Published at Thursday, April 19th, 2018 - 02:51:37 AM. . By Tordis Lovise.
Once tenants move in, they pay minimal rent and utilities (e.g. $300 a month rent for a 300-square-foot home and an estimated electric bill of less than $35 per month). After three years, tenants are offered a contract to rent to own their homes within four years. This lengthy process is designed to help residents become disciplined about bill paying and the responsibilities of home ownership.
Choose a floor plan that works with your budget now. One mistake homebuyers often make when looking at floor plans is over spending for the future, rather than planning for the present. You can always upgrade your home. From finishes and innovative additions to possibly adding area and amenities. Don’t get oversold from a home selling agent or a developer’s representative – only you know your budget. Plan for your budget now so you will feel comfortable living in your home and not feel “financially strained” each month to make payments on your home.
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