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Pennsylvania is positioned in the Mid-Atlantic, American Northeast, and Appalachian regions. It offers a unique mixture of amenities and amusements. Residents who live in this area have access to plenty of parks, botanical gardens, supermarkets, local zoos, aquariums, and museums.
There are also a lot of options for family entertainment. That’s why a growing number of people are looking for rent to own properties here. Are you interested in exploring the outdoors? If so, you will be able to enjoy different outdoor activities in Pennsylvania.
You will not only be situated near the mountains but also close to states like West Virginia, Ohio, and New York. Harrisburg is the state capital whereas Pittsburgh and Philadelphia are Pennsylvania’s most populous and most popular cities.
Take a look at the rent to own homes in Pennsylvania:
Buying Homes in Pennsylvania
Throughout Pennsylvania, there are roughly 100,000 homes for sale. The single-family homes make up the majority of these properties. Additionally, you can find many townhouses, condos, and multiple-family dwellings for sale. In some areas, you can come across waterfront properties, too.
So, whether you are a first-time homebuyer or someone looking to flip a house, your options are not limited. The foreclosure market is very healthy in Pennsylvania. That said, most people don’t have difficulty qualifying for a homebuyer assistance program that suits their needs. What’s more, grants for closing costs and down payments are provided by most of those programs.
Renting to Own vs. Buying a Home
Many people prefer renting to buying a home for different reasons. Some may be on a strict budget with no extra money for a down payment. Others have a bad credit score that prevents them from applying for a home loan. Whatever the case, rent-to-own housing is a good alternative.
If you’re limited financially, it is a good idea to begin as a renter. You will be able to move into your dream house without starting any buying process. Once you find a rent-to-own housing scheme that works for you, you will have to sign a lease.
While the contract terms may vary widely, the rental period is usually not shorter than 2 years. During this period, you might have the option of purchasing the home. Sometimes you can use one part of rent payment as a later down payment. Consider these possibilities as you assess the options.
Pennsylvania Cost of Living
In Pennsylvania, the overall cost of living is 92.5. It’s about 3% below the national average. Groceries and utilities are the biggest monthly expenses for most residents.
The housing market is quite affordable here. You can find lots of lower-priced houses in this state. However, there are also many high-priced larger homes for sale.
In addition to the rich American history, Pennsylvania features numerous cultural events and tourist attractions. While Pittsburgh and Philadelphia are the most popular cities to live in this state, there are also many small towns ideal for raising a family.
Considering the below-average cost of living, it’s no surprise that many people choose the Commonwealth of Pennsylvania to be their state of residence. If you plan on taking up residence in this state, the good news is there are a lot of inexpensive rent-to-own homes here.
Reported Annual Crime In Pennsylvania