It is a great feeling to go home to your house where you have no landlord. However this is not always easy especially in this era where buying a home or owning property is very expensive. There is a possibility that no matter how much money you have you can rent first and then buy later. Everyone who hopes to own a house in the future but only has enough to rent can be given the opportunity to make the house his own in the future even without a down payment. If you were to do a survey of the people who have already bought their houses, many of them use financial institutions to secure the first loan for a down payment. Nobody wants to have a bad credit and this is unfortunate which is why financial institutions do not do well by refusing these people loans.
People who go the rent to own way enjoy paying for the same property at the rates it was going at before they even moved in. Property appreciates at very high rates and if you have to wait until the future to make the house yours, you might end up paying double what it was going at when you were starting to rent. To avoid the plan backfiring on you ensure your landlord is in agreement about it and he or she is not going to go back on his word in future.
Not every house that is being advertised using very nice word is good for you or your family. The chances of living in a house which you were led to believe was the best thing for you only to realise that it is not later are going to be low when you become a tenant first and then decide to buy after you are convinced that it is what you are looking for in a house. You will be getting the opportunity to test the house according to your objectives and standard to see whether it would be suitable to raise a family in or just live on your own.
If possible, ask the landlord if some of the money you’ll be paying as rent at each month can be used to build the downpayment for the house. This takes out the burden of having to look for a financier when you want to pay the down payment for the house. In fact when you know that you are investing towards something that you love, you are going to put in extra efforts to make sure the chance does not pass you by.