Rent to Own Homes in Westminster
In addition to enjoying those restaurants and shopping in affordable markets, residents have access to Westminster Mall and some family-friendly entertainment venues like Sky Zone. The city also boasts a reasonably active nightlife with some friendly bars and pubs scattered throughout town. Most residents find work with small businesses within town, though others may seek jobs from larger companies located in surrounding cities. Administrative support and office work positions are common here, and many residents find work in the production and transportation industries.
The perk to living in Westminster is the short drive to multiple beaches on the California shoreline. This is an ideal place to look for a home if you want to live in a quiet neighborhood while remaining close to the water and a variety of tourist attractions.
Buying a Home in Westminster?
The median listing and sales prices in Westminster typically hover around $600,000. There are some properties that can command close to $1 million while others sell for significantly less than the median, which allows buyers with any reasonable budget to find a home in some area of the city. You can expect to pay at least $300 per square foot with prices in the most desirable neighborhoods going significantly higher.
Do you have young children in the family? Most of the public schools in Westminster receive high ratings from parents, so you can focus on selecting a home based on your lifestyle and location requirements. It isn't difficult to locate family-friendly neighborhoods that will place your children in high-quality schools, especially if you work with a knowledgeable real estate agent.
Popular Neighborhoods in Westminster?
Some of the most popular Westminster neighborhoods are located toward the south-central region of the city. Smeltzer is located south of West McFadden Avenue and north of Edlinger Avenue with Magnolia Street serving as the eastern border. This small community features median real estate prices around $600,000 and places children in some of the best public schools. The small neighborhood directly south of Smeltzer features a slightly higher real estate range but is equally as popular. For more affordable housing without sacrificing a low crime rate, look to the Midway City neighborhood. Buying vs. Rent to Own Homes
If you see a rent-to-own home in Westminster, consider it your opportunity to own a home without applying for financing right away. This type of home-buying contract allows you to start out as a renter and then purchase the property at a later date. You will have a date by which you must finalize the sale, but other buyers are prevented from making offers on the property during your contract. You can use the rental period to save up a more substantial down payment or to take other actions that may qualify you for a lower interest rate in the future.