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Rent to Own Homes in Louisiana
It’s difficult to think about the current Louisiana state without your mouth watering. This state is well known for Louisiana Creole and Cajun foods, and natives often cook these spicy, complex meals well after they move into other states. It’s not just a cuisine. It’s a way of life for many. Each year, a flood of visitors arrive in search of authentic restaurants... Read More
It’s difficult to think about the current Louisiana state without your mouth watering. This state is well known for Louisiana Creole and Cajun foods, and natives often cook these spicy, complex meals well after they move into other states. It’s not just a cuisine. It’s a way of life for many. Each year, a flood of visitors arrive in search of authentic restaurants serving up gumbo, jambalaya, red beans with rice and table loads of shrimp and crawfish. Since this boot-shaped state is located on the Gulf of Mexico, seafood is a staple for locals.
The Mississippi River runs through the southeastern portion of Louisiana along with the Atchafalaya River. The Kisatchie National Forest marks the center of the state, and there are many state preservation areas in the northern half. Some wildlife management areas are also located in the southwestern Louisiana region. With a distinct local culture and a rich natural landscape, this is one of the most interesting areas of the United States to call home.The below results are primarily rent to own homes in :
It’s difficult to think about the current Louisiana state without your mouth watering. This state is well known for Louisiana Creole and Cajun foods, and natives often cook these spicy, complex meals well after they move into other states. It’s not just a cuisine. It’s a way of life for many. Each year, a flood of visitors arrive in search of authentic restaurants... Read More
It’s difficult to think about the current Louisiana state without your mouth watering. This state is well known for Louisiana Creole and Cajun foods, and natives often cook these spicy, complex meals well after they move into other states. It’s not just a cuisine. It’s a way of life for many. Each year, a flood of visitors arrive in search of authentic restaurants serving up gumbo, jambalaya, red beans with rice and table loads of shrimp and crawfish. Since this boot-shaped state is located on the Gulf of Mexico, seafood is a staple for locals.
The Mississippi River runs through the southeastern portion of Louisiana along with the Atchafalaya River. The Kisatchie National Forest marks the center of the state, and there are many state preservation areas in the northern half. Some wildlife management areas are also located in the southwestern Louisiana region. With a distinct local culture and a rich natural landscape, this is one of the most interesting areas of the United States to call home.The below results are primarily rent to own homes in :
The most well known city in Louisiana is New Orleans. This city sits in the southeastern corner of the state right on Lake Pontchartrain. It’s home to many state landmarks, including the French Quarter, Audubon Zoo and Aquarium of the Americas. Early each year, the city also hosts a massive celebration known as Mardi Gras.
Beyond the New Orleans area, many residents live in Baton Rouge, Alexandria and a variety of small towns along the Mississippi border. While much of the culture focuses on the water, you can find many pleasant communities in the northern regions of the state. You’ll still want to make trips out to the Gulf coastline to enjoy beautiful sunsets over the water.
Buying a Home in Louisiana?
You will find upwards of 10,000 homes on the Louisiana market at any given time, but there’s a definite pattern when you look at maps representing the location of those homes. Most of the properties are located in the southern half of the state, and the majority are in the eastern portion surrounding New Orleans. This reflects the desire of locals to live near the water.
While some states feature low-priced homes in big cities and more prestigious communities with expensive homes in smaller towns, that doesn’t hold true for Louisiana. The prices are more scattered, with homes in the $100,000 range found in all regions of the state. Homes above $200,000 are also located in various areas, so there are properties available to buyers in all price ranges regardless of the region in which you want to live. This allows buyers to focus on finding the best city and neighborhood for their needs without concern for budget.
Since the state of Louisiana is below sea level and many homes are located within close proximity of large bodies of water, you must factor flood insurance into your budget. This isn’t included in most homeowner insurance policies, but it’s essential for all homes throughout the state.
Popular Neighborhoods in Louisiana?
The upbeat vibe of New Orleans will attract many new residents, but some of the best communities are in other regions of the state. For instance, one of the most attractive areas for families is Inniswold. This neighborhood is found in East Baton Rouge Parish and has an excellent school system. The average price of a home in the area is just above $200,000, and there are some excellent restaurants serving authentic Louisiana cuisine to locals and visitors.
If you need substantially lower prices but still want a reasonable school district and pleasant living environment, head to Lafayette Parish and find a municipality known as Scott. You’ll find homes priced well below $100,000 along with low unemployment rates and a local cost of living up to 15 percent lower than the national average.
If you can afford a home above $300,000 and want the close-knit ties of a small southern town, look to Covington, Louisiana. This city is surrounded by three rivers in St. Tammany Parish, and many of the historic homes and buildings have been carefully preserved. The downtown area has a slow-paced vibe and features a line of small local businesses.
Another neighborhood within this higher end of the real estate market is Eden Isle in the city of Slidell. This is a modern suburb that offers many entertainment options, restaurants and shopping destinations within close proximity to residential areas.
Buying vs. Rent to Own Homes?
When you’re ready to buy a new home, don’t limit yourself to the traditional home-buying process. There are now alternative contracts that help many homebuyers secure property with much less stress. One of the most popular options is the rent-to-own contract. Not all homes on the Louisiana market will offer this deal, but it’s always worth asking about if this negotiation works best for your current situation.
When you rent to own, you move into your property as a renter. This allows you to move in right away without worrying about securing your loan and putting up a down payment. Throughout the rental period, you will have time to clean up your credit, shop around for lenders willing to offer you a low interest rate, save for your down payment or take care of other issues that may make securing a home loan difficult right now. Before the contract ends, you will have the right to purchase the home and make it your own. This is a slower path to home ownership, but it’s a good option if you have some issues to settle before going through the loan approval process.
Cost of Living in Louisiana?
Whether your budget affords you a $400,000 home or a $90,000 home, you’ll find Louisiana cooperative with your needs. This is one of the most affordable states in the country with an overall cost of living approximately 5 percent below the national average. Housing expenses are up to 10 percent below the national average, and all other expenses generally fall at least a few percentage points lower than the national average. While many states offset low housing prices with high utility expenses, utility prices average 15 percent lower than the national average in this state. From groceries and clothing to lighting your home, Louisiana is a bargain state.
It’s common for people to visit New Orleans for Mardi Gras and fall in love with Louisiana as a whole. Sitting on the coast of the Gulf of Mexico, this beautiful state is home to many smaller rivers and lakes. The state’s Cajun and Creole cuisine is known around the world and is heavily focused on seafood. This is one of the most affordable states in the U.S., and home prices vary from well under $100,000 to well over $300,000 in all regions of the state. You can live in large cities like New Orleans and Baton Rouge, but there are also many small towns full of southern charm waiting for new residents.
Summary
It’s common for people to visit New Orleans for Mardi Gras and fall in love with Louisiana as a whole. Sitting on the coast of the Gulf of Mexico, this beautiful state is home to many smaller rivers and lakes. The state’s Cajun and Creole cuisine is known around the world and is heavily focused on seafood. This is one of the most affordable states in the U.S., and home prices vary from well under $100,000 to well over $300,000 in all regions of the state. You can live in large cities like New Orleans and Baton Rouge, but there are also many small towns full of southern charm waiting for new residents.