place in December, and professional drivers are welcome to join in on the fun.

There may even be an opportunity to get to meet the drivers, grab a quick bite to eat at one of the many food trucks, and purchase a holiday gift at Truck Village at the Gallatin Speedway. Get prepared to be thrilled by fireworks, too.

Join in on the Belgrade Jingle Jog 5K

The Belgrade Jingle Jog 5K is open to everyone whether you would like to run, walk, skip or stroll along the route. Festive holiday attire isn’t required but it is highly encouraged! Entrants into the 5K are automatically signed up for the GET UGLY Christmas Outfit contest which takes place directly after the race.

So, grab your winter gear, and your ugly holiday sweater, and get ready to have fun with friends, family, and neighbors this holiday season. With several events taking place during the month of December, the Belgrade Annual Christmas Convoy / Festival of Lights is proudly sponsored by the Belgrade Community Coalition and intended for all residents and visitors to enjoy.

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What Is It Like To Live In Belgrade Montana?

To live in Belgrade Montana is to live with intention. From fly fishing along the many miles of scenic waterways to skiing the slopes, Belgrade, Montana truly has it all. It provides a more affordable and less populated alternative to the county seat, Bozeman which is a mere 15-minute drive away.

What Makes Belgrade A Nice Place to Live?

At the foothill of the Rocky Mountains, visitors, and residents of Belgrade are greeted every day by spectacular scenery. Those who adore nature and wildlife have much in store for them here. With a variety of outdoor activities, cultural events, and an abundance of conveniences, Belgrade spoils residents with its ‘hidden gem’ status.

Community-oriented neighborhoods such as Prescott Ranch in Belgrade make it easy to live a life of luxury, stability, and security, smack dab in a landscape that never fails to awe and inspire.

What is Belgrade, Montana Named After?

Thomas B. Quaw, an entrepreneur, located the land that is now Belgrade in 1882 and took a great liking to the area. He named it after the capital of Serbia in part to show his appreciation for the Serbian investors who financed part of the Northern Pacific Railroad.

Downtown Belgrade

This charming city prides itself in being home to a multitude of locally owned shops and businesses. A lively town of 10,000 people, downtown Belgrade offers many opportunities for antiquing, dining, and shopping. There’s a quaint, rustic atmosphere that runs through the city via a welcoming community who are loyal to their small town and to preserving its delightful character.

Eateries


Don’t let the small-town vibe fool you, though! There are restaurants to cater to every taste with a variety of cuisine from burgers and pizza to the more exotic, you’ll find culinary experiences like Cugino’s Pizzeria, The Local American Saloon, and The Wok. Stop in at the Madison River Brewery for a refreshing beverage and a chat with the locals.

Shopping

You might expect a town like Belgrade, Montana to have a few stores dedicated to outdoor adventure and you would be right. There are also shops to be explored that concentrate on art, gifts, and rustic furniture to help you bring the feel of the Big Sky indoors, leather shops such as RO Brooks Custom Leather, and places to discover antiques like Brass Monkey the Sandman. The shopper in you will never be disappointed.

Outdoor Activities

Celebrating every season, there are a number of outdoor activities to be enjoyed including picnicking at the Lewis and Clark Park, catching the parade at the Belgrade Fall Festival, or simply strolling through downtown to people-watch.

Prescott Ranch in Belgrade is also home to five neighborhood parks. Residents love having these amazing outdoor features where the kids can run and play. Whether it’s a soccer game or building snowmen, the parks are a place where neighbors can congregate for fun and community. 

For those who enjoy celebrating the December holidays, a month-long community celebration brings you the Festival of Lights which includes the exciting Christmas Convoy and the Truck Village at the Gallatin Speedway.

A Cheerful Community

Belgrade, Montana is fully committed to fostering a sense of well-being and togetherness among its residents to create a cheerful community. The Belgrade Community Library is home to a number of family-oriented events, clubs, and presentations designed for both entertainment and education.

