Rent to Own Homes in Irmo
Twelve miles from the Columbia city center, Irmo is a suburb northwest of the city and considered part of the Columbia Metropolitan Statistical Area. It is 100 miles from Charlotte, NC, and 77 miles from Augusta, GA. And it’s only 120 miles from the Atlantic coast at Charleston.The below results are primarily rent to own homes in Richland County, SC:
Twelve miles from the Columbia city center, Irmo is a suburb northwest of the city and considered part of the Columbia Metropolitan Statistical Area. It is 100 miles from Charlotte, NC, and 77 miles from Augusta, GA. And it’s only 120 miles from the Atlantic coast at Charleston.The below results are primarily rent to own homes in Richland County, SC:
Irmo is the hometown of the Okra Strut, a festival which was started in 1973 as a fundraiser for the Irmo Public Library. The festival, originally based on okra, began as a modest affair where arts and crafts were sold in Seven Oaks Park. Within a few years it had blossomed into a full festival with rides, food, music, dancing, and farm animals. Attendance exceeds 50,000, and the festival is held each year in September.
Buying a Home in Irmo
The median home price in Irmo is about $139,000, which is a remarkable 25 percent below the national average. Recent listings range from $72,200 to $2.4 million for a lakefront home on Lake Murray. The overall cost of living in Irmo is about seven percent below the national average. The average age of the residents is about 37, and 50 percent are homeowners.
GreatSchools gives Irmo’s schools an overall rating of 8 (out of 10), with Ballentine Elementary School proudly getting the full score of 10. River Springs Elementary School, Oak Pointe Elementary School and Dutch Fork Middle School all garnered a score of 9. Other schools that serve the Irmo area are rated from 6-8; not bad, but families with school-aged children will want to investigate the schools when deciding on a neighborhood.
Popular Neighborhoods in Irmo
Irmo consists of six constituent neighborhoods. The largest, Spring Hill, is primarily made up of medium- large-sized single-family homes and mobile homes. Most of the residential real estate is owner occupied, and the median cost of a home is about $244,000. The top-rated schools, low crime rate, and prevalence of single-family owner-occupied homes have put it in the top 1 percent of family-friendly neighborhoods in the entire state.
The town center – while not a downtown area – has a wide variety of housing options. It’s a peaceful, quiet area with a wide diversity of residents. It’s considered among the top four percent of neighborhoods for retirees in South Carolina. It is an upper middle income neighborhood, and the median cost of a home is about $211,000.
Buying vs. Rent to Own Homes
You may already be thinking about moving to Irmo because of its low housing cost and family-friendly neighborhoods. But buying a home can be long, expensive process. If you’re not quite ready for that step, have you considered a rent-to-own arrangement? A part of each month’s rent goes toward a down payment to buy the house. It’s easier and doesn’t require a big outlay of cash up front, and you can look forward to becoming a proud homeowner.
Summary
In Irmo’s backyard is Lake Murray. With 649 miles of shoreline, it’s a popular place for swimming, hiking, boating, fishing, camping, and other outdoor activities. Together with top schools, a mild southern climate, family-friendly neighborhoods, and proximity to the amenities of the big city, Irmo should be at the top of anyone’s list who is considering a move and a new place to settle.
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
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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