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We all know that our economy as of late is not stable. Finding and keeping a job is even harder. Therefore, you should really take care of your hard-earned money. If you do intend to buy a home, you should make sure that it's going to be worth your investment. Because of this, potential home buyers are encouraged to take advantage of the rent before you buy option given by real estate agents and homeowners. Why should you grab this opportunity?
As stated in the previous paragraph, you should be fully aware if your investment is worth your every penny. By staying for a night or two in the property, you would know if it's the perfect fit for you. You can spend a few days assessing the property and the entire neighborhood. You can even arrange a small party and invite your future neighbors over. Talk to them and ask questions about the community. Gather as much information as you can and use this when you make a decision.
When you spend a night in the property you want to buy, you're given the opportunity to have a first-hand experience of the house. You will be able to properly inspect it. You will also be able to check things that you may miss if you just stay there for a few minutes or hours. You would know if the house is indeed what the real estate agent and the owner said it would be. In short, you would know if it's in perfect shape.
This is what smart home buyers should do. If car buyers get the chance to test-drive cars that they want to buy, should not you be given the same opportunity?
If you want to find properties that you can rent before you buy, talk to your real estate agent. Ask them if they can find you a property that offers this option.
Sometimes, home owners would deduct the cost of the rent from the principal amount of the house when you do decide to purchase it. This is a very common practice. However, you still have to make sure that this is how it would be. Talk to your agent and the home owner about the arrangement. As for the rent, this usually varies. It can be as low as $ 50 a night or it can be as high as $ 500 a night. It usually depends on the home owner.