With one high school, three middle schools, seven elementary schools, and ten preschools, the Belgrade School District ranks among the highest-rated public schools in Montana.  The high school boasts the largest sporting facility in the state, making it a popular host for various state, regional, and district sporting events.

What is Belgrade, Montana Best Known For?

A family watching the sunset and laying in the snow on a vacation in Belgrade, Montana.

A mere 10 miles away from Bozeman, Belgrade Montana has seen interest and growth increase over the past couple of years, but it is still a small western town. The tight-knit community atmosphere appeals to people who are looking for a delightful blend of gorgeous vistas, outdoor adventure, and community pride.

International Airport

Belgrade is home to the Bozeman Yellowstone International Airport, one of the most beautifully crafted airport terminals in the country featuring a view of the snowcapped mountains, while inside visitors are treated to a prominent wood and stone aesthetic that accurately reflects the beauty and prominence of the surrounding landscape. The airport underwent an expansion in 2021 to add 31 new routes and destinations.

Exciting Speedway

The Gallatin Speedway is a popular destination for those looking for some good old-fashioned, dirt track fun. A variety of events are planned every year featuring different classes that are guaranteed to keep the entire family enthralled and rooting for their favorite racer.

Unprecedented Mountain Skiing

If you’re into skiing or boarding, there’s simply no overlooking the trails at Big Sky Ski Resort. Spanning over 5,800 acres of terrain, half of them are dedicated to those who are aiming at improving their skills and techniques. The other half presents experts with some of the most vigorous runs in the country. Big Sky Ski Resort is just one of many ski resorts to explore in the Gallatin Valley, there is also Bridger Bowl Ski Area, Discovery Ski Area, and Great Divide Ski Area, to name just a few.

Lewis and Clark Caverns State Park

The caverns at Lewis and Clark State Park were discovered back in 1892. The Park is home to caves filled with stalagmites, stalactites, and other beautiful natural formations; they are open year-round for safe and well-lit guided tours. Just 45 minutes from Belgrade, visitors are treated to limestone formations that rival the most magnificent cave sites in the world.

Madison River

A beautiful tributary of the Missouri River, the Madison River runs 183 miles long through the states of Montana and Wyoming. A quick 30-minute drive from Belgrade, the river is fly fishing only and is also a great place for a refreshing swim. It boasts a hot spring to sit in and banks to explore.

Yellowstone National Park

Belgrade is a mere 1 ½ hour drive away from one of the most majestic national parks in the world. At over 3,500 square miles, Yellowstone spreads through three different states – Montana, Wyoming, and Idaho. It features a variety of must-see features including jaw-dropping canyons, lush and fragrant pine forests, rivers flanked by endless evergreens, and of course, geysers such as the world-famous Old Faithful. Wildlife abounds in this raw, untouched country including wolves, elk, bison, antelope, and bears. Established in 1872, Yellowstone National Park is just one of the many reasons why living in Montana, Belgrade is so spectacular.

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Explore the Lusitano Plan 1: Now You’re Home

This single-family home offers couples and families the opportunity to live among the Bridger Mountains to the north and the humble yet exquisite Gallatin Range to the south. With so many activities available to those who live in Belgrade homes in Montana due to the proximity of these inviting mountains, the location is made even sweeter when you’re able to come home to the Lusitano.

With well over 2,500 square feet of living space, the home provides a sense of open concept while still allowing for those cozy moments. One story means easy and fluid maneuverability inside the home, with no stairs to navigate and a floor plan that maximizes square footage. Depending on your family’s needs, it is easy to add various options to accommodate your lifestyle.

A walk through the Lusitano reveals a sophistication and grandeur rivaled only by the extraordinary scenery. The stage is set for stylish entertaining with an abundance of available living space such as a great room and ample dining room. It is easy to envision friends and family gatherings for the holidays or just because spilling out onto the generous covered patio to breathe in the mountain air. 

