Rent to Own Homes in Great Falls
The Missouri River runs through the center of Great Falls, and residents enjoy easy access to the water through riverside parks and golf courses. This includes Riverside Park, which is positioned on the eastern and western shores of the river. Some of the more popular recreational areas in the Great Falls area include Giant Springs State Park, First Peoples Buffalo Jump State Park, Benton Lake National Wildlife Refuge and Rainbow Dam.
The city of Great Falls is also home to Rainbow Falls, which is a picturesque waterfall contained in a park where residents and visitors can go hiking or simply sit by the water and enjoy the view. There are other waterfalls in the surrounding area, making the city a popular destination for tourists. In the summer, residents are also a short drive from the Showdown Ski Area and many other mountain ranges offering trails for skiing, snowboarding, tubing and other winter sports.
Buying a Home in Great Falls?
You can expect to see average listing prices around $200,000 throughout the city of Great Falls. With median rental prices for the city going beyond $1,000 per month, it's not surprising that approximately 70 percent of residents own their homes. When considering various neighborhoods, keep in mind that this isn't a highly walkable city. You may want to select a community that is a short distance from your place of employment. Many residents also choose homes based on how close they want to live to the river, the mountains and other locations offering outdoor recreation.
Popular Neighborhoods in Great Falls?
Fox Farm is one of the more popular neighborhoods in Great Falls. Young residents are zoned to attend Meadowlark Elementary School, which is considered one of the best public schools in the city. The neighborhood is also close to Meadowlark Country Club and is positioned near the Missouri River. Most of the homes in this area were built during or before 1970, and they often sell for around $200,000. You will find the occasional home selling for around $100,000 or a little more than $300,000.
If you need lower home prices, look in the East Side neighborhood. Many of these homes sell for less than $200,000, and it's rare to see properties listed anywhere close to $300,000.
Buying vs. Rent to Own Homes?
Are you tempted by the affordable homes for sale in Great Falls? If so, you may question whether you're ready to apply for a home loan and accept the responsibility that comes with owning property. The good news is that you now have the option to gradually move in the direction of homeownership rather than diving in immediately.
Rent-to-own homes allow you to start out as a renter with the intention of later purchasing the same property. Once you secure financing and purchase the home, you become the owner. This is a slower process toward ownership, but it's a great opportunity to ease into one of the biggest responsibilities of adult life.
Cost of Living in Great Falls?
The housing index often falls 15 percent or more below the national average, and most other expenses are close to average. This creates an overall cost of living that is slightly below average. If you plan on moving to Great Falls, make sure that you budget your new home carefully so that your overall budget is well-balanced and easily maintained in the long term. You can live in this city affordably even if you do splurge for a few upscale home amenities.
Great Falls, Montana, is the type of city that you want to attend when the snow starts to fall in the northern United States, but many people also consider it a great place to live. It's close to multiple ski resorts, waterfalls and state parks that offer outdoor recreation opportunities year-round. The Missouri River runs through the center of the city, providing residents with easy access to the water. While this is one of the coldest regions of the country in the winter, it attracts many people who enjoy winter sports or who simply want to remain active and healthy year-round.
Summary
Great Falls, Montana, is the type of city that you want to attend when the snow starts to fall in the northern United States, but many people also consider it a great place to live. It's close to multiple ski resorts, waterfalls and state parks that offer outdoor recreation opportunities year-round. The Missouri River runs through the center of the city, providing residents with easy access to the water. While this is one of the coldest regions of the country in the winter, it attracts many people who enjoy winter sports or who simply want to remain active and healthy year-round.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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