Rent to Own Homes in Katy
Many residents currently commute to surrounding cities for employment. As the city grows and new residential areas are constructed, a number of shopping centers, restaurants and small businesses come to town. One of the more active economic centers is Katy Fort Bend Road, which is where many residents spend their down time and find employment.The below results are primarily rent to own homes in Harris County, TX:
Many residents currently commute to surrounding cities for employment. As the city grows and new residential areas are constructed, a number of shopping centers, restaurants and small businesses come to town. One of the more active economic centers is Katy Fort Bend Road, which is where many residents spend their down time and find employment.The below results are primarily rent to own homes in Harris County, TX:
Some of the biggest attractions in Katy include the Typhoon Texas water park, the KCAM Contemporary Art Museum, the Katy Visual and Performing Arts Center and the Katy Heritage Museum. The city is home to a variety of family-friendly entertainment venues, including Mary Jo Peckham Park and the Meadowbrook Farms Golf Club. Lebanon also offers adults a variety of gift shops, bars, breweries and one dinner theater. The city is served by Greyhound buses through Katy Station.
Buying a Home in Katy?
Many small towns with fewer than 20,000 residents often have equally small real estate markets, but that isn't the case with Katy. This growing town features a booming real estate market that is known to feature more than 1,000 properties for sale at any given time. The median listing price is typically well above $300,000, but you can find more affordable properties if you watch the market closely.
The median square footage for homes in this city is around 3,000 square foot, and there are more single-family homes on the market than town homes or rental properties. With low crime rates throughout the city and top-rated public schools, it's no wonder that more than 80 percent of Katy residents own their homes.
Popular Neighborhoods in Katy?
Katy has a unique design because most of the neighborhoods are master-planned communities. You'll find a variety of small subdivisions within each larger community, but the overall community will determine your tax rate, school zone and local neighborhood amenities. The cheapest communities are located in the northern half of the city and include Cimarron, West Memorial and Governor's Place.
Most communities in the southern half of the city have price ranges between $200,000-$400,000. Some the best options in this half of the city include Cardiff Ranch, Falcon Landing and Westheimer Lakes North. You'll find more gated communities with luxury amenities for residents in this southern region.
Buying vs. Rent to Own Homes?
Buying a home in Katy is a big responsibility, especially if you want to purchase one of the more luxurious homes in a gated community. You can give yourself some time to prepare for that responsibility if you invest in a rent-to-own home. Not all homes for sale in Katy will offer this type of deal, but it's worth searching out those that will. You'll move into your new property quickly while having more time to prepare for homeownership. How you use the rental period is up to you, but many buyers use that time to strengthen their financial portfolio so that they can secure a lower interest rate when they do buy the home.
Cost of Living in Katy?
The cost of living in Katy can go higher than the national average due to the high cost of housing. The housing index is known to spike more than 20 percent above the national average at times, increasing the overall cost of living for most residents. Most other expenses are comparable to national averages, so it is still possible to live comfortably in this city as long as you select your home wisely.
Katy is located less than 30 miles from Houston, so residents benefit from a small-town lifestyle while remaining a short drive from the entertainment and employment opportunities in the larger city. The city is home to a short list of bars, breweries, theaters, gift shops and parks, so many residents live comfortably without commuting. Katy offers an affordable housing market and is attractive to many families and singles who want to live in a small town with low crime rates, excellent public schools and friendly neighborhoods.
Summary
Katy is located less than 30 miles from Houston, so residents benefit from a small-town lifestyle while remaining a short drive from the entertainment and employment opportunities in the larger city. The city is home to a short list of bars, breweries, theaters, gift shops and parks, so many residents live comfortably without commuting. Katy offers an affordable housing market and is attractive to many families and singles who want to live in a small town with low crime rates, excellent public schools and friendly neighborhoods.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
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.
- 77449
- 77450
- 77494
- 77493
- 77491
- 77492