Tremendous Curb Appeal

What is striking about the Lusitano is its understated elegance. A one-story home that is both dignified and inviting with front pillars spanning a covered front porch, an ideal location for potted plants or a sip of iced tea. A 3-car attached garage incorporates style with functionality and blends seamlessly into the main living space of the home.

Spacious Bedrooms

The Lusitano Plan 1 includes three bedrooms with an option for. a fourth. Each is distinct on its own, with the owner’s bedroom boasting a spacious bathroom with the option for a tub. At over 240 square feet of space, the owner’s bedroom overlooks the full backyard from a wide set of windows that allow in the natural Montana sunlight. The walk-in closet is more than accommodating for a couple’s wardrobes, with extra room to breathe. 

The Great Room

Directly off the streamlined kitchen, the Great Room offers its own unique appeal. The gas fireplace anchors the charming built-ins while a wall of windows provides a private view of the backyard. Ample room for multiple seating areas means the Great Room can serve multiple purposes for everything from children quietly doing their homework to larger dinner parties easily breaking off into smaller groups.  With the heart of the home and the kitchen in direct view, you’ll always be a part of the fun while preparing those savory home-cooked meals.

A Cook’s Kitchen

Whether you eat to live or live to eat, this elegant and streamlined kitchen has plenty of space to move around while you whip up your culinary creations. A large island with an inset sink is ideal for a quick meal or spontaneous family gatherings. There’s enough room for kids to spread out their books and for the adults to organize their briefcases. Pendant and recessed lighting shine soft, crisp illumination to highlight the understated cupboards and expansive counter space. 

A walk-in pantry comes complete with shelving to stock your goods separately, cleanly, and out of sight.

Dining Rooms are for Traditions

In keeping with the style of the rest of the home, the dining room flows unencumbered from the kitchen while still being a space that is clearly dedicated to more formal gatherings. Sunday dinners, Thanksgiving, and holiday meals are within easy reach for the cook. Expansive window banks maximize natural light and offer a relaxing view of the backyard.

Three Car Garage  

With new homes in Montana, you can always use more space for recreational toys. Plan 1 has a full three-car attached garage with space for storage and working. There is plenty of room for workbenches, cabinets, tools, and bins along with the family cars, ATVs, a boat, and more. Fully lit, the garage is an extension of the home and provides the perfect area for family car enthusiasts to explore their interests.

… And all of the Luxurious Extras

  • Immerse yourself in the gorgeous Montana weather out on the spacious covered patio. A relaxing place for a bit of conversation and a cocktail, it’s easy to fall in love with the big Montana sky.
  • Depending on your selection, your home in Montana will have 2.5-3 bathrooms with an optional tub in the owner’s bath. Generous in size with a modern, luxurious feel these bathrooms allow for utmost privacy. Clean modern lines and a blend of pleasing neutrals elevate the space to your own personal spa.
  • The centralized laundry room makes completing tasks easy and convenient without disturbing the rest of the household. Situated off of the entryway, a cloakroom leads directly into the laundry room where you’ll find a sink and plenty of space for essentials.
  • Choose between a den and an optional 4th bedroom to best suit your lifestyle.

The Lusitano Plan 1 has everything a growing or established family or couple needs with plenty of perks and exciting features to call it your own. The Lusitano is a space you’ll love coming home to.

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How to Choose the Right Loan for You

When moving to Montana and finding a new residence, there are so many options to consider based on your lifestyle; the size of the home, the options to select – everything from tile color to extra bedrooms-, and of course, your mortgage financing. When you are secure and confident in your new home-buying decision, it’s time to choose the right loan that fits your needs. It can be difficult to figure out which loan is the right one for you. Use this guide to help you with the differences between the various loan types.  

Long-Term Mortgages

The terms of a long-term mortgage are usually 15 or 30 years, however, they can be as long as 50 years. Mortgages are secured by land, a home, or other types of real estate. The individual (borrower) agrees to pay the lender a certain amount over a period of time. The individual agrees to pay the price of the home plus the interest over the course of the mortgage terms, generally paying most of the interest off first. 

