The decision to invest in a home is a big one. To top it off, many home buyers are faced with the difficult decision of where to buy a home. Do you want to live in the city, closer to entertainment and employment options, or do you want a more rural home in the quiet countryside where you can get more space? In this article, we will be discussing the pros and cons of each decision.
While rent-to-own is frequently discussed from the consumer standpoint, not much information exists for the landlord. Today we would like to give some rent-to-own advice for landlords to make their home listing more appealing.
If you’ve heard of rent-to-own and it’s benefits, you may wonder when, and if, this type of homeownership is suitable for you. If you’re considering a rent-to-own home, but wondering if a traditional mortgage or less-trendy (but secure) lease-to-own agreement suits you best, read on for our advice on the matter. (more…)
Why Rent to Own Homes are a Great Investment for both Landlord and Renter
With a good win-win rent-to-own contract, a lease-to-own home can be a great investment strategy for both the homeowner and the renter. However, like any contract, you should carefully read through the details to make sure the contract doesn’t disproportionately favor one side over the other.
Let’s start out with why a rent-to-own home is a great investment for renters who would like to become homeowners.
While rent-to-own and seller financing may sound similar at first, they are two very different paths to homeownership. Let’s discuss the differences and pros and cons of each, so you can make a decision that best suits your needs. (more…)
If you’ve begun the process of buying a home, you may have quickly discovered just how important your credit rating is to securing the home of your dreams. Unfortunately, millions of people are denied loans every day due to past mistakes that still negatively impact their credit. The unfair cycle of needing credit to have “good credit, but not being able to obtain credit due to a lack of existing credit, is a vicious cycle that traps many people.
Renting-to-own a home can be both financially and emotionally rewarding. In order to ensure your investment has long-term value, there are some things you need to know about and prepare for prior to signing a lease-to-own contract. Let’s discuss some of the most important things rent-to-own home buyers often overlook:
The rent-to-own industry can be confusing to newcomers looking at this non-traditional path to home-ownership. There are many terms you will run into, such as “rent-to-own” and “lease-to-own” and confusion may arise at the difference between the two. (more…)
The discussion around whether or not it is better to rent a home or buy a home is one that is brought up frequently. The argument stays heated as markets fluctuate and answers may differ. The most critical factor in past discussions has always been highly dependant on one fact: Is your potential mortgage payment less than your rent payment. We would like to approach this debate from a different angle because we believe there is more to weigh than just determining which may be the cheaper option.
When deciding whether to rent or buy a home, consider the following before making a decision:
In this blog, we often talk about the benefits of renting-to-own a home. However, it’s important to discuss all aspects of rent-to-own so consumers can weigh all the pros and cons before making a decision. Buying a home through a traditional mortgage or other means is a big decision. Be sure to take time to determine if this is right for your current financial situation, as well as your future. (more…)