Rent to Own Homes in New Port Richey
In July 1914,... Read More
In July 1914, a newspaper referred to the northern and southern parts of Port Richey as “old Port Richey” and “new Port Richey,” respectively. A post office was established in “new Port Richey” in 1915 and named New Port Richey. It lies just to the south of the original city of Port Richey.The below results are primarily rent to own homes in Pasco County, FL:
In July 1914,... Read More
In July 1914, a newspaper referred to the northern and southern parts of Port Richey as “old Port Richey” and “new Port Richey,” respectively. A post office was established in “new Port Richey” in 1915 and named New Port Richey. It lies just to the south of the original city of Port Richey.The below results are primarily rent to own homes in Pasco County, FL:
English journalist, poet, dramatist, and novelist George Sims purchased the Port Richey Land Company and built a home there in 1916. The growth of the city followed. Thomas Meighan, a leading star in silent films, built a large home on the river in 1928. The city hoped to become a winter haven for Hollywood stars, but the end of the land boom in the 1920s brought those aspirations to an end.
Buying a Home in New Port Richey
The median home price in New Port Richey is $138,000, although some homes, especially those by the water, can be considerably more. Overall, the cost of housing is 26 percent below the national average and compares well to other seaside towns and cities in Florida. Fifty-six percent of the homes in the city are owner occupied. The average age is 46.6, and 41 percent of the population is married.
Schools in the city are rated anywhere from 1 to 9 (out of 10) by GreatSchools, so families with school-aged children should look carefully at the schools when considering a neighborhood to settle in.
Popular Neighborhoods in New Port Richey
The Perrine Ranch Rd/Overview Dr. neighborhood is in the southwest corner of the city. The real estate is mostly comprised of medium- to large-sized single family homes and apartment complexes. Most of the residential real estate is owner occupied. The neighborhood is established but not old, as many of the homes were built after 1970. A number were built after 2000. It’s been rated as one of the best neighborhoods for families in the state of Florida. The median home price is about $396,000.
Buying vs. Rent to Own Homes
New Port Richey may already be enticing you with its seaside charm and mild weather. But financing a home can be a complicated process, requiring pre-qualification and a down payment. However, many are taking advantage of rent-to-own opportunities, where tenants agree to live in a home for a specified period of time and, after that time expires, they have the option to buy. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s doesn’t require a large outlay of cash, and renters can look forward to becoming proud homeowners.
Summary
New Port Richey enjoys Florida’s famous, year-round sunshine and pleasant weather; the average temperature in January is 60 degrees, and in August – the hottest month – it’s 83. Water activities such as swimming, diving, fishing, and boating are possible virtually year round. Numerous beaches, parks and golf clubs contribute to the outdoor activities. And its proximity to St. Petersburg and Tampa means that big city life – employment, great dining, cultural activities, and nightlife – is just a short distance away. If you are looking to settle in the land of endless summer, New Port Richey should be near the top of the list.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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