Rent to Own Homes in Boca Raton
The below results are primarily rent to own homes in Palm Beach County, FL:
Boca Raton city is located in southern Florida, approximately 47 miles north of downtown Miami and less than 30 miles south of West Palm Beach. There are many public beaches within a short drive of the city, including Pompano Beach, Deerfield Beach, Hillsboro Beach, Delray Beach and Highland Beach. While many residents move to the area because they want to live closer to the water, other local attractions include the Florida Atlantic University and the Evert Tennis Academy.
Boca Raton serves as the corporate headquarters for Office Depot, and many other large companies maintain offices in the city. Residents also have access to the Boca Raton Mall for employment as well as shopping, dining and general relaxation. The Boca Raton Resort & Club brings thousands of visitors to town each year, making tourism another popular vocation field for locals. The resort is close to the Boca Raton Museum of Art and a variety of other attractions.
For outdoor recreation, residents have access to Lake Boca Raton, Sugar Sand Park and the butterfly garden at the Gumbo Limbo Nature Center. Of course, there are miles of sandy beaches on the coast for those interested in swimming, diving, fishing, surfing or participating in many other water sports. The small unincorporated community just west of the city is referred to as West Boca Raton, and many locals consider that area a part of the Boca Raton family.
Buying a Home in Boca Raton
It’s common for the median listing price in Boca Raton to top $400,000. Many waterfront homes in the southern half of the city can sell for well over $600,000, and there are some homes worth more than $1 million. You can expect to pay close to $200 per square foot for a nice home in many family-friendly neighborhoods, but lower prices are available in select areas of the city if you’re shopping on a tight budget. Most public schools serving the city are highly rated and respected by parents, but you may prefer one school over another after doing some research into the curriculum.
Popular Neighborhoods in Boca Raton
Boca Raton is a unique city because it isn’t easily divided into smaller neighborhoods. Many of the homes have acreage and are spread out too much to really deliver a cozy community vibe. When thinking about where you may fit into the city, consider how close you want to live to the water. If you’re interested in waterfront properties near Ocean Drive, expect to see median listing prices between $700,000 and $900,000.
If you’re more interested in living close to the best public schools, look for homes more toward the middle portion of the city. Boca Pointe is a small neighborhood on the southern edge of the city that will place your children in quality schools. The median home price is around $400,000 in this area, and the community is full of small and medium-sized homes. You will find similar neighborhoods if you start at Boca Pointe and travel directly north through town.
Buying vs. Rent to Own Homes
Not all homes in Boca Raton will offer you a rent-to-own deal, but it’s worth seeking out available opportunities if you want to move into a new home soon. Rather than renting while you prepare for homeownership and then moving into your new home after closing, you can rent the home that you will one day buy. This special rental agreement stops other buyers from making offers on the property that you want to buy, and you won’t have to move once you sign those closing papers. You simply start out as a renter, and then purchase the property when you’re financially ready to accept the responsibility of a home loan.
Cost of Living in Boca Raton
The cost of housing in Boca Raton often comes close to doubling the national average, and that increases the overall cost of living substantially. While utility rates are often slightly below average, you can expect to pay higher-than-average prices for transportation, groceries and many everyday goods and services. If you live in one of the more affordable housing areas and shop discount stores rather than the upscale boutiques, it is still possible to enjoy this coastal town on a more modest budget.
If you want to live in a resort town that is a short drive away from a handful of popular beaches, Boca Raton, Florida, may suit you well. The overall cost of living is inflated due to luxurious homes along the coastline and in other select areas of town, but there are many neighborhoods where you can find more affordable housing options. Many large companies maintain offices in the city, and jobs are available through the local resort as well. There are also some family-friendly communities located close to excellent public schools.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.