The longer the terms of the mortgage, the lower the monthly payments will be, however, more interest will be paid out over the lifetime of the loan. 

Conventional Loans

Also referred to as a ‘conforming loan’ that can be purchased by Freddie Mac or Fannie Mae. These entities are designed to give more purchasing power to individuals who meet certain criteria, such as higher credit scores and little debt. As government-sponsored enterprises, Freddie Mac and Fannie Mae purchase mortgages from lenders and sell them to investors. The home buyer will enjoy lower interest rates and lower monthly payments if they meet certain criteria.

Rate Locks

Interest rates are always changing, which can be stressful for homeowners and what they must budget every month for their mortgage. A rate lock guarantees the borrower that the interest rate on the loan won’t increase or decrease over the period of time that is specified in the locked-in agreement. A separate fee or charge may be applied but the borrower can rest assured that even as interest rates rise, their monthly payments will stay the same.

Adjustable-Rate Mortgages

Also known as ARM, an adjustable-rate mortgage is a loan that offers the borrower a variable interest rate. At the beginning of the loan, the interest rate may be fixed and then after a certain amount of time, it will adjust based on market conditions. This means that the borrower will see fluctuations in their monthly payments, they may go up but they also may go down. 

ARMs are a great option for those who plan on selling their home before the initial interest rate re-adjusts. They are also a good option for those borrowers who are comfortable with the uncertainty of fluctuating monthly payments that are reflected by changing interest rates.

2-1 Buydown

A 2-1 Buydown is a great option for borrowers who might not otherwise qualify for a loan. This type of financing offers a lower interest rate for the first two years, creating a lower (and more affordable) monthly payment. The agreement is that the borrower will pay for points at the time of closing. Keep in mind that after the first two years of lower interest rates, a higher rate will likely be put into place, raising monthly payments.

Government-Backed Loans

Government-backed loans refer to USDA, VA, and FHA loans. These types of loans pose less of a risk to lenders because if you default on your loan, the government pays the remainder of what you owe. If you don’t qualify for a conventional loan, you may qualify for a government-backed loan. Each type of loan has its own set of criteria that the borrower must meet.

  • USDA Loan. Backed by the U.S. Department of Agriculture, lenders are able to offer borrowers lower interest rates to make housing more affordable for low-income families.
  • FHA Loan. Backed by the Federal Housing Administration, this type of loan is available to families with lower credit scores and lower down payments. Mortgage insurance will also be a priority.
  • VA Loan. This type of government loan is backed by the US. Department of Veteran Affairs and is available to eligible veterans, qualifying surviving spouses, and service members. 

Exploring all of your home loan options is the first best step to take. Based on your preferences and situation, certain loans may work better for you than others. Calculate the estimated cost of your home purchase, taxes, and closing costs to determine how much you need to borrow. Your current debt, past bankruptcies, income, and credit score will all be reviewed to help you determine which type of home loan works best for you.

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Why the New Homes in Bozeman Reflect Your Coveted Lifestyle

Montana might be known for its rustic charm, big sky, and wide-open spaces, but that doesn’t mean you have to sacrifice your comfortable and luxurious lifestyle when you move to the area.

Bates Homes at Prescott Ranch are new homes near Bozeman, Montana. These homes offer elevated living with a luxe look and multiple new home options crafted with top-of-the-line materials. 

Every home has been designed with a meticulous approach and Bates Homes signature features to help create ample amounts of natural light, sleek storage solutions, limitless room possibilities, and an unmatched level of comfortability.

View the Prescott Ranch floor plans and photo galleries and imagine your life in one of these beautiful homes. If the pictures don’t convince you, let us explain how these stunning new homes in the Bozeman area can help you live the lifestyle you’ve always dreamed of.

