Even when you are just moving a short distance, the experience can be hard to handle. But moving your family to a new city or even a new state is one of life’s top stressful situations, and can be very hard on you and your family, especially if the area is completely new to you.
Probably the toughest thing to decide when relocating to a new area is what neighborhood is right for your family. It has become fairly simple to find school data and home values for a neighborhood, but there are other factors that come into play as well, such as local merchants and restaurants and nearby open spaces.
Many people who relocate to a new city or state, such as Jesse Singh who is an executive at HOV Services, are choosing to rent a home before buying. Jesse and his family have had to relocate three times in the past five years, and he hopes their most recent move to Denver will be for keeps.
Jesse, who is starting a new division of HOV Services with his wife in Denver didn’t want to be in a situation where they couldnt sell if they had to move again soon. Additionally, since they had only really seen the airport, hotels and office space in Denver, they didnt feel familiar enough with the area to commit to a home purchase. My company, Denver Rent a Home, which is staffed with Colorado natives familiar with the area, was able to provide them with a home under a Lease with an option to buy, which is ideal in their situation; they can take time to get a feel for the area without having the financial burden of a mortgage should they chose to move within the city or relocate again.
Another client of Denver Rent a Home who moved to Denver from Scottsdale, AZ for a business opportunity chose to rent instead of buying a home because they were having trouble selling their home in Scottsdale and didnt want to be burdened with two mortgages. The couple has rented their home in Scottsdale and is now leasing a property in Denver, which was a great option for them. An additional consideration to this decision was that they wanted to get to know the area and the schools their two young girls would be attending before committing to a home purchase in Denver.
Lease with purchase options are increasingly popular with my clients, especially those moving from another city or state. It feels so good to be able to find great properties for families so they can integrate into a community quickly without the relocation risks folks have had to bear in the past.
If you are relocating and want to try the lease with option to buy route, find a great local agent who knows the area well and is committed to finding the right rent to own properties. This will save you tons of time and heartache as they will be able to do all the research and find the best home in an area that will work for you the first time.