Rent to Own Homes in Youngsville
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The area was settled in the early 19th century. Before 1839, one of the settlers, George Roy, laid out the area with his son and named it Royville. However, in 1908 the US Postal Service asked that the name be changed because of confusion with the northern Louisiana town of Rayville. So in that same year, the Village of Youngsville was incorporated. In 1983 it became a town, and it was declared a city in 2006. It remains a rural city, surrounded by sugarcane farms, despite being in the shadow of Lafayette, the fourth largest city in the state.The below results are primarily rent to own homes in Lafayette Parish, LA:
The... Read More
The area was settled in the early 19th century. Before 1839, one of the settlers, George Roy, laid out the area with his son and named it Royville. However, in 1908 the US Postal Service asked that the name be changed because of confusion with the northern Louisiana town of Rayville. So in that same year, the Village of Youngsville was incorporated. In 1983 it became a town, and it was declared a city in 2006. It remains a rural city, surrounded by sugarcane farms, despite being in the shadow of Lafayette, the fourth largest city in the state.The below results are primarily rent to own homes in Lafayette Parish, LA:
In addition to its proximity to Lafayette, Youngsville is just 70 miles from the state capital, Baton Rouge. About 145 miles to the east is the one-of-a-kind city of New Orleans. To the south is Vermillion Bay, and just beyond are the beautiful, tranquil waters of the Gulf of Mexico.
Buying a Home in Youngsville
Current home listings in Youngsville range from $64,000 to $699,000. The median home price is about $210,000, which is about 14 percent above the national average. Overall, the cost of living is just one percent above the national average.
Youngsville is good place for young couples and families; the median age of its residents is 33.8, and about 61 percent of the population is married. Over 85 percent of the residential real estate is owner occupied.
The city is served by the Lafayette Parish School System; in the city itself are Green T. Lindon and Ernest Gallet elementary schools and Youngsville Middle School, which is in downtown Youngsville. Public high school students attend Ovey Comeaux High School in southern Lafayette. Additionally, there are three private schools: Westminster Christian Academy, Youngsville Christian School, and Ascension Episcopal School.
Buying vs. Rent to Own Homes
Youngsville may already sound appealing because of its proximity to both Lafayette and the coast. But getting financing for a home can be a difficult process. As a result, many are opting for rent-to-own options. A part of each month’s rent is counted toward a down payment to eventually buy the home. Renters who may not be able to afford an initial down payment or qualify for financing can still look forward to becoming homeowners.
Summary
Youngsville offers the best of both worlds: a quiet, rural setting, but a stone’s throw from a large, bustling city. Enjoy the shopping, dining, nightlife, recreation, and employment opportunities available in Lafayette, but retire to a quiet home in the country. If you’re considering a move, the mild southern climate and friendly, small-town atmosphere make Youngsville a place worth thinking about.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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