2007-02-19 14:26:23 · 5 answers · asked by motherhoodisthebest! 2 in Home & Garden ➔ Other - Home & Garden
If you are planning to root yourself anyway, you are better off buying.
When you rent to own, you are paying less toward the principle amount.
2007-02-19 14:33:09 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are lease to own transactions, but be absolutely sure that your contract is a written one. The contract needs to be very clear about where every cent in rent is going toward, whether the down payment, interest or whatever.
Also, make it clear in the contract that if you make ANY home improvements - these are quantified either by receipts or whatever, and that this money is applied to the purchase price of the house. OH YEA, one other thing, make sure that the house is appraised and the purchase price is dated in the contract BEFORE you start any home improvements.
Sound like I've been burned? Yep, been there, done that.
2007-02-19 22:44:18 · answer #2 · answered by dressage.rider 5 · 1⤊ 0⤋
No, Because rent is always going to be more expensive than a mortgage. And if you miss a payment your screwed.
2007-02-19 22:31:41 · answer #3 · answered by DaDysGrL 1 · 0⤊ 0⤋
renting to own is never a good idea for anything
2007-02-19 22:32:39 · answer #4 · answered by Tyson boy's dad 5 · 0⤊ 0⤋
No not usually. You will pay a lot more money for it.
2007-02-23 20:58:07 · answer #5 · answered by andyt 4 · 0⤊ 0⤋