Rent to Own Homes in Canton
Located approximately 40 miles north of the capital city of Atlanta, Canton is a small city in north-central Georgia. Historically a mill town and at one time universally acclaimed for its “Canton Denim,” Canton continues to experience growth and prosperity with its fast-diversifying economy and numerous revitalization efforts. With a population of about 7,700 in 2000 to over 25,000... Read More
Located approximately 40 miles north of the capital city of Atlanta, Canton is a small city in north-central Georgia. Historically a mill town and at one time universally acclaimed for its “Canton Denim,” Canton continues to experience growth and prosperity with its fast-diversifying economy and numerous revitalization efforts. With a population of about 7,700 in 2000 to over 25,000 as recently as 2015, Canton has seen explosive growth in the past 15 years. Many of the city-wide projects that key officials and businesspeople have undertaken largely explain how and why Canton is experiencing a boom. The Historic Canton Theatre, Heritage Park, an $ 8 million community center, the Bluffs Parkway, Hickory Log Creek Dam are among the projects that have bolstered the city’s economy, infrastructure, and array of entertainment and recreational options. Canton’s history, thriving music and arts scene, and many year-round festivals and outdoor activities – including the Red Top Mountain and Appalachian Trail – have made it one of Georgia’s brightest and enjoyable cities in the greater Atlanta metro area.
Buying a Home in Canton, GA
As Canton continues to experience an economic boom, spurring demand for real estate, an array of residential properties will be available for sale. Aspiring Canton homeowners can expect quality, freshly built homes in clean and safe neighborhoods. Currently, median home and rental prices are $290,990 and $1,395 respectively, numbers that are both higher than the state averages of $199,900 and $1,200. While home and rental prices are higher than the state average, home appreciation rates have been great. Last year, for instance, home values went up 7.3%, and according to Zillow, will rise 4.8% within the next year.The below results are primarily rent to own homes in Cherokee County, GA:
Located approximately 40 miles north of the capital city of Atlanta, Canton is a small city in north-central Georgia. Historically a mill town and at one time universally acclaimed for its “Canton Denim,” Canton continues to experience growth and prosperity with its fast-diversifying economy and numerous revitalization efforts. With a population of about 7,700 in 2000 to over 25,000... Read More
Located approximately 40 miles north of the capital city of Atlanta, Canton is a small city in north-central Georgia. Historically a mill town and at one time universally acclaimed for its “Canton Denim,” Canton continues to experience growth and prosperity with its fast-diversifying economy and numerous revitalization efforts. With a population of about 7,700 in 2000 to over 25,000 as recently as 2015, Canton has seen explosive growth in the past 15 years. Many of the city-wide projects that key officials and businesspeople have undertaken largely explain how and why Canton is experiencing a boom. The Historic Canton Theatre, Heritage Park, an $ 8 million community center, the Bluffs Parkway, Hickory Log Creek Dam are among the projects that have bolstered the city’s economy, infrastructure, and array of entertainment and recreational options. Canton’s history, thriving music and arts scene, and many year-round festivals and outdoor activities – including the Red Top Mountain and Appalachian Trail – have made it one of Georgia’s brightest and enjoyable cities in the greater Atlanta metro area.
Buying a Home in Canton, GA
As Canton continues to experience an economic boom, spurring demand for real estate, an array of residential properties will be available for sale. Aspiring Canton homeowners can expect quality, freshly built homes in clean and safe neighborhoods. Currently, median home and rental prices are $290,990 and $1,395 respectively, numbers that are both higher than the state averages of $199,900 and $1,200. While home and rental prices are higher than the state average, home appreciation rates have been great. Last year, for instance, home values went up 7.3%, and according to Zillow, will rise 4.8% within the next year.The below results are primarily rent to own homes in Cherokee County, GA:
Popular Neighborhoods in Canton, GA
Median home prices in Canton range from a low of $255,720 in the North Canton neighborhood to a high of $356,217 in the easternmost neighborhood of Macedonia. In Laffingal, a popular neighborhood in the city, the median real estate price is $333,646. Laffingal is certainly a place that families should consider. Neighborhood Scout’s analysis reveals that a large concentration of Laffingal’s residents are married couples with children. What’s more, public schools are among some of the best in the city, virtually no crime exists, and most of the residences are owner-occupied. With close access to Allatoona Lake and the abundance of newly built residential properties to choose from (Neighborhood Scout notes that close to 75% of the residential real estate here was built after 1999), Laffingal is sure to impress aspiring homeowners.
Buying vs. Rent to Own Homes in Canton, GA
Buying a home certainly comes with a huge time commitment. The sheer amount of time and energy that goes into securing a mortgage is enough to complicate the homebuying experience. Aspiring first-time homeowners, retirees, and downsizers – whatever the buyer profile – can all benefit from a rent to own option. This unique opportunity enables the aspiring homeowner to first live in the home of their choosing provided they meet rental and contractual obligations. Homeownership is thus simplified and in the meantime one’s financial standing can be improved (paying down debt, improving a credit score, and saving for a down payment).
Summary
Aspiring homeowners looking for a small city with the amenities of big city life will be pleased with everything Canton has to offer. Brimming with beautiful residential neighborhoods, scenic architecture and a historic downtown area, and countless museums, cultural attractions, and outdoor recreational activities, there is much to see and do in Canton. The city makes it very easy to plug right into the city’s and surrounding county’s action. The Chamber of Commerce of Cherokee County and the Community Calendar both have a gold mine of information. Aspiring residents here will find that Canton is one of Georgia’s top places in which to live, work, and play.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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