Rent to Own Homes in Kettering
The area was settled as farmland from the late 1700s and in 1841 was named Van Buren Township. In 1952 the name was changed to Kettering (Charles Kettering resided there), and it achieved official city status three years later. Kettering is less than 80 miles from Columbus, about 50 miles from Cincinnati, 125 from Indianapolis, and 150 from Louisville.The below results are primarily rent to own homes in Montgomery County, OH:
The area was settled as farmland from the late 1700s and in 1841 was named Van Buren Township. In 1952 the name was changed to Kettering (Charles Kettering resided there), and it achieved official city status three years later. Kettering is less than 80 miles from Columbus, about 50 miles from Cincinnati, 125 from Indianapolis, and 150 from Louisville.The below results are primarily rent to own homes in Montgomery County, OH:
The Kettering Fire Department and Kettering Police Department serve the city, and the Kettering City School District includes a high school, two middle schools, and eight elementary schools. There are several private schools as well.
Kettering has 20 different parks along with the Fraze Pavilion, a popular outdoor entertainment venue which hosts, among other things, summer concerts by the Dayton Philharmonic.
Buying a Home in Kettering
The median home price in Kettering is $121,400, but beautiful luxury homes are available as well. The median age is 41.2, and 48.8% of the population is married. Most of Kettering’s schools are rated in the 7-9 (out of 10) range, which makes it an excellent choice for families with school-aged children, and gives them some different options when neighborhood shopping. Still, it’s a good idea to check the schools, as one or two have a lower rating.
Kettering is a safe city as well, with a 28 rating (out of 100) for violent crime, and a 35 rating for property crime. These are well below the US averages, which are 41.4 and 43.5 respectively.
All four seasons are available in Kettering. Average temperatures in July, the hottest month, are in the high 80's, and January sees averages in the low 20's. The average annual snowfall is 12 inches.
Popular Neighborhoods in Kettering
The Far Hills Ave/W Dorothy Lane area is an upper-middle income neighborhood with medium- to large-sized single family homes. The median home price in this neighborhood is in the $210,000 range. Most homes are established, built between 1940 and 1970, but newer homes can be found as well. It is a quiet, peaceful, retiree-friendly neighborhood. It’s also one of the safest neighborhoods in Kettering.
Similar to the above-mentioned neighborhood is the Ackerman Blvd/Judith Dr. area. Nearly 70% of the residents are married, making it a good neighborhood for families. The median home cost is $167,000, and it is also among the safest areas in Kettering.
Buying vs. Rent to Own Homes
Kettering may already be enticing you with its reasonable housing costs and good schools. Getting financing for a home, however, is big step. If you’re not quite ready for that, no need to worry. Many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s a win-win for everyone: Money in the owner’s pocket, and the possibility of owning a home for the tenants.
Summary
The cost of living in Kettering is nearly 13% below the national average; a significant part of that statistic is housing, which is an impressive 35% below the national average. Together with good neighborhoods and schools and proximity to several large cities, the Dayton suburb of Kettering could be an ideal place for you and your family.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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