Rent to Own Homes in Lexington
This city was originally named Lexington Courthouse but was renamed to the Town of Lexington in 1861. The area continued to attract new residents, and the steady growth eventually created traffic that the roads were not equipped to handle. To solve this problem, the Lexington Town Council approved the Unified Traffic Improvement Plan and accepted state and federal funding to begin updating the roads. The area is now serviced by I-20 and multiple state and local routes, which make it easy for residents to travel to surrounding cities and states.The below results are primarily rent to own homes in Lexington County, SC:
This city was originally named Lexington Courthouse but was renamed to the Town of Lexington in 1861. The area continued to attract new residents, and the steady growth eventually created traffic that the roads were not equipped to handle. To solve this problem, the Lexington Town Council approved the Unified Traffic Improvement Plan and accepted state and federal funding to begin updating the roads. The area is now serviced by I-20 and multiple state and local routes, which make it easy for residents to travel to surrounding cities and states.The below results are primarily rent to own homes in Lexington County, SC:
Some of the more popular Lexington attractions include the Dreher Shoals Dam Walk, the Lexington County Museum and the Peachtree Rock Heritage Preserve. The city is also home to some fun annual festivals, parks, wineries and ponds.
Buying a Home in Lexington?
Median home prices in Lexington typically stay around $200,000, but you may notice dips and spikes in prices at times. It's common for buyers to pay a bit less than $100 per square foot, but the most desirable neighborhoods are known to command much higher prices. These affordable prices have allowed more than 80 percent of Lexington residents to purchase homes, and there are many stable neighborhoods with low occupant turnover rates. Since most of the schools serving the city are rated highly, you can focus on finding a home that is in an ideal location and that fits the needs of your household.
Popular Neighborhoods in Lexington?
Maple Spring Farm is one of the most popular neighborhoods in Lexington. It's located off Maxie Road and offers a quiet living environment with many well-maintained properties selling at affordable prices. Most homes are listed for less than $200,000, and the community is a short drive from many shopping centers and restaurants in town.
If you can afford to pay a bit more for your home and want more space, look near the Country Club of Lexington to find the Ashley Oaks neighborhood. You can expect to pay around $300,000 for homes in this area, but the houses are larger and you'll benefit from an established, safe community that attracts many families.
Buying vs. Rent to Own Homes?
Before you buy a home in Lexington, consider looking for rent-to-own properties. These homes allow you to rent now with the intention of purchasing the property in the future. You can transition from renter to buyer without moving yet again once the sale is final. If you know that you could qualify for a lower interest rate if you spent more time preparing for the pre-approval process, this is your chance to give yourself some time without delaying your move into a new home.
Cost of Living in Lexington?
The overall cost of living in Lexington often reflects the national average. The housing market can drop slightly below average at times, but it stays close to average most of the time. While some residents may pay above-average prices for other expenses, it balances out to reflect the national average overall. This creates an affordable city where most residents can live comfortably even while paying a mortgage payment.
Lexington is a suburb of Columbia and is within 100 miles of Charlotte, North Carolina, and Augusta, Georgia. This central location allows residents to commute for employment as well as entertainment and recreational opportunities, and the beaches along the Atlantic coast are less than a three-hour drive away. This is a family-friendly community that offers the feel of a small town without isolating residents from the employment opportunities available in larger cities.
Summary
Lexington is a suburb of Columbia and is within 100 miles of Charlotte, North Carolina, and Augusta, Georgia. This central location allows residents to commute for employment as well as entertainment and recreational opportunities, and the beaches along the Atlantic coast are less than a three-hour drive away. This is a family-friendly community that offers the feel of a small town without isolating residents from the employment opportunities available in larger cities.
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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