There are many advantages to purchasing a home through a Rent to Own program such as ours. Below are listed just some of the top reasons but the list is extensive. Feel free to give us a call to discuss how you can become a home owner!
Avoid large payments
Rent to own requires a lower up-front cash payment than buying the home outright. Renters benefit by gradually working into home ownership without breaking their monthly budget. Rent to own also allows the home buyer to avoid property taxes and large down payments while already living in the home.
While renting the home, tenant-buyers have a period of time (usually 1-3 years) in order to prepare and make arrangements for the ultimate purchase of the rent to own home. During this time, buyers with imperfect credit can work to improve their ratings for a future home loan. The time period also allows buyers to pay off other debts they may hold or increase their savings.
Credit for down payment
The small down payment and a portion of rent each month are applied towards the final purchase of the rent to own house, thus acting as a forced savings account for the down payment.
It is a reality that homes need upkeep. Agreeing to take on certain parts of home maintenance while renting can add equity for the buyer. When the buyer pitches in to do repairs or upgrades, the value of the property is enhanced.
A place to call your own
You can use your personal creative energies into making it a home. A nice home in a nice neighborhood provides you with peace of mind, privacy and a stable community for your children to grow up in.
Note: We do not act as your real estate agent in these transactions. We are investors who are selling you the property and/or our interest in the property.