Funky Downtown Hamilton Rental

Posted on April 17, 2013 by admin

downtown hamilton rental

Downtown Hamilton Rental Apartment

Although not a rent to own property, sometimes we do have standard apartment rentals available and current this is the case as one of our units in downtown Hamilton just became available.  It is a second floor unit in a triplex.

downtown hamilton rental apartment

If you are searching for a rental in Hamilton, now you can live in a just renovated 2 bedroom apartment in a triplex that was once a former stately mansion used in the movie ‘The Confessor’ starring Christian Slater!

downtown hamilton rental apartment

The brick walls inside this apartment gives it a real funky and trendy feel. The back room accessed through the brick archways can serve as the second bedroom or a cozy den overlooking the back.

downtown hamilton rental apartment

Oversized Kitchen With New Additions

The kitchen is oversized and can easily accommodate a dining area. In fact, this apartment is HUGE at 1037 square feet.

kitchen downtown hamilton rental apartment

The apartment has been completely repainted and renovations also included brand NEW kitchen countertops and NEW laminate flooring in the master bedroom. The unit is nice and bright to give you a great comfortable living space.

Original Stained Glass Windows

We even kept the original STAINED GLASS sections in the master bedroom since they retain the charm of the original mansion.

glass2 downtown hamilton rental apartments

Close To Everything Downtown Hamilton

Talk about CONVENIENCE – this location at 45 Wellington St South (at Main) is close to EVERYTHING! This property has a Walk Score of 90, which puts it in the highest range known as ‘Walker’s Paradise’!

You are WALKING distance from all downtown retail, services and entertainment including a Tim Horton’s and 24 hour convenience store at the corner, a Canadian Tire around the block and public transit steps away. Wellington St also gives you immediate road access to the mountain as well.

There is FREE PARKING in the back for tenants and you have BOTH separate front and rear entrances to your apartment.

An on-site coin laundry is right in the basement of the building so no need to go to an external laundromat.

We will be providing regular snow removal and other on-site maintenance throughout the year. Regular renovations and improvements for the building are also planned – we are not slumlords so you will get to live in a well kept place that is safe and clean.

bedroom2 downtown hamilton rental apartments

The rent is $900 per month plus utilities (hydro, gas) and occupancy is for May 1 but earlier occupancy may be available if requested.

We will be having rental OPEN HOUSES this Thursday April 18 from 7 pm to 8 pm and Saturday April 20 from 2 to 3 pm ONLY to view the apartment.

The address is 45 Wellington St South (just south of Main) – main entrance will be open during the open house hours only – just come up the stairs to apartment #2.

This apartment will be rented quickly so bring your employment and past rental references information as we will have applications on site.

See you there!

downtown hamilton rental apartment

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Hamilton Condo Townhouse Available As Rent To Own Or Standard Rental

Posted on March 9, 2013 by admin

Hamilton Rent To Own Condo Townhouse

hamilton rent to own condo townhouse

This immaculate BR condo townhouse is located in one of the BEST areas on Hamilton mountain and you can now make it your new home!

Close To Everything

On 910 Limeridge Road East with easy access to Alexander Lincoln Parkway and Upper Gage, you can be just minutes away from anywhere within Hamilton and surrounding areas. This well sought area has lots of retail including Limeridge Mall, movie theatres, restaurants, libraries and schools nearby.

Green parks, conservation areas and even a leash free dog park are all located within this upscale area too. Of course this means that pets are indeed allowed for this property. There’s already a pet strength screen installed in the patio door. A quick 3 minute walk leads to a nice park within the residential area with a playground and sports fields. There are even several waterfalls within walking distance – imagine enjoying those with your family!

hamilton rent to own condo townhouse park   hamilton waterfalls rent to own townhouse

Move In Condition

As you can see in the photos, this townhouse will be in move-in condition and your family will love the three bedrooms, full bathroom on the second level as well as the dining and living rooms with laminate flooring, plus kitchen with modern appliances on the first level.

hamilton rent to own

hamilton condo townhouse

hamilton rent to own

bathroom

Finished Den Plus Washroom In Basement

The basement has a finished den with a very unique full bar and can be used as an extra overnight guest room (which the previous tenants have done). There is even a 2nd washroom with shower right in the basement! The laundry room with washer and dryer can also be used as storage.

basement

bar

basementbath

An alternate exit leads to the carport and your guests will find the visitors parking right outside very convenient too. In addition to the nice sized outside common area with trees, this townhouse also has a fenced private backyard area too.

commonarea1

backyard

Condo Convenience

Since this is a condo townhouse, you don’t have to worry about external maintenance such as landscaping as everything is taken care of on a regular basis, even within the fenced backyard area if you leave the gate open during landscaping days. The backyard or even the front porch are great places to chill out on a nice day.

