Rent to Own Homes in North Charleston
The below results are primarily rent to own homes in Charleston County, SC:
North Charleston is located less than 10 miles north of Charleston on the South Carolina coast. The Charleston Naval Base is located in the southeastern corner of the city, and the Ashley River runs along the southwestern edge of town. The North Charleston Performing Arts Center is located toward the center of town, just south of the Charleston International Airport. Other noteworthy features of the city include the Charleston Naval Shipyard, Charleston Air Force Base and the North Charleston Coliseum.
There are many family-friendly entertainment venues located throughout North Charleston. This includes the Whirlin’ Waters Adventure Park and Frankie’s Fun Park. You can catch a live show at the Coliseum & Performing Arts Center or spend a late night sipping beer at some of the city’s top pubs. For outdoor recreation, Riverfront Park has a beautiful river bank that is perfect for walking.
Buying a Home in North Charleston
While the median listing price for homes in North Charleston is close to $200,000, the median sales price is much closer to $150,000. It’s not difficult to find affordable homes if you’re shopping on a tight budget, but you will have to choose your neighborhood wisely. Think about what areas of town you will frequent most often because North Charleston is a car-dependent town. A small fraction of the population uses public transportation, but you’re likely to depend mainly on your own vehicle to get around town or to commute for work.
Popular Neighborhoods in North Charleston
One of the most popular neighborhoods in North Charleston is a gated community named The Park at River’s Edge. Residents have access to an on-site swimming pool and clubhouse, and you get the exclusivity of living in a more secluded neighborhood. Hidden River on the Ashley is a similar community that also offers private amenities and upscale living environments.
If you’re searching for lower-priced homes and can do without the amenities, look to the Colony North neighborhood. You can commute to Charleston and other surrounding cities easily from this location, and home prices start under $200,000.
Buying vs. Rent to Own Homes
Have you seen “rent to own” signs on lawns throughout North Charleston? This is a unique home-buying option that might give you some extra time to secure a mortgage loan with the best possible interest rate. Rather than going straight to your bank or another lender for a letter of pre-approval, you start by finding a rent-to-own home in North Charleston that meets your needs. You will start out as a renter, and the current homeowner may even cover the expense of property upkeep during this initial phase of the deal.
When you’re ready to become a homeowner, you secure funding and finalize the purchase of your home. While you’re in the rental period, you don’t have to worry about other buyers making offers on the property. As long as you make the purchase within the time specified in your rent-to-own agreement, you will end up the true owner of the property.
Cost of Living in North Charleston
Due to a housing market that often features prices 20-30 percent lower than the national average, North Charleston is one of the more affordable cities in the United States. While transportation is often more affordable than the national average, you can expect to pay slightly more than average for most foods, goods and services. This all balances out to an overall cost of living that is just under the national average most of the time.
You may find North Charleston an attractive option for housing because it’s a short drive from the larger city of Charleston and offers an affordable cost of living. The housing market often offers prices significantly lower than the national average, so you can live comfortably here even on a limited budget. The city is home to multiple military bases, and residents have access to upscale gated communities with on-property swimming pools and other amenities. If you’re looking for an affordable place to raise a family, North Charleston may fit your needs.
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
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.