Rent to Own Homes in Nashville
The below results are primarily rent to own homes in :
Nashville is known as Music City for its connections to the country music industry, but it’s also a large city with employment opportunities in many industries, including publishing, healthcare and banking. The city is the center of the Nashville Metropolitan Area which covers 14 Tennessee counties. Even though this is one of the many landlocked areas of the United States, downtown Nashville does offer water access through the Nashville Riverfront. Residents can go for walks or enjoy a variety of community amusements while spending time on the shores of the Cumberland River.
In addition to the popular Country Music Hall of Fame and Museum, Nashville is home to the Nashville Zoo, Adventure Science Center and Opryland USA. Residents living on the West End have easy access to Centennial Park for outdoor recreation. Ice hockey fans are also quite active in the state, cheering the Nashville Predators to success year after year.
Nashville is a great place to live if you’re a college student or work in the education field. The city is home to the University of Nashville, Vanderbilt University, Tennessee State University and Belmont University. Faith-based universities like Lipscomb University and private schools like Fisk University are located within city limits as well.
Buying a Home in Nashville
Nashville attracts a lot of musicians, so there are festivals and other community events occurring all the time. The downtown area also features many “honky tonks” which are small bars where aspiring musicians are booked to play live all week long. With the nightlife, businesses and shops within walking distance, this area is popular with musicians. The closer you live to downtown, the more your daily life will involve tourists and musicians. Think about your lifestyle and your goals, and then determine whether your ideal home is located close to or far away from the city center.
Popular Neighborhoods in Nashville
You won’t find many single-family homes in downtown Nashville, but neighborhoods like Hillsboro Village offer wider housing availability while preserving the big city lifestyle. There are a lot of students in this area, but families can also find homes suitable for children of all ages. You can get into downtown rather quickly from this neighborhood, but you aren’t in the center of the action.
If you can’t afford the price tags in Hillsboro Village or downtown, consider Germantown. You’ll find single-family homes as well as duplexes and townhouse here, and some of them are easier on the wallet than other areas. You also benefit from the annual Oktoberfest celebration.
For families or singles focused on outdoor recreation, Sylvan Park is a good neighborhood to consider. It’s close to Centennial Park and offers a local community center and green space. You can enjoy a small town vibe here because neighbors tend to get to know one another, and there are many small businesses that thrive due to neighborhood support.
Do you imagine a tree-lined street where your kids can ride bikes on the sidewalks and you can plant flowers in a bed lining the front of your home? Find Belmont Avenue and look for homes in the surrounding community. This area features million-dollar homes as well as those suitable for middle class. You’ll even find some fixer-uppers from time to time. Prices vary, but you get more of a suburban lifestyle here.
Buying vs. Rent to Own Homes
You can save up your down payment and get pre-approved for a standard home loan like many other homeowners, but you don’t have to go that route if it doesn’t fit your current financial position. Rent-to-own homes allow you to start out renting a home with the intention of purchasing the property in the future. The terms vary, but you will rent for a specified number of years or months before the current owner expects you to take the property off of their hands. This is to your advantage because it allows you to live in the home right away while giving you some time to get your deposit together, clear up your credit or take care of other issues that may stop you from securing a low interest on a home loan today.
Cost of Living in Nashville
While the cost of living in Nashville is slightly higher than the Tennessee average cost of living, it’s also a bit lower than the national average. This is a reasonably affordable city where you can find homes for less than $100,000 as well as homes that sell for more than a million dollars. While downtown homes may go for $300,000 and prices in center city stores may seem high, there are some outlying neighborhoods with more affordable prices. Virtually anyone can find a neighborhood here that meets their budget.
Music City attracts a lot of struggling musicians, but it also attracts students and business professionals. If you live in the downtown area, you can enjoy live musical performances every night of the week and live comfortably without a personal vehicle. Families tend to live further away from the city in neighborhoods that offer more community green space and tree-lined streets with larger single-family homes. The cost of living is lower than national averages, so everyone can find a home here without overstretching their budget.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.