This condo townhouse is available as of May 1, 2013 (note that it is possible for us to completely repaint all the walls white in which case we’ll need a few days to do that).

There will be a Rental Open House Showing for this home on Saturday, March 23 from 2 pm to 3 pm only.

We will be accepting Rent To Own as well as standard rental applications on site so please bring all your references info. Email us to let us know you’ll be coming during the Open House so we can inform you of the unit number.

The standard rental will be $1,380 plus utilities per month and the condo comes with free cable TV!

For those interested, the Rent To Own lease rate is $1,650 per month and 20% of this amount is credited back towards the final purchase price.  The initial deposit to start a Rent To Own program with this property is about $8,500.

For those interested, further details on our Rent To Own program are at How Rent To Own work.

This rental opportunity will not last as this home is in a very well sought after area – so act fast and let us know you’ll be coming to our Rental Open House Showing on March 23 and we’ll get back to you with the unit number.  Note that the unit will have a real estate sign on the front window.

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Lease Options For Homes Not For Everyone

Posted on January 24, 2013 by admin

Lease Options For Homes

We had a call from a lady who had some concerns about not being able to save up enough for a mortgage down payment by the end of 3 to 4 years of a lease option term.  She had issues concerning the intial deposit which is required to start a lease option contract and how it would take away from her savings for the mortgage down payment.

The thing to remember is that the initial deposit for lease options of homes will be credited back towards the purchase price of the home at the end of the term, whether 3 or 4 years.  This will effectively bring down the price required for the home purchase as well as the mortgage down payment that will be required by the banks.

This potential client still had problems with this area even though she claimed that she understood how lease options work.  It seems to me that she probably didn’t totally appreciate just how lease options work.  It does make sense to carefully go over the text FAQ section as well as our informative video on lease options to get a sense on how our Canadian Rent To Own Homes program works.

Lease Options Are Not For Everyone

So this potential client really had an issue with the initial deposit which will be required for any lease options deal.  If she still doesn’t expect to have saved enough for a down payment required by the banks for mortgage financing in 3 to 4 years, our position, even though unpleasant, and not what she wanted to hear, is that perhaps this lady is not a candidate for a lease option deal.

In general, lease options are for those who will be able to save enough for a down payment in 3 to 4 years and/or build enough credit to get a mortgage.  If there is concern of achieving this in that duration, then this type of deal is not for such individuals.

Lease options of homes are for those who need a little help to bridge the gap towards mortgage financing within 3 to 4 years and will be successful in doing that due to a diligent savings program.

To learn more about lease options, see our Canadian Rent To Own Homes program.

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We Are Focusing On Rent To Own In Hamilton Right Now

Posted on January 17, 2013 by admin

Hamilton Rent To Own Homes

Right now, we would like to focus on Hamilton, Ontario as a major centre for our Canadian Rent To Own Homes program although we will consider other locations if requested.  But we are actively seeking applications to be qualified for our Rent To Own program from the Hamilton area.

So people currently renting in Hamilton and wish to become homeowners within three years or so should check out our information video as well as text FAQ section about how Rent To Own work.  We will be looking at all applications sent in and hope to find a few qualified tenant/buyers to use our program as a way to bridge the gap between renting and owning their first homes.

So do check out our video and FAQ section starting at Canadian Rent To Own Homes as we would love to help some good folks in Hamilton move towards full homeownership.

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Need To Proof For Rent To Own Homes Qualification

Posted on November 14, 2012 by admin

rent to own homes qualification

photo: Casey Serin

Rent To Own Homes Qualification

In order to be successful in a Rent To Own homes qualification, a potential candidate must have a decent income as well as a 5% initial deposit in order to support the monthly rental payments during the lease term.  Such a program is not something that all renters would qualify for.

