Rent to Own Homes in Boise
The Boise River meanders through the city, and the city of Boise is in the process of creating a riverside park that will eventually allow residents and visitors to enjoy the water in more exciting ways. Boise Greenbelt Park is an older park that follows the river and provides an alternate form of transportation for residents interested in saving the environment and living healthfully.
Other features located downtown Boise and in other prominent areas of the city include Boise Town Square Mall, Idaho Botanical Gardens, Albertsons Stadium and the Taco Bell Arena. Some unique venues have also found a home in this city, such as the World Center for Birds of Prey. Boise State University is located here, so you can expect a large student population in some neighborhoods.
Buying a Home in Boise?
While you may think of potatoes when Idaho crosses your mind, you won’t find many people sitting on the couch eating potatoes in Boise. This city is surrounded by forests, rivers and waterfalls, so the residents naturally enjoy active lifestyles. Even when the weather turns cold and the snow starts to fall, you’ll see your Boise neighbors heading out for ski trips and enjoying other active pastimes.
When selecting your new home, keep these natural attractions in mind. Whether you plan on purchasing a boat or want to spend your free time hiking in the forest, you should select a neighborhood that provides convenient access to the right area of the city.
Popular Neighborhoods in Boise?
The North End is the most honored neighborhood in Boise today. It is one of the oldest communities in the city and offers wide streets lined with trees and many historic homes with beautiful architecture. While removed from downtown Boise, many residents in this area enjoy spectacular downtown views from their windows and nearby streets. The crime rate is low here, but housing prices are often higher than you will see in some other neighborhoods.
For access to the city’s best schools and more affluent neighborhoods, go to the Warm Springs area. It’s located in eastern Boise and is separated into two smaller communities, Warm Springs Estates and Warm Springs Mesa. Home prices are a bit higher in Warm Springs Mesa, but both areas offer amenities suitable for families with children of all ages.
Buying vs. Rent to Own Homes?
What’s the difference between a rent-to-own home and a home that you buy through the traditional home-buying process? Both routes will lead you to home ownership, but a rent-to-own agreement gives you more time to secure a loan that you can afford. You get to move into the property right away, but you start out as a renter under the current owner.
During this time, you can take action to raise your credit rating or work on saving up a down payment that will eventually reduce the amount you need to borrow to purchase the home. You have the option to purchase the home by the end of the contract. You still go through the loan application process as you would with a traditional home purchase, but you get to live in your home before you take that step.
Cost of Living in Boise ?
Boise is considered one of the cheapest places to live in the northwest today. The housing index is slightly lower than the national average, and most goods and services are sold at prices lower than the national average. Housing prices are generally lower than the national average, though there are some homes sold at higher prices in more exclusive neighborhoods. This is a city where you can live luxuriously if you have a substantial income, but you can also live comfortably on a more limited income if you select your home wisely.
There are many beautiful homes with spectacular views in Boise, but you can also find many affordable homes in desirable neighborhoods. The cost of living is lower here than in many large cities throughout the United States, and residents enjoy outdoor recreation year round. In the warmer months, residents hike and bike in the nearby national forests and spend time by the river. In the colder months, it’s time to hit the ski trails or enjoy other snow sports. The natural features of the area keep Boise residents active and healthy regardless of the weather.
Summary
There are many beautiful homes with spectacular views in Boise, but you can also find many affordable homes in desirable neighborhoods. The cost of living is lower here than in many large cities throughout the United States, and residents enjoy outdoor recreation year round. In the warmer months, residents hike and bike in the nearby national forests and spend time by the river. In the colder months, it’s time to hit the ski trails or enjoy other snow sports. The natural features of the area keep Boise residents active and healthy regardless of the weather.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
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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