Rent to Own Homes in Chickamauga
Chickamauga is a small town in the northwestern corner of Georgia that sits approximately 15 miles south of Chattanooga, Tennessee. The city is just south of the Chickamauga and Chattanooga National Military Park and within a one-hour drive of Lookout Mountain and Prince Cooper State Forest. Krystal Lake is located just outside of city limits, and the West Chickamauga Creek runs along the city's eastern edge. The city started out with fewer than 100 residents in 1900, but the population climbed to more than 3,000 residents by 2016.The below results are primarily rent to own homes in :
Chickamauga is a small town in the northwestern corner of Georgia that sits approximately 15 miles south of Chattanooga, Tennessee. The city is just south of the Chickamauga and Chattanooga National Military Park and within a one-hour drive of Lookout Mountain and Prince Cooper State Forest. Krystal Lake is located just outside of city limits, and the West Chickamauga Creek runs along the city's eastern edge. The city started out with fewer than 100 residents in 1900, but the population climbed to more than 3,000 residents by 2016.The below results are primarily rent to own homes in :
The area now known as Chickamauga was originally a settlement for the Chickamauga-Cherokee American Indians. It was later established as a large plantation, and farmers started to move into the region. The area was eventually established as a summer resort for wealthy visitors. Today, the small town is known for its antique shops, restaurants and other small businesses. It’s now a part of Walker County and features a variety of parks and other attractions that honor the history of Georgia. Some of the biggest attractions in the Chickamauga area include Crawfish Springs Park, Holland-Watson Veterans Memorial Park, Helicopter Park and Chickamauga Battlefield Museum. Residents are served by the Chickamauga City School System, which includes Gordon Lee Middle School, Gordon Lee High School and one elementary school.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
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
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.
- 30707