Rent to Own Homes in Waterbury
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.