What To Look For When Renting To Own A Home In Orlando Florida | Written by Eugene Hoffman

What To Look For When Renting To Own A Home In Orlando Florida

Eugene sells rent to own homes in Orlando… We understand that finding genuine rent to own homes in Orlando can be very difficult. Tips, tricks, and advice

Renting to own a home in Orlando or any city for that matter, isn’t a new concept… but the whole process of “renting to own a house” is a process that most people have questions about.

Well, you’re in the right place!

This article will walk you through what to look for if you’re looking for Orlando rent to own houses.

1. Find The House You Want To Live In Long-Term… Not Just Rent

A lot of people who are deciding whether they should just rent or “rent to own” look at the whole rent to own / lease with option process in the wrong way. Don’t look at it like you’re looking for a house to rent for a little bit.  Of course, you should find a house that is one you’d love to live in for a longer period of time (no less than 5 years).

Why?

Because with rental houses, you know it’s a temporary thing… so you’ll settle for a house that is less than ideal.

But since you’re really looking to get a house to live in for years and years with a rent to own… it should be one that you can see your family in for years.

Yes, you’re renting a “rent to own” house… but you should choose a house you’d be glad to live in for years just in case you do exercise the purchase option at the end of the lease term.

2. Terms That Fit Your Goals And Needs as An Orlando Home Seeker

Not all rent to own houses in Orlando have the same contract that goes with them. So make sure to find out the terms of the rental agreement and the terms of the purchase option as well.  Usually, the monthly rent tends to be a bit higher with a rent to own agreement vs. a normal rental agreement… because you’re basically paying a premium for the ability to potentially purchase that house at a pre-determined price in the future. There’s a lot of value in that.

But with rent to own agreements you should also have some flexibility that protects you. Make sure there are no fees for not exercising the purchase option at the end of the agreement.

Also, clarify with the owner of the house on who will pay for things during the rental term like…

• Maintenance
• Lawn care
• Insurance
• Repairs
• Upgrades inside the house (new appliances, paint, etc.)

Get it all in writing who’s in charge of these kinds of things during the rental term.

We are dedicated to helping working families or singles with a fair and trustworthy path to homeownership through this incredible rent to own program. The Financial crisis has created many reasons households in Orlando cannot obtain a mortgage, despite the fact they have a stable source of income and the ability to pay. These potential home buyers are forced to rent and unfortunately cannot purchase a home even at current depressed housing prices.

3. Free info and continue to read. Click for...