Rent to Own Homes in Lowell
Recent efforts at Lowell city development have turned old mill buildings into commercial space. From art galleries and shopping boutiques... Read More
Recent efforts at Lowell city development have turned old mill buildings into commercial space. From art galleries and shopping boutiques to office space, the city has transformed from one of the first industrial towns to a modern space full of entertainment options. You can still experience some of the city’s historical roots by visiting the preserved buildings located in the Lowell National Historical Park.The below results are primarily rent to own homes in Middlesex County, MA:
Recent efforts at Lowell city development have turned old mill buildings into commercial space. From art galleries and shopping boutiques... Read More
Recent efforts at Lowell city development have turned old mill buildings into commercial space. From art galleries and shopping boutiques to office space, the city has transformed from one of the first industrial towns to a modern space full of entertainment options. You can still experience some of the city’s historical roots by visiting the preserved buildings located in the Lowell National Historical Park.The below results are primarily rent to own homes in Middlesex County, MA:
Residents living in Lowell can easily commute to surrounding cities using the Lowell Connector. They also participate in a statistical area known as Greater Lowell. For entertainment and cultural immersion, residents can visit the Tsongas Center, the Lowell Memorial Auditorium and the Whistler House Museum of Art. Outdoor recreation is provided by the Edward A. LeLacheur Park, Bruce Freeman Rail Trail, Beaver Brook and the Pawtucket Canal.
Buying a Home in Lowell?
While the median listing price for Lowell homes can go higher than $300,000 at times, the median sales price typically stays below that figure. You can expect to pay more than $100 per square foot with some homes going much closer to $200 per square foot. If you have a more restrictive budget, consider shopping for homes in the least prestigious neighborhoods or reducing your bedroom count and square footage.
All of the elementary and middle schools in town have average ratings, and both high schools have low ratings. If you have school-aged children, you may consider selecting a home close to one of the city’s private schools. The Franco American School, the St. Louis Catholic School and the Hellenic American Academy are good alternatives.
Popular Neighborhoods in Lowell?
If you want to invest in the history of Lowell, you may appreciate the Belvidere neighborhood. This is where you’ll find preserved historic homes surrounded by multiple historical landmarks. There is a serious effort to preserve as much of the neighborhood’s historical charm as possible, so this is a great place to live if you enjoy architecture.
If you’re searching for a multi-family home or want a house with more acreage, look in the Lowell Highlands community. The real estate is diverse in this area, and there is some commercial and office space mixed into the landscape as well. For a neighborhood close to outdoor recreational opportunities, Pawtucketville will place you close to the Lowell-Dracut-Tyngsboro State Forest. Buying vs. Rent to Own Homes
Rent-to-own agreements allow you to take possession of your Lowell home before you secure funding and finalize the purchase. The current owner continues to maintain the property while you pay rent each month. When you’re ready to go through with a mortgage loan and officially become a homeowner, the paperwork is processed and the sale is finalized. This is a good alternative to the standard home-buying process for anyone in need of extra time to secure a loan with a reasonable interest rate.