Finding the rent to own home and rent to own companies is not an easy thing to do. One has to move from company to company and test the reliability of these real estate companies offering the rent to own home programs before finally signing the contract for the rent to own home.
The basic process of rent to own home program starts with finding a reliable real estate company that offers rent to own home program. You can get the services of their real estate agents or find on your own a home that you can buy under rent to own home program. People need to decide the rent, purchase price, home maintenance charges, and a lot more things before becoming the party in the rent to own home contract.
If you have signed the contract for rent to own homes in GA, then you need to consider the following things:
Home Inspection
inspecting the home is very important. Especially, if the home that you intend to buy is not newly constructed, then it is crucial to get that property inspected thoroughly. Many real estate companies in Georgia offering rent to own homes include home inspection services in their rent to own home program. They invest money so, they need confirmation if they are investing money at the right property. Even if your real estate company does not pay for the inspection of the property that is to be bought, you should get it inspected.
In the end, you are going to be the owner of the home. Pay attention to the home foundations and roofing. Rains and water percolations affect the foundations and roofing of the properties. However, people targeting to buy newly-constructed homes under rent to own home program remain safe.
Home Renovation
Whether you buy a home, rent it, or live in it by signing the rent to own program, homes need renovation when you move in it. When you are done with the home inspection, the next phase is home renovation. If you have family, you will need more alterations. People having kids and pets with them need to change more things. Even if you find the home perfectly fine, your choice of the colours of wall paint and lighting style would probably be different.
So, there can be many things that you would like to be your way. It is better to get such things done before you finally move into the home.
Background Check
A property background check is different from a home inspection. You should not confuse the two. It is your right to delve into the details regarding the home that you are buying through the rent to own home program. You should ask for details and documents from the current homeowner for the previous sale and purchase of the home (if any). Many homes in Georgia have been sold and purchase more than once.
you will probably think, that why do you need to check the background of the property. Well, properties can be disputed. And people selling you the home can be a fraud. The homeowner probably has some criminal background. Just like this, there can be many other scenarios. For the sake of your own business benefit, you need to check the background of the property where you are going to invest your money.
Home Security System Check
It is the time when everyone needs security. Even if you are a common man, you need to protect your privacy and property. Advanced technology has brought many gifts for the man in the form of security gadgets and tools. In Georgia, not all homes are modern. There are homes that were constructed years ago.
If you are buying a home that was constructed many years ago, you need to check if there is an installed automated home security system. In case, there is no home security system, you should install one. You can also ask the real estate company that offers you the rent to own home program if they can pay for installing the home security tools. If you have kids and pets in your family, then the importance of a home security system is more. Install a home security system before you move into your home.
Smoke Detectors and Fire Alarms Test
Another important thing that you need to test before you finally move into your home, is the smoke and fire detecting devices. Builders and architects make sure they install these devices when they build homes. But again, if you are going to invest money in an old home, then it is your responsibility to test the fire alarms and smoke detectors.
People having their families have a bigger responsibility to test such things beforehand. Mishaps and bad experiences never knock on the door before they cause harm. Ask the existing homeowner to show you the fire alarms and smoke detectors if they are in working order.
Locks Replacement
Once you have decided that you need a rent to own home program, and you have found the company with which you are going to sign the rent to own contract, you should also change the locks. For this, you can either ask your rent to own company to pay for changing the locks because it is very important for your home security. You can also ask your rent to own company to replace the locks of the home. If their rent to own program does not cover the replacement of the lock, then you should do it on your own before moving into the home.
These were all essentials regarding moving into the home that you got under rent to own program in Georgia. If you are looking for a reliable company that offers rent to own property, you can trust Dream America. They have expert realtors to help you find the home. They give you a specified budget to purchase that home and let you live there as a tenant. When the deadline mentioned in the contract comes, you can pay the remaining purchase price of the home and move into the home.
