If you are looking for a house to rent Chipping Sodbury, chances are, you do not have your own home. While having a home provides a sense of a personal achievement, the truth is, not all of us can afford a home. That is why some of us become renters while saving for our future dream home. However, this should not be the case as you can hit two birds in one stone with rent to own scheme.
Rent to own is a rent option where you can lease the place with your choice to buy the house within a few years. Comparatively, the rental fee in this setup is doubled than the usual rental. This is because a portion of the fee is saved for the future down payments. Below are few of the benefits you can enjoy as a renter in a rent to own option:
- You can still build your income and clear your bad credit score in this setup. Resellers do not usually care if buyers have bad credit scores and are not strict when it comes to requirements. The buyers just need to prove they are capable of paying the rental fee.
- With respect to the agreement, you can walk away if you find something wrong with the house. You can lose the option fee though as well as the equity. However, this proves to be a smart choice rather than buying the house and repairing it in the future.
- You have the control over the house which means you can personalize your house according to your preference unlike in a normal rent where the landlord may restrict your customization.
These are just few of the benefits of a rent to own options. The best thing about this option is that you aren’t the homeowner of the property yet which means that the landlady will still need to pay tax. Rent to own option also gives you a glimpse to having a house and whether you are prepared for it.