5 months ago
Last edited at 11:38PM on 11/10/2013
There are a few places like that, but the rent tends to be higher than a regular apartment. Around here, you just rent the apartment the way you regularly would. With each passing month, some of your "rent" is applied to an account that you can then use to buy a home with a participating builder. Some home sellers will also let you buy on installment (sort of seller financing), but the details are contract/seller specific. Others will let you rent with an option to buy later. It's also pretty rare. It's much like buying a house through a real estate broker. You'd have to contact the seller or his agent for details
you talk to the owner and talk about renting the house for as long as you like. If you want to own it, you discuss making payments with your rent and after a 2-3 year period or so (depending on your income) you have eventually payed for the house in full. just discuss it with the owner of the house. If it is rent to own, they oviously want to get rid of it after a certian time period.