Rent to Own Homes in Richmond Hill
In the 1930s, industrialist Henry Ford chose Ways Station as a winter home, and he eventually owned 85,000 acres of agricultural and timber land. He helped to build a number of public buildings in the area, and, declining the offer to rename the town “Ford,” it was renamed Richmond Hill after the site of Ford’s home on the Ogeechee River.The below results are primarily rent to own homes in Bryan County, GA:
In the 1930s, industrialist Henry Ford chose Ways Station as a winter home, and he eventually owned 85,000 acres of agricultural and timber land. He helped to build a number of public buildings in the area, and, declining the offer to rename the town “Ford,” it was renamed Richmond Hill after the site of Ford’s home on the Ogeechee River.The below results are primarily rent to own homes in Bryan County, GA:
Part of the Savannah Metropolitan Statistical Area, the city of Richmond Hill is home to about 12,000 people. The Ogeechee River forms part of the northern boundary, and it is located less than 20 miles from both the Atlantic coast and downtown Savannah. Macon is about 170 miles to the east, and Charleston, South Carolina is 120 miles to the north.
Buying a Home in Richmond Hill
The median home price in Richmond Hill is $232,600, although recent listings show homes from $147,000 $550,600. Subdivisions range from those with starter homes to those that are expensive gated communities with golf clubs. Owners and renters are split about fifty-fifty. The median age is about 32, and 58 percent of the population is married, making it a good place for young couples and families.
Richmond Hill is served by the Bryan County School District, which is comprised of five public schools. More schools are planned, as the city is currently growing at a rapid pace. It’s noteworthy that two elementary schools, the middle school and high school are all rated 9 out of 10 by GreatSchools. Still, families with school-aged children should check out the schools when shopping for a neighborhood.
Popular Neighborhoods in Richmond Hill
The small coastal city is made up of four constituent neighborhoods. The area designated “City Center” is geographically the largest. The residential real estate here is primarily medium- to large-sized single-family homes and mobile homes. Most of it is owner occupied, and many homes have been built since 1970. The median home price is about $298,000. A high concentration of married couples live in this neighborhood, so it’s a good place for families.
To the north and west is the Rabbit Hill neighborhood, where the Ogeechee River forms the northern boundary. The real estate is quite similar to that in the City Center, with a higher number of townhomes and fewer mobile homes. The median home price is about $296,000. It’s a good area for executives, families with school-aged children, and urban sophisticates.
Buying vs. Rent to Own Homes
Richmond Hill may already sound appealing because of its proximity to both Savannah and the coast. But getting financing for a home can be a complicated process. As a result, many are taking advantage of rent-to-own options. A part of each month’s rent is put toward a down payment to eventually buy the home. Renters who may not be able to afford the initial down payment can still look forward to becoming proud homeowners.
Summary
Richmond Hill enjoys a mild winters and hot summers. It is close to both Savannah and the Atlantic coast, which means that outdoor activities and the amenities of the big city are never too far away. Safe, family-friendly neighborhoods and good schools complete the picture to make Richmond Hill well worth considering as a place to settle and put down roots.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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