Rent to Own Homes in Lakewood
Approximately seven miles west of Denver in northern Colorado sits a mid-sized city named Lakewood. While it sits in the shadows of well-known Denver, it has a lot to offer residents as well as visitors. Green Mountain is located to the east of the city, and Green Mountain Park is carved out of the edge of the mountain range to create a place for... Read More
Approximately seven miles west of Denver in northern Colorado sits a mid-sized city named Lakewood. While it sits in the shadows of well-known Denver, it has a lot to offer residents as well as visitors. Green Mountain is located to the east of the city, and Green Mountain Park is carved out of the edge of the mountain range to create a place for locals to hike, jog and bike. Bear Creek Lake is located toward the southern end and features a beach popular with families as well as designated areas for fishing and trails for walking and jogging. Smaller parks and lakes are located throughout the city, including Kendrick Lake Park and Crown Hill Park.The below results are primarily rent to own homes in Jefferson County, CO:
Approximately seven miles west of Denver in northern Colorado sits a mid-sized city named Lakewood. While it sits in the shadows of well-known Denver, it has a lot to offer residents as well as visitors. Green Mountain is located to the east of the city, and Green Mountain Park is carved out of the edge of the mountain range to create a place for... Read More
Approximately seven miles west of Denver in northern Colorado sits a mid-sized city named Lakewood. While it sits in the shadows of well-known Denver, it has a lot to offer residents as well as visitors. Green Mountain is located to the east of the city, and Green Mountain Park is carved out of the edge of the mountain range to create a place for locals to hike, jog and bike. Bear Creek Lake is located toward the southern end and features a beach popular with families as well as designated areas for fishing and trails for walking and jogging. Smaller parks and lakes are located throughout the city, including Kendrick Lake Park and Crown Hill Park.The below results are primarily rent to own homes in Jefferson County, CO:
The Lakewood Gulch is designed to drain water from the region into the South Platte River, but it also serves as a popular place for residents to exercise and enjoy time with friends. The City of Denver and the Lakewood City Council have created a network of trails around the gulch which provide beautiful views of the water.
Lakewood is part of Jefferson County and offers the area a variety of theater and arts venues, including the popular Lakewood Cultural Center. Residents have access to a variety of employment opportunities, and government jobs are plentiful. The Denver Federal Center, St. Anthony Hospital and Jefferson County Public Schools are a few of the largest employers in the city, so jobs are readily available in the medical field as well as at Lakewood High School and other primary schools.
Buying a Home in Lakewood?
While the median listing price for homes in Lakewood is over $400,000, the average sales price is closer to $300,000. It’s common for homes to sell with a single offer in this market, but there are times when buyers may need to compete with one or two additional buyers. You can expect to find 200-300 listings on the market at any given time, but homes in move-in condition located in desirable neighborhoods tend to sell fast. It’s best to study the neighborhoods and watch the listings closely so that you’re one of the first to view homes that meet your needs.
Popular Neighborhoods in Lakewood?
Green Mountain is the most popular neighborhood in Lakewood because of its close proximity to the mountains. Homes are generally single-family structures with three to five bedrooms and medium to large-sized yards. You can expect prices in the $400,000 range throughout the community, but the best schools are located in the western edge of the neighborhood.
The median sales price in the Foothills area is $225,000, but the schools aren’t as desirable in this area. If you can afford prices closer to $300,000, the Kendrick Lake neighborhood offers access to better schools as well as reasonably-affordable prices.
Buying vs. Rent to Own Homes?
Have you noticed that some homes in Lakewood offer a rent-to-own option? This isn’t an agreement that will work for everyone, but it’s a valuable resource if you need time to improve your financial situation before committing to a home loan. If you accept this option, you will move into your new home as a renter. The owner of the property may assume some or all responsibility for maintenance expenses, or the agreement may require you to care for the home as if it is already yours right from the start. Once your rental period is complete, you will have the option to secure a loan and purchase the property officially. This is a slower route to home ownership, but it is helpful if you aren’t ready to take out a loan today.
Cost of Living in Lakewood?
The cost of housing in Lakewood is about 30 percent higher than the national average, but it’s even with the Colorado average. Housing is a bit more expensive in this state than many others, but prices for food and other everyday living expenses are typically on par with national averages. You can expect to pay around five dollars for a pound of raw chicken or seven dollars for a combo meal at a fast food restaurant, and you can expect housing to rank as your largest expense.
Lakewood, Colorado is home to approximately 140,000 people, and the city is cherished for its close proximity to the mountains and accessibility of parks and lakes from residential areas. Home prices are a bit higher here than in some other mid-sized cities throughout the United States, but it’s worth the price of admission if you want to slip into the mountains for a morning jog or take your family out to ski after work. There are also many big companies offering jobs in the area.
Summary
Lakewood, Colorado is home to approximately 140,000 people, and the city is cherished for its close proximity to the mountains and accessibility of parks and lakes from residential areas. Home prices are a bit higher here than in some other mid-sized cities throughout the United States, but it’s worth the price of admission if you want to slip into the mountains for a morning jog or take your family out to ski after work. There are also many big companies offering jobs in the area.
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 rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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