Want a good reason why Rent to Own homes are a great option? How about three!
Three reasons you should Rent to Own!
1. Build Credit.
Buying a house is a long process, and can leave you with a mortgage that consumes your finances for decades. Potential homeowners will find themselves in an even worse position if their credit score is too low: bad credit will lead to an interest rating that threatens to drag you under every time you make a payment. Worse, banks could see a low credit score and reject your mortgage application immediately.
If you’re looking to buy your first house, that is a perfect reason why Rent to Own is a great choice for you. Normal rental homes don’t build your credit, but making payments towards your Rent to Own home does. The potential buyer is essentially making small payments towards the eventual mortgage, in the form of rent. It is the perfect way to build your credit score while still enjoying the benefits of owning a home.
2. Try it Out!
Another reason why Rent to Own can be perfect for you, is the ability to see how you feel about your new home. It can be difficult to truly assess how you’re going to feel about a new house, neighborhood, or town, and Rent to Own gives you the opportunity to know for sure. You’ll be able to try out your child’s bus-stop, your morning commute, the drive to the grocery store, as well as become familiar with the idiosyncrasies of your home.
It’s important to feel comfortable in your home, which is why Rent to Own combines the security of owning a house with the flexibility of renting, tailoring your experience to provide the best solution for you.
The entire process of Renting to Own is tailored about convenience and comfort. Everyone involved wants you to purchase the home once the trial period has ended, and will strive to make sure your experience is positive. There is no across-the-board standard for contracts, and you can negotiate yours to get exactly what you need. If you’re having trouble finding what you’re looking for, that is why Rent to Own is for you. Read more.