To have a place where you can call your home and not have to pay rent to anyone is something that everyone strives to achieve in this lifetime. Given how expensive properties are in the modern era this is not something that comes easily to everyone. There is a possibility that no matter how much money you have you can rent first and then buy later. This is good news for in everyone who wants to own a house but only does not have enough amount to put down as down payment. Financial institutions are relied on by many home buyers in getting loans for the down payment and even buying the entire property at once but this is not something people with bad credit score enjoy and being able to rent and buy later is a great opportunity for them. Everyone should be given a chance to own a house no matter how bad they are at repaying debts or even getting loans.
When you want to rent a property first and then pay for it later it is possible to pay in the future at a price that was going the time you were getting in the house. Given how high the appreciation of properties is, you might end up paying triple or even quadruple what you could have paid when you were just beginning your tenancy. 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.
Realtors can make a house look desirable and sounds great for you to be living in but when you actually go to live there you might realise there is so much that is wrong with the house. It is less likely that you are going to end up in such a situation if you enter the agreement to rent first and then buy in future. It will not be wrong to say that you’ll have the opportunity to take the house for a test before making a lifelong commitment.
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. In this case you will not have a burden of producing a lot of money to put down the down payment in future. Given that you will already have an idea of what you are working towards, it is not going to be a burden for you to find the money at the end of the month.