We find that there are a lot of renters who are initially interested in our Canadian Rent To Own Homes program especially since it helps them become full homeowners one day.  They also get to live in the home that they will eventually own right from the start.

However, in order to qualify, they have to prove to us that they do make a certain income level as well as have the funds for the initial deposit.  This is where most of the initial candidates fall apart.

They would either not share their figures with us or provide the right documentation to support their income claims.  The main thing these people have to remember is that in a Rent To Own homes program, it is unlike a standard rental where one just has to provide rental cheques each month.

A Rent To Own homes program is much more structured with initial deposits, a contracted purchase price at the end of the lease term and credits towards the purchase price.  A mortgage broker also must be consulted as well.

So a lot more information from the potential tenant/buyer is needed.  Potential homeowners must get use to releasing such information since when it comes time to getting a full mortgage for a home, the banks are going to want the same type of financial documentation as well.

For more information, see our Canadian Rent To Own Homes program.

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Need To Start Saving To Be A Homeowner

Posted on October 27, 2012 by admin

Saving To Be A Homeowner

For those who want to transition from being a renter paying rent each month (and throwing away hard earned money) to becoming a full homeowner, there will be a huge requirement to start saving rather than spending.  Home mortgages require large down payments for a home and most renters do not have such funds available.

This is where Rent To Own homes programs can help.  Instead of the usual 20 to 25% down payment required by the banks for mortgages, typically, Rent To Own homes programs require only 5 to 10%, sometimes as low as 3%.

However, many renters do not even have 3% available in cash for a Rent To Own initial deposit.  So this is where there is a must to change spending habits in order to become more of a saver to accumulate enough for a Rent To Own program initial deposit.

Rent To Own Homes Programs Help Savers

The saving doesn’t stop with just the initial deposit.  Each monthly rent payment in a Rent To Own homes program will be at a higher rate, usually about 20% higher, compared to usual market rent rates.  But at the end of the Rent To Own lease term, both the monthly premiums and the original initial deposit are credited towards the final purchase price of the home for the tenant who will become the buyer.

In reality, the way a Rent To Own homes program is structured, the initial deposit and higher monthly rental payments act like a forced savings program for the future homeowner.  Funds are put away each month to save up towards that eventual purchase of the home which will make the tenant/buyer a full homeowner.

Of course, it all starts at the beginning with the renter to start saving in order to afford the initial deposit up front as well as the higher than market rent payments each month.  This is why saving is so important if one wants to become a homeowner.

For much more information on how such programs work, see our Canadian Rent To Own Homes Program video.

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Initial Deposit Required To Find Rent To Own Homes

Posted on September 17, 2012 by admin

Find Rent To Own Homes

We recently had an inquiry from a potential individual who was interested to find rent to own homes in the east Toronto area of which we do service.  She didn’t seem to know much about rent to own programs but did mention in her email that she has a good income.

So like most such initial inquiries, we directed her to our Rent To Own Homes Information Video along with the text FAQ version since both are quite detailed and will likely answer most of the questions this lady would have.  She obviously did go through the materials because she later emailed us back and told us that she does not have enough for the initial deposit that would be required to start on a program.

Initial Deposit Always Required In Rent To Own

This brings out a key point in all rent to own homes programs.  Although there is no hefty down payment like what banks would require for a conventional mortgage (around 20 to 25% of the purchase value of a home), there still is an initial deposit involved.  These can range in the 3 to 10% range which are much lower than mortgage down payments.

However, they are still a good chunk of money.  Our particular Canadian Rent To Own Homes program typically requires 5% for an initial deposit.  So for a $200,000 home, this would equate to $10,000 or half of that for a $100,000 home.

One thing to keep in mind is that if tenant/buyers in our program continues throughout the duration of the lease period until the very end when they are finally in the financial position to purchase the home as new homeowners, this 5% will be credited towards the final purchase price.  Lease periods range from two to four years with three years being the average.

Our Suggestion

So what we suggested to this woman was to save up until she has enough for a 5% initial deposit at which time she would be in good shape to start our program.  This deposit will allow her to start the process to find rent to own homes suitable for her and her family.

