Rent to Own Homes in Fort Collins
The below results are primarily rent to own homes in Larimer County, CO:
Colonel William O. Collins once helped create a U.S. Army outpost on the Cache La Poudre River without knowing that it would turn into the modern city of Fort Collins that more than 150,000 people now call home. Located 65 miles outside of Denver, this northern Colorado city is separated from the Rocky Mountains Front Range by Horsetooth Reservoir. The reservoir offers residents more than three miles of water for swimming, boating, fishing, water skiing and scuba diving. Campgrounds are offered in the park surrounding the reservoir, and space is designated for rock climbing and picnicking.
For those interested in horseback riding or mountain biking, Lory State Park offers beautiful trails through the mountains just north of the reservoir. From Horsetooth Mountain and the Cache La Poudre River to the nearby Arapaho National Forest, the opportunities to explore the natural world are almost endless in this area of Colorado.
While most Fort Collins residents enjoy active lifestyles, there are those that prefer to enjoy their adventures downtown Fort Collins or on the Colorado State University campus. There are many city attractions that don’t involve mountains and rivers, including the Fort Collins Symphony, the Center for Fine Art Photography and the Fort Collins Lincoln Center. Hughes Stadium is the hotspot for those interested in sports, and Fort Collins public schools are available to ensure residents are well educated.
Buying a Home in Fort Collins
It’s common for homes to sell for nearly $200 per square foot in Fort Collins. The average listing price is around $400,000, but the median sales price is closer to $300,000. There aren’t as many foreclosure homes on the market as you would expect for a large city in the United States, so investors may have to work closely with a realtor to find properties that meet their needs. This is a competitive market for single-family homes, and some homes in the best neighborhoods do sell for slightly more than asking price.
Popular Neighborhoods in Fort Collins
The most prestigious communities in Fort Collins are located near the water because buyers want direct lakefront access in a remote setting with low crime rates. Eagle Lake is a popular gated community where large homes with acreage are given lake privileges and access to the reservoir. Lakefront homes are also available in the Briarwood neighborhood. Lindenwood is equally as popular but for its equestrian trails rather than lake access.
All of those neighborhoods require substantial investments, but you get the upscale waterside perks in exchange. If you need something more affordable, you will find homes with an average listing price under $300,000 in the City Park Heights and Troutman Park neighborhoods.
Buying vs. Rent to Own Homes
If you’re not ready to take out a loan and sign away years of your life to a substantial purchase right now, you have an alternative route to home ownership. That alternative is the rent-to-own buying option. Rather than securing a letter of approval or qualification from the bank right now, you move into your new home as a renter. This allows you to live in the home and meet your new neighbors while you work towards securing financing to purchase the property.
That rental period allows you to clear up whatever is holding you back from securing financing right now, and you don’t risk losing your home to another buyer. For anyone dreaming of buying a home in the near future, these agreements are a dream come true.
Cost of Living in Fort Collins
The cost of housing in Fort Collins is 30 or 40 percent higher than the national average. Most other expenses are comparable to the national average, but high home prices drive up the overall cost of living for all residents. If you’re moving to town with a limited budget, start thinking of ways to conserve in other aspects of your budget so that you can afford to invest in a home that will meet your needs today and in the future.
You don’t move to Colorado if you don’t want to escape into the woods for a brisk hike, an adventurous mountain biking trip or a relaxing trail ride on your favorite horse. Of course, the state is also known as a great place for winter sports, so skiing should top your list of must-do activities if you’re planning a move to Fort Collins. This city is home to a long list of lakes, and there are lakeside homes offering water rights to almost all of them. Fort Collins is also located just to the east of the Rocky Mountains Front Range, so there are miles of rough terrain just outside city limits waiting for you to explore.
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
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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.