Is a rent to own home usually costlier than just renting or buying?

Is a rent to own home usually costlier than just renting or buying?
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1 Answer

Answer :

Renting to own items, or even a home, make a huge profit for the renting conpany. This means that you are paying far more for them than if you purchased them outright.
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my husband and I just got married and are tired of renting. We would rather spend the money on buying a home but can't get a loan. We ARE first time home buyers and I am trying to establish credit and his is not that good. Please help!!?

Description : my husband and I just got married and are tired of renting. We would rather spend the money on buying a home but can't get a loan. We ARE first time home buyers and I am trying to establish credit and his is not that good. Please help!!?

Last Answer : Since the recent changes in the mortgage industry a lot of subprime lenders have gone out of business, but there is still hope for you. If you find a house you love you can talk to the owner and see ... like that.inform me if there is an easier way to buy a house without credit, being such an option

What are the pros of renting apartments rather than buying a home?

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Last Answer : One of the biggest pros of renting would have to be that you are not responsible for the cost of maintenance on the property. Additionally, the required deposits are much smaller on rentals than the deposit to purchase a home.

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Last Answer : Renters don't own anything as a result of their payments, while homeowners do

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Last Answer : I think landlords do it because they can. I always tried to negotiate a higher security deposit so that they would be covered in case my animals did any damage. That seems to me much more fair than charging extra monthly rent.

Should a traveler renting a car get insurance when they rent?

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In Michigan if your renting a room from someone and paying them rent can they legally kick you out in the streets?

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Last Answer : Generally, the rentee has the right to be notified of evictionbefore being removed from the property.However, under certain, limited circumstances, usually involvingperson-felonies, the rentee can be removed immediately.

How can I qualify for renting out section 8 houses for rent as an owner?

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Last Answer : You can qualify for renting out section 8 houses for rent as an owner by following these instructions on www.usrentallistings.com/section-8.asp. Another site is www.hud.gov/faqs/faqrenting.cfm ... the necessary paperwork to put your house up for section 8. Each states requirements are different.

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Last Answer : The cost and comparison between renting and buying a small chocolate fountain is about the same, to rent a small fountain can be $30 plus the cost of the chocolate packs, and to buy a small fountain can range from $45-$70

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I usually rent a pressure sprayer to clean the outside of my house, but I adds up. Does it make more sense just to buy one?

Description : I usually rent a pressure sprayer to clean the outside of my house, but I adds up. Does it make more sense just to buy one?

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Is home renting more affordable than renting an apartment?

Description : Is home renting more affordable than renting an apartment?

Last Answer : No, renting an apartment is cheaper. If you rent a home, you still have to pay taxes on the property, as well as full sewer, electric and all ammenities.

Can you tell me what renting a home is like in the U.S.A?

Description : Can you tell me what renting a home is like in the U.S.A?

Last Answer : answer:It depends on the state, and the city, and the landlord, but in my area (Hillsborough County, Florida), move in costs can be: 2 months' rent (first and last month) Security deposit ... repairs and started fixing things anyway. Not like we're getting a deposit back from that shyster.

Is home renting better in any way when compared to renting an apartment?

Description : Is home renting better in any way when compared to renting an apartment?

Last Answer : Home renting is better financially only when you are renting to own. Other than that, simple advantages could include privacy from neighbors and more space.

i want to know the criteria for renting a hud home in boise idaho?

Description : i want to know the criteria for renting a hud home in boise idaho?

Last Answer : Here is the web page for Idaho HUD http://www.hud.gov/local/index.cfm?state=id&topic=offices good luck!

I want to know the criteria for renting a HUD home the N.Y.C. area.?

Description : I want to know the criteria for renting a HUD home the N.Y.C. area.?

Last Answer : You should start by researching this website about HUD in NYC http://www.hud.gov/local/index.cfm?state=ny&topic=renting

What are the pros and cons of renting a home?

Description : What are the pros and cons of renting a home?

Last Answer : The pros of renting a home, is that you are not tied down to that one residence. The cons of renting a home, is that you'll never own that residence.

Is there an age requirement for renting Home Depot truck?

Description : Is there an age requirement for renting Home Depot truck?

Last Answer : Home Depot does offer rental trucks, however, they aren't moving trucks. You can rent a truck from Home Depot as long as you have a drivers license and insurance. For a moving truck try Uhaul or Penske.

How much does renting a Home Depot truck cost?

Description : How much does renting a Home Depot truck cost?

Last Answer : The cost to rent a Home Depot truck will highly depend on several factors such as your location, how far you are traveling, and the gas prices in your area. You best option is to shoop around.

Reasons to Rent an RV Instead of Buying ?

Description : Reasons to Rent an RV Instead of Buying ?

Last Answer : RV vacations can be a lot of fun, but before you considering buying an RV, look into the costs involved. There are many reasons why you should rent an RV instead of buying one. RV rentals will ... a RV vacation without having to pay for all of the costs involved with driving, like gas and tolls.

Can someone walk me through the process of a rent to own home?

Description : Can someone walk me through the process of a rent to own home?

Last Answer : answer:Have an attorney look over your contract—best advice I can give you. Questions include but are not limited to all terms, payments, effective interest rate, rent to purchase price ratio, liability, insurance, taxes, repairs.

Is getting a rent-to-own home a good idea?

Description : Is getting a rent-to-own home a good idea?

Last Answer : It is a good idea if your credit is weak and you would be unable to get a conventional mortgage to purchase a home. The plus side of rent to own is that it will allow you to build credit and equity and a part of your rent money goes towards the down paymen.

Where can I find good rent to own home in boston?

Description : Where can I find good rent to own home in boston?

Last Answer : one place to look is www.irenttoown.com/rent-to-own-Boston-rent-to-own-homes

Where can I find a good rent to own home?

Description : Where can I find a good rent to own home?

Last Answer : It is good to start with local newspaper for rent to own homes. Also, try out http://www.Craigslist.com for a list of rent to own homes in your city/neighbourhood.

How does a rent to own home contract work?

Description : How does a rent to own home contract work?

Last Answer : In general, you will sign a lease for a certain amount of time. A specific amount per month will be set aside into an account by the owner for use as a downpayment on the property when you are ready to purchase.

Are all senior apartments for rent usually expensive in Ohio?

Description : Are all senior apartments for rent usually expensive in Ohio?

Last Answer : Have you looked at Northwesterly Assisted Living Community? They are a family-owned and operated facility near Lake Erie. They offer monthly rentals and includes a wide variety of services, such as a furnished apartment, regular meals and a variety of entertainment and activity options.