Rent to Own Homes in Asheville
The below results are primarily rent to own homes in Buncombe County, NC:
The city of Asheville is surrounded by the Nantahala National Forest, the Great Smoky Mountains National Park, the Cherokee National Forest and the Pisgah National Forest in the southwestern corner of North Carolina. This is one of the best areas of the United States to call home if you enjoy hiking, mountain biking and relaxing picnics in serene wooded environments. It serves as one of the largest cities in the state and the large city in the Asheville Metropolitan Area.
The Asheville City Council has taken great strides to protect the environment in and surrounding the city. This includes an aggressive program designed to reduce the carbon footprint of the area. Since the region is a major tourist destination in the fall, protecting the environment within the city also protects the natural beauty of the surrounding Blue Ridge Mountains. Thousands of people venture into this mountainous region of North Carolina to watch the leaves turn colors and fall tenderly to the ground each year.
Beyond the beautiful landscape, Asheville City is home to a variety of cultural and historical attractions. This includes the Biltmore House, the Blue Ridge Parkway and the North Carolina Arboretum. While taking good care of the many visitors that come around for these attractions, the city also caters to residents of all ages. This includes maintaining some excellent public schools, including Asheville High School.
Buying a Home in Asheville
While you can find many ordinary homes in Asheville, this city has a large market for some architectural styles that are unusual in other areas of the country. For instance, you can purchase an authentic log home positioned in a remote, mountainous region of the city. Many neighborhoods offer arts-and-crafts mountain homes alongside homes with timber frames. These homes allow you to embrace the country lifestyle without giving up the conveniences of modern life.
You can still find homes in more traditional neighborhoods with tree-lined streets and more immediate access to shopping centers, restaurants and other businesses. If you aren’t sure whether you want to live in a rural community or a neighborhood with more of a suburban feel, look at some of the homes for sale in Asheville to see what feels right for your family.
Popular Neighborhoods in Asheville
Lakeview Park is one of the most established neighborhoods in Asheville. It’s located on the northern end of the city and is centered around Beaver Lake. The residents collectively own this lake and agree to make monthly payments to a collective that maintains the property. While this is a popular area for long-term Asheville residents to retire, the area is also home to a growing collection of young families with active children and parents.
If you prefer to live on the south side, consider a home in the Town of Biltmore Forest. This is the neighborhood close to the Biltmore House, and you can expect to pay some of the highest real estate prices here. You’ll also enjoy larger lot sizes and more elegant homes along with sophisticated neighbors and well-maintained properties.
Buying vs. Rent to Own Properties
If you plan on purchasing a home in Asheville in the next three to five years, you may find value in a rent-to-own agreement. Not all sellers will consider this type of deal, but it’s worth seeking out those that will if you’re not quite ready to purchase your own home. These agreements allow you to move into a property that you intend to purchase, starting out as a renter.
In some cases, a portion of your monthly rental payment will count toward your down payment when you’re ready to purchase the property. You can use the rental phase to save up a more substantial down payment or to improve your financial standing so that you qualify for a lower interest rate. In some cases, the rental phase is also used to settle into a neighborhood and make sure that it’s a good fit to the buyer’s lifestyle.
Cost of Living in Asheville
Asheville is slightly more expensive than many other cities in North Carolina, but the overall cost of living is typically within 10 percent of the national average. The housing index can go 10-20 percent higher than the national average, but most residents are able to conserve in other financial categories in order to maintain a comfortable lifestyle.
Situated in a mountainous region of southeastern North Carolina, Asheville is one of the most popular attractions in the state. Visitors come from all over to hike and bike in the Blue Ridge Mountains, especially in the fall when the leaves are putting on an unbeatable show. Many residents stay in this area because they enjoy spending time outdoors, and others fall in love with the spectacular views framed outside their windows. This is an ideal place to call home if you want to spend your life in the great outdoors without sacrificing access to a variety of jobs and a friendly community.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.