Top Questions About Lease-to-Own Programs Answered
If you’ve been searching for “homes for rent in Raleigh NC,” you’ve likely seen countless rental options that all share one thing in common: every dollar you spend is going to someone else’s mortgage. But what if renting didn’t have to be a dead end? What if you could earn money while leasing a home? Enter lease-to-own programs—a game-changer for renters ready to stop throwing money away and start building wealth.
At Burson Home Advisors, we’ve helped hundreds of families transition from renting to owning through our lease-to-own home programs in Raleigh, Charlotte, Greensboro, and surrounding areas. Whether you’re a first-time home buyer or someone who’s skeptical about leaving the rental cycle, this blog answers the top questions about lease-to-own programs—and why they’re a no-brainer if you plan to stay in a home for at least two years.
1. What Is a Lease-to-Own Program?
A lease-to-own program bridges the gap between renting and owning. Instead of paying rent with no return, lease-to-own programs allow you to lease a home while building equity. Over the lease period, you accumulate wealth that you can use to purchase the home, cash out if life changes, or continue leasing with the flexibility of knowing your payments work toward your financial future.
Unlike traditional renting, lease-to-own programs:
- Build equity from day one.
- Lock in fixed monthly payments that do not increase year to year.
- Offer the opportunity to buy, continue leasing, or cash out your earned equity at the end of the lease period.
2. How Is Lease-to-Own Better Than Traditional Renting?
Traditional renting might seem like the easiest option, especially if you’re unsure about committing to homeownership. But here’s the truth: renting offers zero financial growth. Every payment goes toward your landlord’s mortgage, and when the lease ends, you have nothing to show for it.
Lease-to-own programs flip this script. If you’re planning to stay in a home for at least two years, your monthly payments become an investment in your future. Here’s why:
- Wealth-Building: Every payment you make builds equity in the home.
- No Rent Hikes: While traditional rentals often increase in cost yearly, lease-to-own programs lock in your payment for the duration of the lease.
- Flexibility: Life happens, and lease-to-own programs let you adapt. Whether you choose to purchase, cash out, or continue leasing, your investment is secure.
3. Can I Choose My Home in a Lease-to-Own Program?
Absolutely! With Burson Home Advisors, you’re not limited to pre-selected properties. Instead, we work closely with you to identify your ideal home. During our “One and Done Tour,” we:
- Learn what’s most important to you—from the number of bedrooms and bathrooms to the layout, yard, location, and even the type of neighborhood.
- Consider proximity to key places like schools, gyms, churches, shopping, and dining.
- Tour homes that meet your criteria, ensuring you find a space where you can see yourself starting your next chapter.
In fact, 99% of our families choose their home on the first tour. Your time is valuable, and we ensure it’s well spent.
4. What Happens If I Decide Not to Buy the Home?
One of the greatest advantages of lease-to-own homes is their flexibility. If you decide not to purchase the home, you won’t lose your progress. With Burson Home Advisors’ no-risk programs, you:
- Receive your initial down payment back.
- Earn a portion of your equity through a sliding scale, so you’re not walking away empty-handed.
This means your payments are never wasted—a stark contrast to traditional renting.
5. How Much Do I Need to Move Into a Lease-to-Own Home?
Our lease-to-own home programs are designed to be accessible. While traditional home purchases often require significant upfront costs (down payments, closing fees, etc.), lease-to-own programs typically require:
- A refundable down payment that’s less than a traditional mortgage.
- A stable monthly payment that’s lower than a mortgage payment and locked in year to year.
This low-cost entry point makes lease-to-own an excellent choice for first-time homebuyers or families transitioning from renting.
6. What About Maintenance and Repairs?
Unlike traditional renting, where tenants cover minor repairs, or homeownership, where all maintenance falls on the homeowner, lease-to-own programs strike a balance. During your lease period:
- Major maintenance and repairs are covered – as are taxes and insurance.
- You’re free to enjoy your home without worrying about unexpected expenses like HVAC or roof repairs.
This feature offers peace of mind and prepares you for future homeownership by showing you what to expect without the financial strain.
7. Is Lease-to-Own Right for Me?
Lease-to-own programs are ideal if:
- You want the flexibility of renting and benefits of building wealth instead of throwing money away.
- You’re not yet ready to qualify for a traditional mortgage.
- You want stable, predictable monthly payments.
- You’re relocating to Raleigh, Charlotte, or Greensboro and want to explore the area before committing to a home.
Whether you’re a first-time homebuyer or simply looking for a smarter way to transition into ownership, lease-to-own programs provide a risk-free, financially sound solution.
Why Choose Burson Home Advisors?
With over 30 years of experience and a passion for helping families, Burson Home Advisors is your trusted partner in lease-to-own programs. We’re committed to:
- Making homeownership accessible with no-risk, wealth-building solutions.
- Guiding you through every step, from choosing your home to navigating lease terms.
- Providing unparalleled support and expertise to ensure your transition from renting to owning is seamless and rewarding.
Make the Switch from Renting to Owning Today
Renting can feel like you’re stuck on a treadmill, making payments month after month without moving closer to your goals. But it doesn’t have to be this way. With Burson Home Advisors, your payments start working for you—helping you build equity, gain stability, and create a foundation for your family’s future.
We know the journey to homeownership can feel overwhelming, which is why we take it personally. We’re here to walk with you, not just as advisors but as trusted partners who are invested in your success. Your transition to homeownership isn’t just about securing a house—it’s about creating a space where your dreams take root and your future flourishes.
Let’s redefine your path to homeownership together. Contact us today to learn more about our lease-to-own home programs in Raleigh, Charlotte, Greensboro, and beyond. With our team by your side, we’ll make sure this transition is more than just seamless—it’s a victory you and your family can celebrate for years to come.
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