Rent to Own Homes in Kernersville
Located about 12 miles east of Winston-Salem and about 20 miles west of Greensboro, Kernersville, North Carolina is a small town in north-central North Carolina. In the past decade alone, Kernersville has undergone significant residential, structural, and architectural improvements. Many of its residential areas – various homes, parks, and one main bridge in town – have been redeveloped... Read More
Located about 12 miles east of Winston-Salem and about 20 miles west of Greensboro, Kernersville, North Carolina is a small town in north-central North Carolina. In the past decade alone, Kernersville has undergone significant residential, structural, and architectural improvements. Many of its residential areas – various homes, parks, and one main bridge in town – have been redeveloped and beautified. Numerous shopping centers and restaurants have also been built over the past several years. Demand for housing, as a result, is growing. This can be attributed to the town’s growth. From 1990 to 2010, Kernersville’s population more than doubled from 10,836 to over 23,000 residents. Famed for its history, farmlands, and many year-round recreational activities and festivals, Kernersville is among North Carolina’s most desirable places to call home.
Buying a Home in Kernersville, NC
Compared to the state median price of $226,000, buying a home in Kernersville is an affordable option. The median price of homes in Kernersville is $199,500. Slightly outpacing the state average of 3.4%, home values here over the next year are expected to increase 3.9%, presenting a wonderful opportunity of the aspiring homeowner looking to settle in North Carolina. For its quality of life, cost of living, responsive local government and comprehensive public works, (including, as noted on the town’s website, solid waste collection, street maintenance and repair services, stormwater management, community development, among others), Kernersville’s many residential options are among some of the best in the state. The below results are primarily rent to own homes in Forsyth County, NC:
Located about 12 miles east of Winston-Salem and about 20 miles west of Greensboro, Kernersville, North Carolina is a small town in north-central North Carolina. In the past decade alone, Kernersville has undergone significant residential, structural, and architectural improvements. Many of its residential areas – various homes, parks, and one main bridge in town – have been redeveloped... Read More
Located about 12 miles east of Winston-Salem and about 20 miles west of Greensboro, Kernersville, North Carolina is a small town in north-central North Carolina. In the past decade alone, Kernersville has undergone significant residential, structural, and architectural improvements. Many of its residential areas – various homes, parks, and one main bridge in town – have been redeveloped and beautified. Numerous shopping centers and restaurants have also been built over the past several years. Demand for housing, as a result, is growing. This can be attributed to the town’s growth. From 1990 to 2010, Kernersville’s population more than doubled from 10,836 to over 23,000 residents. Famed for its history, farmlands, and many year-round recreational activities and festivals, Kernersville is among North Carolina’s most desirable places to call home.
Buying a Home in Kernersville, NC
Compared to the state median price of $226,000, buying a home in Kernersville is an affordable option. The median price of homes in Kernersville is $199,500. Slightly outpacing the state average of 3.4%, home values here over the next year are expected to increase 3.9%, presenting a wonderful opportunity of the aspiring homeowner looking to settle in North Carolina. For its quality of life, cost of living, responsive local government and comprehensive public works, (including, as noted on the town’s website, solid waste collection, street maintenance and repair services, stormwater management, community development, among others), Kernersville’s many residential options are among some of the best in the state. The below results are primarily rent to own homes in Forsyth County, NC:
Popular Neighborhoods in Kernersville, NC
Of Kernersville’s 11 neighborhoods, ten range in median home prices between $107,866 and $193,776. The last remaining neighborhood, the town’s westernmost Guthrie neighborhood, is the most expensive with the median price of homes at $229,328. In the Quail Hollow Rd neighborhood, one of Kernersville’s most popular neighborhoods, home and rental prices are, on average, $183,201 and $1,007 respectively. According to Neighborhood Scout, most of the residences here are owner occupied, vacancy rates are 7.9%, schools are great, and crime rates are little to none, making Quail Hollow very family friendly. Residents here can also enjoy the Pine Knolls Golf Club, the Kernersville Lake Park, and Belews Lake.
Other places of interest throughout the town include: the famous Korner’s Folly. Built in the late 1870’s, with its 22 rooms on seven levels, 15 decorated fireplaces, and said to have one of the earliest private theaters in the country, Korner’s Folly has been noted across many national publications. The Town’s Honeybee Festival, Paul J. Ciener Botanical Garden, Mountain Bike Single Track Park, Kernersville Museum and the Kernersville Depot, among many other historical sites and buildings, attract a diverse range of residents with varying interests, hobbies, and entertainment preferences.
Buying vs. Rent to Own Homes in Kernersville, NC
With so many historical and modern amenities, cultural exhibitions, and range of recreational activities in this fast-growing southern city in the heart of North Carolina, buying a home here is a great opportunity. A rent to own option definitely makes homeownership possible—be it for the first-time homebuyer, retiree, or downsizer. This unique opportunity enables the said homeowner to first rent the home of their choosing. Provided rental payments and contractual obligations are met, homeownership can be made possible in no time all while allowing significant savings in time and money. Improving a credit score, paying down debt, and saving for a down payment are all ways to improve one’s financial standing when going with a rent to own option.
Summary
Kernersville has some interesting history. Recently a hot spot for presidents on the campaign trail, the town reportedly was a host to the nation’s first President, George Washington, way back in June of 1791 when he ate breakfast at Dobson’s Tavern. This is indeed a town rich with history—history spanning over two centuries. However, Kernersville is also very forward-thinking, buzzing with life and energy and a strong community spirit. While not far from other major cities in the state like Chapel Hill, Durham, and Raleigh, Kernersville confidently stands in a unique category of its own.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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