Like a car lease, rent-to-own housing allows a seller to give rights to the tenant to buy his/her house in the future, usually one to three years after, depending on the agreement. Instead of renting a condo unit or apartment for some years, start investing for a house through “rent to own” policy. Here are some reasons to convince you.
Renting to own a house or any property can give you not only a lot of perks but also perils at the same time. Do not be too impulsive in diving into this kind of transaction as it is more delicate than what you think. Before anything else, talk to a bank about financing before signing any papers of ownership or any Commitment.
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