Buying A Home
smbenevides1989
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Rent to Own homes?
Has anyone done this? My husband thinks it might be a good idea to start off with renting a home to see if this would be a good move for our family. Any imput would be great.
Re: Rent to Own homes?
Rent-To-Own situations are typically done directly through the sellers and so, as such, the contracts can vary widely, widely, widely. I personally have never done this but have heard that these situations are almost always a worse situation than just buying a house through a bank loan. I think they usually involve paying a higher than normal rental rate with some of the rent going toward the down payment. It often still requires the renter to get a traditional loan with a bank within some period of time (like 1-3 years). Oh, but something goes wrong and the renter ends up not buying the house? Forget any "down payment" already made. Again, results may vary, but that is often the deal.
If you and your husband simply want to see if having a *house* would be a good fit for your family, perhaps you could look into a rental house with a normal lease? Maybe he's talking about how much extra work it is between having a house vs having an apartment? My husband and I are going from an apt to a house, and while we've never had a house together, we've both lived in them so are aware of the extra stuff (e.g., lawn care, snow removal, dealing with trash cans, increased utility bills, etc). Sometimes these can catch people off guard when they move into a home.