Rent to Own Homes in McDonough
The town was closely connected to the railway and a relay station on the stagecoach lines that ran from New York to New Orleans. It originally developed through its connection to the cotton industry, and a large painting by artist Jean Charlot in the Henry County Courthouse Annex, "Cotton Gin," commemorates the city's background in cotton processing.The below results are primarily rent to own homes in Henry County, GA:
The town was closely connected to the railway and a relay station on the stagecoach lines that ran from New York to New Orleans. It originally developed through its connection to the cotton industry, and a large painting by artist Jean Charlot in the Henry County Courthouse Annex, "Cotton Gin," commemorates the city's background in cotton processing.The below results are primarily rent to own homes in Henry County, GA:
The town measures around 12.9 square miles, and is connected to several major highways, including Interstate 75 and U.S. Highway 23. Each year, it hosts a Geranium Festival with craft markets, live music and locally grown flowers.
Schools in the city are operated by the Henry County School District; this district includes 28 elementary schools, nine middle schools and ten high schools. Among the high schools in McDonough is the Academy for Advanced Studies, which offers joint programs with Gordon State College.
Buying a Home in McDonough?
With a historic downtown, easy connections to Atlanta and a range of family-friendly neighborhoods, you may want to make McDonough your next home. In the city, the median value of a home is $162,100, while the median price of a home listed for sale in McDonough is $209,900. Home values have risen consistently in the city since 2012 and are expected to continue to rise in the coming period. A range of homes are available in the city, with older and ranch-style homes available around $150,000, while new construction homes are priced at $250,000 and up.
Popular Neighborhoods in McDonough?
The Ola school area in McDonough is very popular for a growing number of young families, and it has affordable homes as well as well-regarded schools. The neighborhoods and subdivisions are family-friendly, with lawn space and room to play, with a close-knit feel. The Lake Dow subdivision in the area features easy access to a golf course, lakes, playgrounds and easy areas for biking, walking and other outdoor recreation. The neighborhood is also close to a range of restaurants and shops.
Buying vs. Rent to Own Homes?
When you begin your journey to homeownership, you will need to make a down payment and take out a mortgage or home loan. In order to get the most favorable mortgage rates, it's important to have good credit and a solid down payment. While you may be certain you're ready to make your home in McDonough, you may need some more time to sort out the financials. If this reflects your situation, a rent to own home can be a good option for you and your family. With this home purchase type, you'll choose your home, negotiate a purchase price and move in; however, you'll rent the home for a fixed period while preparing for your purchase. With a rent to own home, you can get started now with your permanent home.
Cost of Living in McDonough?
McDonough is an affordable community, where the overall cost of living is around three percentage points less than the national average. Housing is a big driver of savings in the city, as housing costs in McDonough are, on average, 17 percent below national costs. Utilities is another savings area in the city. However, groceries, goods and services and health care all average a few points above the national average for those expenses.
With family-friendly neighborhoods and a bustling, quaint town square, McDonough offers a small-town feel with an easy commute to downtown Atlanta or the Atlanta Hartsfeld International Airport. It offers easy access to major highways, many well-regarded educational options, and an array of neighborhoods with expansive outdoor options that make the most of the temperate, warm climate.
Summary
With family-friendly neighborhoods and a bustling, quaint town square, McDonough offers a small-town feel with an easy commute to downtown Atlanta or the Atlanta Hartsfeld International Airport. It offers easy access to major highways, many well-regarded educational options, and an array of neighborhoods with expansive outdoor options that make the most of the temperate, warm climate.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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