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Moreover, North Carolina has a low unemployment rate, making it a great place to start or relocate a business. The state’s major industries include agriculture, aerospace and defense, food processing, information technology and pharmaceuticals. As a result, you can find good-paying jobs in the state’s cities. But if you are planning to buy land for farming, building a retirement home or setting up a home-based business, you should consider its location carefully.

One of the biggest drawbacks of owning land in North Carolina is the high crime rate. According to Statista, the state has the 17th highest crime rate in the country. As a result, you may need to hire security personnel to protect your property.

Furthermore, the process of getting approval for developing your land in North Carolina can be lengthy. You will need to obtain permits from local, state and federal entities. This can take up to 12-18 months, thereby delaying your profit potential. Additionally, you should be aware of any shared community rules before purchasing your land.…

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