Rent to Own Homes in Austell
Austell is named in honor of General Alfred Austell who was instrumental in post-Civil War railway construction in the south. A banker and entrepreneur, Alfred Austell also created Atlanta National Bank, the South’s first national bank. This area of Georgia was known during the post-war period for its natural spring water rich in lithium carbonate. In the late 1880s, this water was bottled and marketed as Lithia Spring Water.The below results are primarily rent to own homes in :
Austell is named in honor of General Alfred Austell who was instrumental in post-Civil War railway construction in the south. A banker and entrepreneur, Alfred Austell also created Atlanta National Bank, the South’s first national bank. This area of Georgia was known during the post-war period for its natural spring water rich in lithium carbonate. In the late 1880s, this water was bottled and marketed as Lithia Spring Water.The below results are primarily rent to own homes in :
Today, Austell is part of the Atlanta Metropolitan Area with quick access to big-city amenities. Hartsfield-Jackson International Airport is just a half-hour’s drive away, and downtown Atlanta is easily within commuting distance. Dozens of shopping centers are near Austell, including Lithia Springs Shopping Center, Cumberland Mall and East-West Commons Shopping Center. The City of Austell is within Cobb County and home to about 6,500 residents. City government is full-service, providing water, garbage collection, residential recycling programs, police, fire and emergency services. The city also operates seven neighborhood and community parks and the Collar Community Center. Cobb County runs Austell’s Neighborhood Senior Center, where local seniors can dine on nutritional hot lunches each weekday and participate in fitness activities, classes, crafts, music and wellness education. In addition to local parks and community centers in town, Austell residents have access to a variety of recreation and entertainment options. Sweetwater Creek State Park is just south of town, providing space for hiking, canoeing, kayaking, fishing, stand-up paddleboarding, picnicking and camping. Six Flags Over Georgia is also just outside of Austell, full of entertainment, thrill rides, children’s activities, water park attractions and special events.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
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
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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