A rent-to-own home is a property that is being sold with the option for the buyer to rent it for a period of time before buying it. During this time, the buyer will make monthly payments that will go toward the purchase price of the home. If the buyer decides to purchase the home at the end of the lease term, they will be able to do so at a discounted price.
There are many pros and cons to rent to own homes. Some of the pros include:
Some of the cons include:
There are a few different ways to find a rent-to-own home. One way is to contact a real estate agent who specializes in rent-to-own homes. Another way is to look for rent-to-own homes online. There are a number of websites that list rent-to-own homes for sale.
If you find a rent-to-own home that you are interested in, it is important to negotiate a good agreement. Here are a few things to keep in mind when negotiating a rent-to-own agreement:
If you can't afford to buy the home at the end of the lease term, you will have a few options. One option is to renew the lease. Another option is to sell the option to buy the home to someone else. The third option is to walk away from the agreement.
There are a few risks associated with rent-to-own homes. These risks include:
If you are considering a rent-to-own home, there are a few things you can do to increase your chances of success. These tips include:
Rent-to-own homes are becoming increasingly popular. This is because they offer a number of benefits to both buyers and sellers. For buyers, rent-to-own homes can be a way to get into a home without having to come up with a large down payment or qualify for a mortgage. For sellers, rent-to-own homes can be a way to sell a home quickly and get a steady stream of income.
As the economy continues to recover, we can expect to see even more people considering rent-to-own homes. If you are one of those people, be sure to do your research and understand the risks and benefits involved before you make a decision.
Become a landlord through rent – Mixta Africa presents DUO (Rent to own scheme)
Owning a home is an audacious goal and it’s so much more than the building materials that form it.
#FeatureByMixtAfrica – It’s where you feel at peace, create moments, and build a family and we’re here to make that dream possible.
While getting the right home is very important, the process is even more important. We have got you covered in making the process easy:
By covered, we mean
Introducing a new, easy, and flexible way to become a homeowner in Lagos.
DUO offers you the opportunity to own our fully finished 2 bedrooms in Marula Park home at the promo price of N31.9M through a rent-to-own property scheme.
Follow these easy steps to start your journey now!
STEP 1: Visit duo.mixtafrica.com
STEP 2: Fill out the interest form on the page
STEP 3: Receive your application form via email
STEP 4: Fill out and submit the application form
STEP 5: Submit all required documents
STEP 6: Pay your 5% equity
STEP 7: Once construction is completed in February 2024, pay your first year’s rent and MOVE IN
STEP 8: Continue paying your annual rental fee (which is 5% of the total sum) for a maximum of 3 years
Step 9: After YEAR 3, pay the balance of the current total cost of your home, and VOILA you become the owner of the property.
How to calculate your balance:
Value of home (at the end of year 3) – (5% equity + 3-year annual rent paid)
Things you can do with DUO:
Things to avoid with DUO:
Missing out on this amazing opportunity! Limited time and offers available
Visit duo.mixtafrica.com to get started now
The duo is a scheme developed by Mixta Africa in a bid to make affordable housing more accessible for the average Nigerian. It is a lease-purchase option that is targeted at lower to middle-income earners in Nigeria beginning with Lagos State for its pilot phase. Launched in May 2022, Duo can be accessed for Marula Park's 2-bedroom home located in Lagos New Town from the Mixta Africa portfolio in Nigeria.
Park Villas is a new luxury residential development by Mixta Africa, located in the heart of Lagos, Nigeria. The development offers a variety of amenities and features that make it the perfect place to live, work, and play.
If you want to get involved in it, you need to learn all about how technology and innovation are transforming the San Francisco real estate industry!