Luxurious Single-Family Homes near Bozeman, MT

Bates Homes designed Prescott Ranch with the vision of a sophisticated and comfortable lifestyle that comes to life in the heart of every home built.

You don’t have to worry about antiquated floorplans or styles. The colors, materials, and bonus features you choose will coexist to become the home of your dreams.  Offering twelve-floor plans and flexible design options, Prescott Ranch allows you to build the perfect home for your family and lifestyle. No more worrying about outdated floor plans or unappealing styles. The customization of unique colors, quality materials, and bonus features you choose will coexist to become the home of your dreams.

Every home has modern touches like energy efficiency, open floor plans, and thoughtful details that make living life easier than ever before.

Much thought has gone into choosing every design component of Prescott Ranch homes. When selecting the elements of your home, you can expect to see crafty finishes and top-of-the-line materials. No corners are cut in the craftsmanship or home-buying process either You can rest assured that no corners will be cut in the design quality or home-buying process as well.

As you learn more about our company and vision, We will walk you through every step of the building and purchasing process, and streamline the experience from our first meeting to us handing you your keys. As a family-owned business, these homes and the families who choose them are a labor of love and our legacy.

That is why we are so focused on creating elegant, innovative, high-quality homes that people will love.

Thoughtfully Designed New Home Communities

The homes at Prescott Ranch are more than just beautiful houses on a homesite. Every Bates Homes neighborhood is carefully chosen with the future families in mind. The neighborhood in Belgrade, MT is near excellent schools, delicious restaurants, and amazing shops. 

But this close proximity to modern amenities isn’t all the location has to offer. There are plenty of places that are just a short drive where you can enjoy the best views and activities nature has to offer. Popular activities during the summer include swimming, biking, and hiking, while the winter months provide a world-class experience for skiers and snowboarders alike. 

It’s also worth mentioning that you and your family can have the benefit of enjoying the great outdoors without even having to leave the neighborhood. . Multiple parks have been included in the neighborhood design to make getting outside safe and simple. These parks are the perfect spot for the community and your family to gather for special events or weekend fun.

Live the Fun, Bozeman, MT Lifestyle

The Bozeman area is growing rapidly in all of the best ways. Downtown Bozeman has many trendy places to shop, award-winning restaurants,  and charming coffee shops. . 

In the nighttime, watch downtown come alive with locals catching up over dinner, trying craft beer and cocktails, or dancing the night away. If there’s one thing you can count on it’s that There is a scene for everyone in downtown Bozeman.

In addition to a bustling downtown area, the Bozeman community has been sure to accommodate the young families moving to the area. There is always something on the community calendar for families to do and spend time together. 

There are many parks, events with live music, a farmer’s market, and holiday-themed gatherings where you and your family can create lifelong memories together.

The town of Bozeman isn’t all, though. When you live in Montana, the great outdoors are always calling! Whether you enjoy fast-paced or relaxed activities or prefer the land or the water, there is an outdoor hobby for everyone. 

You can always appreciate the scenic views right outside your doorstep or visit some of the State and National Parks nearby. When you choose a new home in Bozeman, you get the best of everything around.

New Homes in Bozeman at Prescott Ranch

The new homes for sale at Prescott Ranch are the perfect place for your family to lay down some roots. The comfortable and elevated homes we offer are a space you can gladly call home for years to come.

These innovative and stunning homes, the neighborhoods we select, and the community-driven local area combine to create a lifestyle you’ve always dreamed about.

Choose a home in beautiful Big Sky Country and love the life you live every single day, in a home made just for you.

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Why Moving to Montana Can Improve Quality of Life

Montana has earned the nickname the Treasure state mainly due to the large gold and silver deposits found there. However, considering everything it offers, the state truly is a treasure in itself.

Montana is a state with incredible natural beauty and a special way of life. If you’re considering moving to Montana, here are a few examples of how calling this state home can improve your quality of life.

