Home Rent to Own | Power of Sale/Foreclosure | Credit Management Enhance Your Knowledge On Rent To Own Programs | Page 4

LOOKING FOR A RENT TO
OWN A HOME? WHAT TO
LOOK FORWARD TO
Rent to own is a very appealing solution to many people and with reason – for the right
people in the right situation, there are very few risks and just benefits to reap. Flexibility
is one of them. You can enjoy the property without having to worry about the instability
of renting. It also allows you the freedom to change your mind should something not be
up to your standards, which can offer you a much needed escape ticket. We all know
the feeling of living in a place that is just not right, regardless of how much you
personalize it or how much work you put in, it just doesn’t feel like the home sweet
home we are longing for.
Another great pro is the fact that you can benefit from rent to own home, regardless of
your bad credit. It may be the case that you tried and tried and just did not qualify for a
loan. By entering an agreement where the rules are pre-established and you keep your
end of the deal by paying up the associated monthly fees and costs, your credit score
might actually benefit from this.
Last but not least, rent to own gives you a level of certainty. This is especially appealing
for people who dread moving and have a connection with their neighbourhood as you
will not be required to change houses so often. This also ensures a level of financial
security as moving is quite expensive.
Simultaneously, it allows you to create a long-term plan for how much you save and
how much you spend as you will be in a better place to estimate since the rent price and
final amount owed will be agreed beforehand. It comes as a plus that, as a buyer you
have the opportunity to buy a house at today’s price, regardless if over years the
property increases in value. With a bit of luck, you might even find a luxury property
and lock it down for the future.