In this post, we’ll look at some of the upsides of living in the United States of America (as well as the other side of the coin). So, if you’re eyeing potential real estate purchases and looking to make the move, start here with some essential facts to keep in mind.

Pros

Strong property rights

One of the most significant advantages of investing in American real estate comes from the country's strong commitment to property rights. The US legal system places a high value on the protection of private property, offering a level of security and stability that is simply unmatched in many other parts of the world. 

With its transparent, reliable, and efficient property registration, when you make a purchase, you can be certain that your rights to it will be respected. 

For foreign real estate investors, this robust framework provides peace of mind and a solid foundation for long-term investment success.

The land of (economic) opportunity 

Home to industry powerhouses and economic hubs like New York City, San Francisco, and with a GDP exceeding $21 trillion, the US boasts the world's largest economy. 

For new residents, that means abundant career opportunities across various industries, from technology and finance to healthcare and entertainment. 

Further, the country's famous entrepreneurial spirit and business-friendly environment also make it an attractive location for those looking to start their own ventures. You’ll find it all here: startup culture, an innovative atmosphere, and business-friendly regulations. It’s the American dream!

Education

Harvard, Yale, Stanford, MIT — these are just a few of the prestigious academic institutions that have helped internationally cement the academic reputation of the United States. 

But you don’t have to be an ivy league scholar to reap the educational benefits that come with living in America; the country also offers a wide range of public and private school options for families with children.

The American healthcare system

Indeed, the American healthcare system represents an aspirational standard for many countries around the globe. The United States is known for its advanced healthcare system, with access to state-of-the-art medical facilities, cutting-edge treatments, and highly skilled medical professionals. 

Many employers offer comprehensive insurance plans, and there are also options available for those who are self-employed or retired.

Natural beauty and geographical diversity

From the rugged Rockies to the picturesque beaches of Florida, the US offers an incredible range of choices when it comes to natural beauty and outdoor recreation. The country's robust national parks system, which includes iconic destinations like Yellowstone and Yosemite, provides endless possibilities for hiking, camping, and wildlife viewing. 

Better still, the level of ecological diversity means that no matter what your preferred climate or scenery might be, you’ll pretty much be able to find anything you’d like here, whether you’re a fan of the great outdoors or urban environments.

Cons

Complex tax system

The mere mention of the American tax system may very well cause some to begin to sweat – but is it really that bad? Yes, the United States has a complex tax system, with federal, state, (and sometimes local taxes) to consider. For foreign nationals, navigating this system may be particularly intimidating, as they may be subject to additional tax requirements and regulations. Yet, this issue is nothing that cannot be overcome! With the help of qualified tax professionals, it is relatively easy to ensure compliance and minimize any potential liabilities.

Ivy L

Cultural differences

While the United States is known for its diversity, adapting to a new culture can still be challenging for some newcomers to the country. This can be tricky, and American culture can also vary from state to state and city to city – the culture in small town Texas may be quite different than that of Portland, Oregon. This means it may take some extra time to find your groove! 

The good news is that since the country has a long history of immigration, it’s likely that you’ll be able to connect with many people from your country, which may make adjustments easier.

Cost

Finally, we have to mention this one. The cost of living in the United States may be more than you’re used to back home. In particular, cities like New York, San Francisco, and Los Angeles, have a reputation for being expensive, and housing prices can be high, especially in desirable urban areas. 

However, it's important to note that there are also many affordable regions throughout the country, particularly in smaller cities and suburban areas. Further, depending on where you’re coming from and where you wish to settle, you may actually find that living in the US can be cheaper than back home!

Ultimately, the decision to make a move is one that will require you to weigh your priorities. Yet, while there are certainly challenges to consider, many foreign nationals find that the benefits of living in the US far outweigh the potential drawbacks; it’s a nation that’s fueled by diversity and full of opportunity. For those looking beyond the horizon, the dream of owning real estate and making a life there can be an exciting reality!