And if you’re looking into moving to Montana and buying a home there, take some time to view the Prescott Ranch residences by Bates Homes. These breathtaking homes are designed to fit a modern lifestyle that integrates seamlessly into the natural beauty of the state.

These neighborhoods have been planned and designed with care to improve the quality of life for families that live there and are considered the best of the best that Montana has to offer.

Breathtaking Natural Beauty

Compared to the majority of the United States, Montana is relatively untouched. The nickname “Big Sky Country” was bestowed upon Montana for a reason. The amount of gorgeous and open land is unlike any other state.

Glacier National Park has some of the best views in the nation like Logan Pass and Lake McDonald. There is also the ever-famous Yellowstone National Park. The Midway Geyser Basin and Artist Point are both exceptional scenic views. Montana also includes the world-renowned Glacier National Park, which offers some of the best scenery in the nation such as Logan Pass and Lake McDonald. Not to mention that the ever-famous Yellowstone and Grand Teton National Parks are just a few hours away, which offer mesmerizing geysers and a considerable amount of wildlife. 

These Gorgeous landscape views are not limited to just the National Parks, however. There is an abundance of nature to take in across the state, and potentially,  right outside your front door!

Montana is the 48th most populated state, and because of this low population density, her natural beauty has been preserved and is integrated into the way of life there. 

You won’t believe how being surrounded by natural wonders after moving to Montana can improve your quality of life until you experienced it firsthand.

More Than Just a Few Outdoor Activities

Due to Montana’s landscape being so well preserved, there are plenty of outdoor recreation opportunities where you can spend your free time. 

According to the US Forest Service, spending time outdoors can improve physical, mental, and community wellness. Essentially, the amount of time someone spends outdoors is a key factor when determining their quality of life.

Montana has four, beautiful seasons, and each one is nothing short of spectacular.

During the warmer seasons, you can :

  • Hike
  • Paddleboard
  • Canoe and kayak
  • Swim
  • Pick berries
  • Horseback ride
  • Fish 
  • Bike 

In the winter season, you can:

  • Cross-country and downhill ski
  • Snowboard
  • Dogsled
  • Ice fish
  • Ice climb
  • Snowshoe

These lists barely scratch the surface of everything you can experience in Montana’s great outdoors!

Potential for Higher Education

It’s no secret that, on average, people with bachelor’s degrees earn more than high school graduates. Living in Montana, there are many opportunities to further your education for less money. 

According to CollegeCalc, Montana is the 49th most expensive state to attend college in the nation. The University of Montana in Missoula and Montana State University in Bozeman are both popular choices for MT state residents and out-of-state students alike.

There are also plenty of other options for higher education with 12 two-year schools and other private colleges that are accessible. 

If you are not personally looking to further your education, consider how incredible it would be for your children to get a degree in the same state that you live in. Not only that, but they could attend college affordably all while getting a top-notch education. 

The Tax Factor

Montana is one of only five states in the nation to impose no state-wide sales taxes. This elimination of sales tax allows you to regularly save some money on the purchases you make.

Additionally, in comparison to the rest of the country, Montana has a relatively low residential property tax. This lower tax rate means owning a home here is more accessible than in some other states.

Low property taxes might be the push you need to finally become a homeowner. Being a homeowner is a dream of so many, and Montana offers homes that fit every kind of lifestyle. 

Building equity, qualifying for tax breaks, and stabilizing your housing costs are all ways owning a home in Montana can improve your quality of life. Not to mention, the feel-good you get from the pride of ownership.

With gorgeous new builds like the ones at Prescott Ranch, it’s hard to not picture yourself moving to Montana!

Life’s Next Big Adventure: Moving to Montana

Now that you’re convinced moving to Montana is your next step in life, consider the new homes at Prescott Ranch. These beautiful homes in the Gallatin Valley are designed to fit into the Montana way of life.

Get away from the big city life and take it slow in the great outdoors of Montana in a brand new home at Prescott Ranch.

