Rent to Own Homes in Waterbury
Waterbury is located towards the western half of Connecticut, approximately 30 miles from Hartford and 90 miles from New York City. The Greater Waterbury area was once well known for its thriving brass industry, and you may recognize watches as one of the most famous Waterbury products. For instance, the Waterbury Clock Company saved itself from bankruptcy in 1933 when it released a popular Mickey Mouse watch that sold more than 10,000 pieces in a single day. The below results are primarily rent to own homes in New Haven County, CT:
Middlebury, CT 06762
3 Bedrooms, 1.5 Baths
Beacon Falls, CT 06403
3 Bedrooms, 3.5 Baths
Bristol, CT 06010
7 Bedrooms, 6 Baths
New Britain, CT 06051
7 Bedrooms, 3 Baths
Newtown, CT 06470
4 Bedrooms, 3 Baths
West Haven, CT 06516
6 Bedrooms, 2 Baths
Waterbury, CT 06705
3 Bedrooms, 1 Baths
Waterbury, CT 06705
3 Bedrooms, 1 Baths
Naugatuck, CT 06770
9 Bedrooms, 4 Baths
Waterbury, CT 06710
3 Bedrooms, 1.5 Baths
Watertown, CT 06779
2 Bedrooms, 1 Baths
Waterbury, CT 06704
3 Bedrooms, 3 Baths
Waterbury is located towards the western half of Connecticut, approximately 30 miles from Hartford and 90 miles from New York City. The Greater Waterbury area was once well known for its thriving brass industry, and you may recognize watches as one of the most famous Waterbury products. For instance, the Waterbury Clock Company saved itself from bankruptcy in 1933 when it released a popular Mickey Mouse watch that sold more than 10,000 pieces in a single day.
Today, Waterbury continues to offer jobs in the manufacturing industry, but it's also a hot spot for restaurants, retail stores and other service-oriented businesses. Residents also have the advantage of sending their children high-quality Waterbury Public Schools, educating future workers to ensure that the city continues to thrive. This school system was the first in the nation to require all public school students to wear a standard uniform.
Are you starting to see Waterbury, CT, as an interesting city with a fascinating economy? One other thing that stands out about this place is the fact that there is only one radio station in the area. The 1320 WATR is the Waterbury radio station, and they air nothing but the oldies and talk radio programs. If that leaves you less than thrilled to take up residence, keep in mind that this is a central location that allows you to visit major cities in several states while spending less than two hours on the road. It's also home to beautiful parks, Yale University and the Quassy Amusement Park.
Buying a Home in Waterbury
Allow your desired lifestyle to determine which Waterbury neighborhood you call home. If you enjoy attending live concerts or are into the arts, you may want to buy a home in the downtown area close to the renovated Palace Theater. If you're a student or enjoy the nightlife and cultural events that go along with college life, you may feel right at home in the neighborhoods surrounding Yale University.
For the outdoorsy types, Waterbury features homes with scenic views located near Black Rock State Park and other scenic green spaces. With such a diverse range of activities within a single city, you need to consider more than your budget when determining the location of your future home.
Popular Neighborhoods in Waterbury
One of the most desirable neighborhoods in Waterbury happens to also feature many affordable homes. Bunker Hill typically offers median home prices under $200,000, but the homes are mostly large and occupied by their owners. Due to the pleasant sense of community and the affordable real estate prices, there is often a lot of competition for move-in-ready homes in the area.
If you're looking for a highly walkable neighborhood that is safe and affordable, consider Town Plot. The home prices are often closer to the $100,000 mark, and some of those homes feature beautiful window views of Waterbury. Popular Kennedy High School also falls into this neighborhood.
Buying vs. Rent to Own Homes
When you invest in a rent-to-own home, you give yourself the freedom to relax into your new house before paying the down payment and securing your mortgage loan. While the exact terms of the contract will vary from one owner to another and even from one property to another, there are some clear distinctions from the standard home-buying process.
Your rent-to-own contract will designate a period of time as the rental phase. You will move into the property, but the owner will remain in control of the property until you secure a mortgage loan or pay for the house in cash. While you rent, a portion of your monthly fee may go towards your future down payment. The owner of the property may also take responsibility for repairs while you're in the rental phase, but eventually, the goal is to become a homeowner and assume all responsibility and control. While this buying process is longer than the traditional path to home ownership, you may find it the less stressful option.
Cost of Living in Waterbury
Even though housing prices in Waterbury are approximately 40 percent lower than the national average, the overall cost of living is about equal to the national average. While you may pay less for a house in this city than you would elsewhere in the country, the costs of utilities, transportation and healthcare are often 20 percent higher than national averages. This is still a great place to buy a home if you're shopping on a limited budget.
Previously known for its thriving brass manufacturing industry, Waterbury is now a diverse city with a respectable restaurant industry. There are also some big retail stores moving into the area, and residents interested in traveling to New York City and other surrounding cities are taking advantage of the low real estate prices in some of the city's most desirable neighborhoods. If you enjoy amusement parks and spending time outdoors, you may find that your ideal home is right here in Waterbury.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area: