Rent to Own Homes in Augusta
Beyond the water, Augusta is home to many noteworthy golf courses, including the Augusta National Golf Club and Forest Hills Golf Course. Many neighborhoods in this area of Georgia are located near large parks suitable for daily play. Some examples are Phinzy Swamp Nature Park and Diamond Lakes Regional Park. The Augusta Regional Airport is located next to the park at Phinzy Swamp.
In addition to public schools, parents can choose to send their children to Augusta Christian School or one of the local private schools. When they aren’t working or studying, residents spend time in the Augusta Downtown Historic District. This is the business district alongside the Savannah River, and it includes many of the major religious, historical and governmental landmarks for the city. There are also some homes located in this district.
Buying a Home in Augusta?
You go through counseling before getting married, so why not go through counseling before buying a home as well? That may sound unusual, but agreeing to go through a counseling program could lead to substantial assistance in buying your first home. The Augusta-Richmond County Home Ownership Program will provide up to $7,500 to first-time buyers willing to complete the program. The money is used toward your down payment and closing costs if you meet strict guidelines set by the county.
Popular Neighborhoods in Augusta?
If you enjoy spending time in nature or are interested in leading a healthy lifestyle, the best neighborhood in Augusta is River Island. The community has a private island with miles of nature trails, and it’s located right on the Savannah River. It’s common for residents here to spend a lot of time in kayaks and canoes or with their hiking shoes laced and ready to go. Home prices are generally $400,000 and up. If you prefer a gated community with similar home prices, look to Jones Creek Plantation.
If you need a more affordable home, Chastain Trail is a good option. Prices are closer to $100,000, and the community is close to restaurants and shopping centers. It’s not as close to the river or the downtown historical district, but it does offer a suburban environment with affordable prices for families.
Buying vs. Rent to Own Homes?
You may have heard the term “rent-to-own home,” but what does it really mean? It sounds like a home that you rent until you’ve fully paid for the property, but that isn’t exactly how the arrangement works. You opt into a contract that places you as a renter for a designated period of time. During that time, you have the option to purchase the home so that you can keep it long term.
If you don’t buy the home by the end of the contract, you have the option of moving out and renting or buying another home. Some agreements designate a portion of the monthly rental fee to set aside for use as a down payment later on, but you lose that money if you decide not to purchase the home by the deadline.
The goal of a rent-to-own agreement is to move into your home and get comfortable while you work on securing a home loan and following through with the purchase. If you don’t have your down payment saved or want to take a slower approach to home ownership, this is a great option to consider.
Cost of Living in Augusta?
If you have a limited income or want to get the biggest home for the best price possible, you can’t go wrong by moving to Augusta, Georgia. The city’s cost of living is approximately 16 percent lower than the national average and 11 percent lower than the state average. The cost of housing is approximately 40 percent lower than the national average, and utilities run a little lower than the national average as well. You can expect to pay less for everything from groceries to services that make daily life more convenient when you live in this scenic riverside city.
Augusta is located across the Savannah River from western South Carolina and offers home prices that are approximately 40 percent lower than the national average. It’s common to find beautiful homes built in riverside communities where residents spend their days kayaking, canoeing or hiking even though they’re a short drive from the downtown business center. You can also find homes in gated communities or in more established regions of the city where the homes are priced to sell fast.Regardless of your lifestyle or budget, there’s a place for you by the river.
Summary
Augusta is located across the Savannah River from western South Carolina and offers home prices that are approximately 40 percent lower than the national average. It’s common to find beautiful homes built in riverside communities where residents spend their days kayaking, canoeing or hiking even though they’re a short drive from the downtown business center. You can also find homes in gated communities or in more established regions of the city where the homes are priced to sell fast.Regardless of your lifestyle or budget, there’s a place for you by the river.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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