Relocating? Consider Rent to Own
Even when you are just moving a short distance, the experience can be hard to handle. But moving your family to a new city or even a new state is one of life’s top stressful situations, and can be very hard on you and your family, especially if the area is completely new to you.
One of the most difficult, but important decisions a home buyer makes when moving to a new area is selecting which neighborhood to live in. School system and average home price data is easy to find out, but what about the less tangible factors like walking distance to great restaurants and the quality of nearby public parks?
Many people who relocate to a new city or state, such as Jesse Singh who is an executive at HOV Services, are choosing to rent a home before buying. Jesse and his family have had to relocate three times in the past five years, and he hopes their most recent move to Denver will be for keeps.
Jesse, who is starting a new division of HOV Services with his wife in Denver didn’t want to be in a situation where they couldnt sell if they had to move again soon. Additionally, since they had only really seen the airport, hotels and office space in Denver, they didnt feel familiar enough with the area to commit to a home purchase. My company, Denver Rent a Home, which is staffed with Colorado natives familiar with the area, was able to provide them with a home under a Lease with an option to buy, which is ideal in their situation; they can take time to get a feel for the area without having the financial burden of a mortgage should they chose to move within the city or relocate again.
Another client of Denver Rent a Home who moved to Denver from Scottsdale, AZ for a business opportunity chose to rent instead of buying a home because they were having trouble selling their home in Scottsdale and didnt want to be burdened with two mortgages. The couple has rented their home in Scottsdale and is now leasing a property in Denver, which was a great option for them. An additional consideration to this decision was that they wanted to get to know the area and the schools their two young girls would be attending before committing to a home purchase in Denver.
Rent to own situations are becoming much more popular among my clients, especially those relocating from anther area of the country. It feels great to be able to offer a creative and new choice to my clients, to set them up in a lovely home and get them started right in the community without all the burdens those relocating have had to deal with in the past.
If you think a lease with option to buy might work for you, make sure to find a local representative who knows the area well and is able to find great properties willing to negotiate under the lease option scenario. That local representative will save you endless amounts of time and money you would otherwise spend on the phone and online researching, as well as help minimize the risk of having to move again to find an appropriate home.