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8 Easy Adventures Around Belgrade, MT

Prescott Things To Do

Are you looking for an adventure? Big or small, intense or laid back, Belgrade MT is the place for you. Located in Gallatin County and set among spectacular mountain ranges, this small town with a big heart has plenty to satisfy the outdoor enthusiast. Experience all that the majestic peaks have to offer while participating in thrilling activities or take the afternoon to stroll the town and enjoy the delightful niche retailers. 

Feed the Alpacas

The perfect afternoon adventure, the Sentinel Ranch Alpacas is an alpaca ranch that lets visitors dive right into the alpaca experience. These llama-like animals are smaller than their closely related cousins and exhibit a calm, easy-going temperament. Their wool is harvested for woven items which can be purchased at the ranch as scarves, hats, and mittens.  Families will love to feed these adorable animals, take pictures with them and get a general idea of life on a ranch amidst the breathtaking Gallatin Mountains. It stands as one of the best Prescott things to do for families, friends, or couples.

Soak in the Sun at Lewis & Clark Park

Just one of the many picturesque parks in Belgrade, the Lewis and Clark Park features a skate park for the teens and a water park for the younger ones. Or, if you’re feeling adventurous, you could have a go at them as well! There is a large picnic area and plenty of grass and trees for Frisbee tossing, running, playing tag, and enjoying the sun and nature.

Take a Helicopter Tour

The mountains are gorgeous enough when you view them from the ground; imagine their majesty when you take them in from a helicopter. Rocky Mountain Rotors offers flight tours to visitors for photo taking or simply experiencing the moment. With a reputation for not only quality but safety, too, a helicopter ride among the mountains is one of the most authentic and spectacular ways to see Mother Nature’s finery.

Try Something New at Chalet Market 

It’s one thing to see the wildlife; it’s another to sample treats that are popular in the area. Chalet Market has a wide selection of gourmet meats including Buffalo Jerky, Elk Snack Stix with Beef Added, Buffalo Huckleberry Snack Stix, and a plethora of other products including Montana-proud huckleberry syrup, cheesecake bites, and lip balms.

Get Your Fish On!

Is there anything more relaxing than a day on the water? The professional guides at Montana Trout Wranglers offer an enjoyable and memorable fishing and boating experience for individuals or the entire family. It’s all-inclusive so you won’t have to worry about bringing a thing (except your fishing license, of course!). They proudly guide through the Madison River, Missouri River, Gallatin River, Yellowstone River, and others. Have your hand at fly fishing while enjoying a serene day on the waterway.

Hike one of the Gorgeous Trails

Set among the mountains, Belgrade is blessed with many easy to difficult hiking trails for both the beginner and the experienced hiker. If you’re looking for a leisurely walk, try the Middle Cottonwood Creek Trail or the Triple Tree Summit Trail Loop. If you’re feeling a bit more energetic, go for Upper Beehive Loop Rd or the Hyalite Lake via National Forest Development Road Trail. For those who want to sweat it out, difficult trails include the Sacagawea Peak via Ridge Trail and the Sourdough Canyon Road Loop.

Attack the Slopes

The Bridger Bowl Ski Area is achingly close to Belgrade and offers skiers 2,000 acres of terrain, 2,500 vertical feet, 8 chair lifts, and 3 lodges. While this attraction is, of course, seasonal, the Belgrade area is a great reminder that winter can be fun and exciting. Bridger Bowl offers ski and snowboard rentals, all types of snow sports lessons, and stunning views.

Explore Caverns

If you’ve got a couple of hours to spend and an affinity for discovering what’s happening underground, it’s time to visit the Lewis and Clark Caverns State Park. These extensive limestone caverns are all decked out with columns, helictites, stalagmites, and stalactites that have the look and feel of having formed magically over time. The incredible geological formations are a fascination for young and old, and a friendly guide is there to answer all of your questions. The State Park also offers campgrounds, rental cabins, and a number of hiking trails that are second to none. 

