Rent to Own Homes in Kentwood
The city of Kentwood in the south central Keny County, Michigan, is home to a population of around 49 thousand people. The Kentwood city limits stretch to Wyoming on its west side, Grand Rapids and Grand Rapids Township on its north side, Cascade Township on its east side, and Gaines Township along its southern edge.The below results are primarily rent to own homes in :
The city of Kentwood in the south central Keny County, Michigan, is home to a population of around 49 thousand people. The Kentwood city limits stretch to Wyoming on its west side, Grand Rapids and Grand Rapids Township on its north side, Cascade Township on its east side, and Gaines Township along its southern edge.The below results are primarily rent to own homes in :
The town's library, which is a part of the larger Ken District Library, was opened in 2010 and sits next to Kentwood City Hall. The foundations of the library were built on an old landfill. The Kentwood Branch Library has been kept clean and free of methane from the landfill via controlled methane flares. Kentwood Public Schools is the main school district in the Kentwood area and oversees ten elementary schools, one early childhood program building, three middle schools, one freshman campus, one high school, and one alternative high school. East Kentwood High School was built in 1969 and oversees the education of around 1800 students each year. The original high school opened in 1960, but now plays home to Crestwood Middle School. The high school was dubbed East Kentwood" because the city believed that it would build a "West Kentwood" school later on. However the decision was voted down
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
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
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.
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