Starting a family the right way isn'talways easy. First, you have to find a suitable partner. You have to have at least one steady income. You can't do this without any money. Then, you have to find a home.
The last thing seems to be the hardest for some. You can’t easily make a decision when you have a limited budget. So, you are forced to make a choice. It's not something that is to your taste exactly. But it's a start.
What are your options?
If you want to start a new life for you and your loved ones, you have 2 options. You can either rent a place or buy an apartment or a house. The second one is mission impossible for some people. Almost nobody has that amount of cash ready.
So, the most ideal solution for you is to just find a place to rent. This cost way less than getting a brand new apartment. It's the perfect solution for the time being. Also, the best thing about this is that some homes can be bought on a rent to own method. You can read about it here.
What is rent to own precisely?
This is an excellent way for you to own the place you already pay for. It works out really simple. You pay rent every month. You will have to discuss the monthly payment with your landlord. In most cases, you have to sign a lease term.
With these RTO homes, you have the option to buy the place before your lease term expires. All the money you have paid for rent basically just adds up towards the overall costs of purchasing the property. You will be happy to know that these places cost less than your average house on the market.
So, it’s a real relief for people that already have a limited budget. You can’t really rush into this decision. You have lots of time to consider your options. Until your lease expires, you have all the time in the world.
Is there a catch?
When something sounds too good to be true, you know there’s a catch. The thing with these RTO homes is that they are hard to find. Only 5% of the properties are like these. So, you will have a hard time finding them.
Lots of people rush in making decisions. But buying a home shouldn’t be like that. You are investing a lot of money into this. So, you have to be comfortable there. You can’t buy a one-bedroom home when you have 3 kids. That’s just impractical. Everyone has to have their own space.
Also, you have to check the building outside. Make sure that there won’t be any unexpected repair costs in the near future. Check the roof first. Make sure it doesn’t leak. However, some houses may need a bit of work. Don’t be afraid of that.
Last but not least, are your surroundings. Is your property in a good neighborhood? Are there any good schools nearby? What about parks? You have to consider these things as well before you make a final decision.
Where can you find RTO properties for sure?
A lot of people are put off by the idea of living in a small town. But this has more advantages than you think. Everything is near. So, you won't have to spend as much on fuel and travel costs. Also, you will surely find some rent to own houses. You should learn about the pros and cons of RTO properties.
The thing with small towns is that the sellers understand the situation better. You will be able to negotiate better with these folks. They just want to sell fast. So, you could consider starting a family in a safe small town.
How to find them?
You can do this whole thing in an old-fashioned way. You can ask around. Talk with your friends and family. Maybe they know someone. If they hear something about these types of properties, they'll undoubtedly tell you.
Another option is for you to look at newspaper listings. The truth is this may be the first time in a while that you’ve bought a newspaper. But it might be an answer to your problem. You have to try every option.
If you have tried everything above, the last thing you can do is try websites. However, be careful. You can encounter a lot of scams. So, don’t take anything for granted. You have to do your own research before investing your savings.