The Pros and Cons of Rent to Own Homes

Rent to own homes aren't for everyone, but they're perfect for some. If you agree to pay $300,000 for a home at the end of a three-year period and $500 bucks a month is going toward your down payment, you will have saved $18,000 over three years or 6% of a down payment. You can work with the seller to get the home in pristine condition before taking over as the homeowner.