Whether you are visiting Belgrade or planning to move there, you’ll soon discover that the town is filled with fun and exciting adventures for just about everyone. 

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Retiring? Give Yourself a Fresh Start in Belgrade, Montana

Prescott Homes For Sale

If there’s one thing that working life has taught all of us, it’s that space, solitude, and room for recreation are likely long overdue. By the time retirement comes, you’re ready for a shift, a change in attitude that is pro-YOU. This translates to waking up every day feeling energized, senses stimulated, and ready for whatever the day will bring. 

Why are people moving to Montana when they retire? For one, there’s lots of space to move, plenty of areas to roam, and a gigantic sense of affability for those who are ready to embrace life. Not just for them but for when kids and grandchildren visit, to stay or get healthy, and to be in constant awe of the awesome scenery that exists on all sides.

Upgrade Your Quality of Life

While there are plenty of amazing locations to live in the United States, few offer the grandeur and sheer spectrum of activities available any time of the year than Belgrade Montana. The Prescott homes for sale in this little city are certain to transport you to a deeper appreciation of self, family, and community. 

  • Breathe in the freshest mountain air around
  • Be a part of a community that embraces adventures both large and small
  • Live close enough to mountains you almost live in their shadow
  • Plenty of restaurants, cafes, and brew houses to gather and experience the newest in niche mountain cuisine
  • Have more room to roam. Personal space is important to everyone, and by comparison to big city life in Belgrade, MT you’ll have room to breathe. 

A World of Outdoor Recreation

2022 has brought with it the baggage of the past couple of years – and if it’s one thing that people have learned after the pandemic it’s that life is best lived to its fullest and with expression. With almost 30 million acres available to the public in the state of Montana, it’s easy to see how outdoor recreation is an intrinsic part of a Montanans’ lifestyle.

  • Plenty of fly fishing and charters. Numerous rivers in the area create the perfect opportunity for the new and experienced fly fisherman to hone his craft.
  • If you’re not ready to buy, then rent a motorcycle to tool around downtown and in the area.
  • Camping at any of the many campgrounds nearby including the Bozeman Hot Spring Campground, Montana Camps and Cabins, and the Ross Peak Retreat.
  • Have picnics galore at idyllic parks such as the Lewis and Clark Park and Kathy Hollensteiner Park
  • Go skiing several months out of the year at Bridger Bowl Ski Area.

Luxury Housing With More Value

Retirement may be a time to sell the family home and downsize, but that doesn’t mean for a second that you have to scrimp on luxury. At Prescott Ranch, there are a variety of home plans to choose from to suit all needs for every lifestyle. It’s about living with intention in a geographical area that beyond the town is vast, wild, and free – while the quaint town of Belgrade itself offers serenity and a sense of family and community that will make you proud to put down new roots and call it home.

  • Morgan Series. For those who appreciate options in vertical living, the Morgan Series plans offer between 1,761 and 2,541 square feet of comfortable space, plenty for a duo who is ready for the freedom retirement brings with it.
  • Appaloosa Series. With a slightly more traditional feel, the Appaloosa Series of homes run slightly larger than Morgan, up to 3,308 square feet of luxurious living space with plan 4 allowing for an optional in-law unit, for those who are caring for parents or even college-age children.
  • Lusitano Series. Sprawling affluence and the perfect blend of convenience and comfort, the Lusitano Series options include a one-story and two-story home with various options that make the most of up to 3,538 square feet. 

Celebrate All Seasons

If you’re coming from an area of the United States that gets a lot of hot weather or a lot of rain, take note that Belgrade, MT embraces all four seasons. Winter, spring, summer, and fall are well represented here, with plenty of things to do in every season. Summers tend to be rather short but still warm, and snowfall in the winter is easily manageable. Living close to mountains means fully grasping what the weather brings, and Montanans take pride in their ability to adjust to whatever the big skies and mountains throw their way.

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