Rent to Own Homes in Aurora
The below results are primarily rent to own homes...
The below results are primarily rent to own homes in Arapahoe County, CO:
Aurora is located in central Colorado approximately 30 minutes from Denver and an hour from Colorado Springs. The city was first established under the name of Fletcher but was renamed in 1907. Today, the Aurora City Council provides entertainment and structure to ensure the city thrives even within such close proximity to the much larger city of Denver.
While some consider Aurora a suburb, it has grown enough to earn the respect of a full-fledged city with its own character. Programs that enrich the community are developed through coordination of the local government and the Aurora Economic Development Council. The current project is the development of a convention center to attract visitors from around the country.
Whether you want to live in the heart of the city or escape to a small town, Aurora has neighborhoods that will fit your needs. The recreational highlight of the community is the Aurora Sports Park. It offers 12 baseball fields and 23 mixed sports fields and is often used by recreational programs serving local children. For fun on the water, residents head to the Aurora Reservoir to spend their time fishing, boating, sailing, windsurfing and lounging on the beach during the warmer season. With more than 300 days of sunshine each year, this Colorado city is much warmer than some may think.
Buying a Home in Aurora
It’s common to split Aurora in half when delving into the real estate market. The neighborhoods in the northern half are more likely to offer older homes with reasonable price tags while the modern, planned communities appear more in the southern half. The school system in the south also receives higher ratings, so many parents are drawn to those communities.
These aren’t hard and fast rules, but they are considerations to keep in mind as you explore the many different neighborhoods in Aurora. You should also study the businesses and entertainment venues available in all areas of the city so that you can select an area that fits your lifestyle. With two big reservoirs, an extensive trail system and a variety of golf courses located throughout the city, all areas have their advantages.
Popular Neighborhoods in Aurora
One of the more exclusive Aurora neighborhoods is Piney Creek. It’s a planned community governed by an HOA with a shared swimming pool, club house, multiple ponds and tennis courts. Maintenance, outdoor lighting, parking and other exterior features are also guided by community rules. This area won’t appeal to everyone and home prices can go up to a million dollars, but it is a safe community with a suburban vibe.
The Saddle Rock neighborhood has grown around the popular golf course sharing its name and offers a mixed bag of housing options. While you can find homes in the $200,000 range, others may sell for more than a million. The community shares a swimming pool, club house and tennis courts. You’ll enjoy a location convenient to shopping centers, restaurants and a large farmer’s market.
To make the Aurora Reservoir your backyard, go to the Southshore neighborhood. If you’re interested in homes more in the $100,000 price range or less, look at some of the more established communities in North Aurora.
Buying vs. Rent to Own Homes
It’s difficult to accept that you’re not ready for home ownership after you find your dream home in Aurora. Many realtors suggest potential buyers work with a lender to establish preapproval for a loan before they start looking at houses, and this is exactly why. What some realtors may not tell you is that there is an alternative approach to buying a home in Aurora. You can enter a rent-to-own agreement that allows you to start out renting a home with the option to purchase in the future.
This type of contract is advantageous for buyers in the process of saving up a down payment or cleaning up their credit so that they can get the best home loan terms. Why not strengthen your financial standing while living in the home of your dreams?
Cost of Living in Aurora
While the state of Colorado has a higher housing index than the national average, the index for Aurora is more comparable to the national average. This means that you will generally get more for your dollar when you buy a home in this city rather than Denver and other prime Colorado locations. That explains why many people living Aurora and work in Denver. You can also expect to pay prices comparable to national averages for groceries, goods, services, utilities and transportation. This makes Aurora one of the more affordable areas in the state.
If you want to purchase a larger home without paying an inflated price and live in a city with many outdoor lifestyle amenities, you can’t go wrong with Aurora, Colorado. It’s located just outside of Denver and offers more affordable home prices, so many Denver employees choose to make the commute. The Aurora Reservoir allows residents to enjoy a variety of watersports, and the city operates a large sports complex serving local children. There is also an extensive trail network throughout the city, and golf courses are abundant.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.