For more information on how our program works including how the initial deposit comes in, see our Canadian Rent To Own Homes webpage.

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Rent To Own In Kitchener Waterloo Leading The Pack

Posted on September 9, 2012 by admin

rent to own kitchener waterloo cambridge

photo: lothlaurien

Rent To Own Kitchener Waterloo

It’s interesting as we placed adds on Kijiji for rent to own in three separate regions at the same time this past weekend.  We put them in Hamilton, Barrie and Kitchener/Waterloo (with reference to include Cambridge as well).

On Kijiji, we could see the number of views for each region’s ad.  Although we privately own most of our current rental properties in Hamilton compared to any of the other two regions, the number of views for the Kitchener Waterloo rent to own ad led the pack.

Barrie came in second while Hamilton, came in at a very distant third.  This really surprised us as we had thought that the rent to own market would be most active in Hamilton due to its population growth although all three regions are growing quite well.

Rent To Own Home In Kitchener Waterloo Or Cambridge

We would of course love to facilitate qualified tenant/buyers in Waterloo, Kitchener or Cambridge through our Canadian Rent To Own Homes program.  Not only are there many renters in these cities but many of these renters are currently thinking about future home ownership.

If they are willing to work on building their credit, then we are willing to help through our rent to own program.  Of course potential prospects must first get pre-qualified and then go through a full qualification process in order to get into our Canadian Rent To Own Homes program.  But this is what they would have to do anyways for bank financing and a rent to own program would be much easier to get in compared to trying to get a bank mortgage.

The best place for renters in Kitchener, Waterloo or Cambridge who are considering rent to own is to first view our information video, followed by our detailed text FAQ section.  Then do the online pre-qualification application to start the process.

To learn about our program, see Canadian Rent To Own Homes.

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Rent To Own Meetings In GTA

Posted on August 30, 2012 by admin

rent to own meetings gta

photo: veggiefrog

Rent To Own Meetings

Sometimes we are asked about when we would hold Rent To Own meetings with potential clients.  The answer is after pre-qualifications done online.  This is because we won’t spend the time to meet with every single person who inquires about rent to own programs since it has turned out that not everyone will be pre-qualified.

Meeting with individuals who would not even pre-qualify would be a waste of each party’s time.  Only those who pre-qualify and have potential to get fully qualified will truly benefit at this point in a face to face meeting.

During such meetings, we can answer more questions as well as see any documentations we need in order to verify the information the potential client has provided us initially during the online pre-qualification application.  We understand that some people will be hesitant to share confidential documentation with those without meeting face to face yet which is why we will agree to rent to own meetings but only with those who pre-qualify.

Rent To Own In GTA

Since we are also based in the GTA, we would be willing to come out and meet any pre-qualified individuals or couples if based somewhere near the GTA.  However, such potential clients should have at least sent in a pre-qualification application as well as to review the information video on our Canadian Rent To Own Homes program first.  There’s no use in doing a complete introduction of rent to own from scratch during meetings since pre-qualified candidates would have at least a basic understanding on how rent to own works.

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Rent To Own Info Day In Hamilton Ontario

Posted on August 19, 2012 by admin

rent to own info house hamilton ontario

photo: vagawi 

Come To Our Rent To Own Info Day & Learn How To Stop Wasting Money On Rent!

If you have good income but poor credit or not enough for a mortgage down payment, home ownership is still within reach with our Rent To Own Homes Program.

We will be in Hamilton, Ontario on Saturday afternoon August 25 and will be available for appointments to meet face to face. You can ask us any questions you may have on Rent To Own programs and how to qualify.

Pre-Qualify Online First For Rent To Own

You can also apply for qualification on site if you want although we HIGHLY recommend that you pre-qualify online first as this will save you a trip in case you don’t pre-qualify.

Then you can bring copies of your supporting documentation to your appointment to finish the application for a faster full qualification – we will email you what type of documentation we need to see before your appointment with us.

For appointments on Saturday afternoon in Hamilton, contact us through our website.  We will meet at one of our properties in Hamilton.

To see in advance how a portion of your rent can be applied to your down payment each month and more as well as to pre-qualify online, see our comprehensive Rent To Own Info Video

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