Rent to Own Homes in Smyrna

Local services for residents are abundant. Getting around town is made easy with Interstate 285, South Cobb Drive/State Route 280 and Cobb Parkway/Route 41. There are public schools like the new Smyrna Elementary and many private schools. Parks and trails like the Silver Comet Trail are also plentiful.

Buying a Home in Smyrna

Smyrna’s real estate market offers a good mix of housing options. About 55 percent of local houses are single family homes and about 45 percent are condos and townhouses. While the median closing cost of a home here is $282,000, the median asking price is higher at $362,000. About 675 homes are on the market at any given time, and another 150 homes are available to rent in the area. Throughout the region, condos and townhouses tend to be less expensive per square foot than single family homes.

Buying vs. Rent to Own Homes

With Smyrna’s relatively high home prices and wide availability of rental homes, renting to own a home makes sense. Unlike a conventional purchase, renting to own helps buyers avoid many of the immediate stresses of a home purchase. Credit and financial requirements are often more lenient so buyers may not need to worry about having a perfect credit score at the outset. Rent-to-owners can move into their homes right away, and they make monthly progress toward ownership. At the end of the rental contract, the buyer finds a mortgage and finalizes the sale.

Summary

Called the “Jonquil City,” Smyrna is a picturesque suburb northwest of Atlanta. Its convenient location near the Cumberland-Galleria employment area makes the city attractive to locals of all ages. Smyrna also offers a wide variety of community amenities to keep the city vibrant and fresh. Annual festivals, recreational trails, welcoming neighborhoods and ample services keep residents engaged. The city is so appealing that it has been named one of Georgia’s best cities for young adults and the best suburb to live in Cobb County.