Rent to Own Homes in Thousand Oaks
The below results are primarily rent to own homes in Ventura County, CA:
Thousand Oaks is one of America’s 10 richest cities and a popular Southern California locale. Part of that appeal comes from the city’s location north of Los Angeles, tucked into the Conejo Valley. Most of Thousand Oaks’ desirability, though, comes from its bountiful amenities, carefully protected by Ventura County and Thousand Oaks civic planners. Its schools, including Thousand Oaks High School, are top-rated, and its parks, hiking trails and golf courses are some of California’s best.
Shopping, dining and entertainment are equally attractive in Thousand Oaks, with dozens of restaurants and stores located along East Thousand Oaks Boulevard. The Thousand Oaks Civic Arts Center is also a popular venue, attracting a host of national touring theatrical productions and musical performances. The Oaks and Westlake Promenade are just a few Conejo Valley and Ventura County favorites.
Buying a Home in Thousand Oaks
Nearly three-quarters of all homes in Thousand Oaks are owned by their occupants, and 26.8 percent of them are rented. Of the 139 homes sold in the past month, median prices increased 3.3 percent over last year to $625,000. Most homes in the area are in the $400,000 to $800,000 range, but nearly 12 percent of the homes are more affordable in the $300,000 to $400,000 range. While the city began as a master-planned community in the 1950s, the average home was built in 1976.
Popular Neighborhoods in Thousand Oaks
Good schools, safe streets and plentiful community amenities are the hallmarks of the Eagle Ridge/Bellagio neighborhood. Children living in the neighborhood attend some of the state’s best elementary schools and a nationally ranked high school. The gated community also offers relatively new homes, community parks and a pool and scenic hiking trails. Families, executives and young professionals on the move also like the reputation, safety and nice homes of Westlake Village. A city within a city, Westlake Village is frequently rated as one of the nation’s best cities, offering several townhouse communities like Club View, Triunfo West and Braemar with homes in the $500,000s. Residents also enjoy the Rancho Conejo neighborhood of Thousand Oaks’ Newbury Park area. Rancho Conejo is close to good schools, shopping and jobs, and it has homes in the $500,000-and-above-range.
Buying vs. Rent to Own Homes
Thousand Oaks is a terrific Southern California town for raising a family, but the prices may be intimidating for some. Rent to own homes lessen some of that fear, giving buyers time to live in their homes while building up a proper down payment, improving credit scores and finding favorable mortgages. Rent to own home buyers also gain a price advantage in areas where prices are rising because buyers pay today’s rates even if prices are higher once the purchase is finalized.
Cost of Living in Thousand Oaks
Home prices contribute to a fairly high cost of living in Thousand Oaks, with residents paying about 270 percent more for housing than the national average. Costs of other living essentials, like food, transportation, utilities and health care are closer to average, ranging from 7 to 15 percent higher. Overall, Thousand Oaks residents spend 94 percent more on necessities than Americans in other towns.
Situated just 35 miles from Los Angeles’ downtown, Thousand Oaks is often characterized as a peaceful retreat from the Southern California hustle and bustle. Surrounded by hills and wooded with its namesake trees, neighborhoods here are generally safe, friendly and convenient to shopping and entertainment. Home prices are increasing slightly, but remain a good option for those who work in the Los Angeles area. These elevated home prices, however, contribute to an overall high cost of living in the area, costing locals nearly twice as much on living expenses as the rest of the nation.
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
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.