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. However, the fact that properties are selling at very high rates is something that locks many out of owning their own houses no matter how much they desire this. There is a possibility that no matter how much money you have you can rent first and then buy later. Everyone who hopes to own a house in the future but only has enough to rent can be given the opportunity to make the house his own in the future even without a down payment. If you were to do a survey of the people who have already bought their houses, many of them use financial institutions to secure the first loan for a down payment. Nobody wants to have a bad credit and this is unfortunate which is why financial institutions do not do well by refusing these people 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. However when you’re getting into a contract with the owner you have to table this option and both of you have to agree.
You will never come across a real estate agent who says bad things about a property they are trying to sale and this is why some buyers end up realising that a house is not even great for them after they have paid the money or made a commitment to buy it. The chances of living in a house which you were led to believe was the best thing for you only to realise that it is not later are going to be low when you become a tenant first and then decide to buy after you are convinced that it is what you are looking for in a house. 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. Given how financiers are hard to come by when it comes to getting a huge amount to use in paying for your house, this is a great way to pay for same without getting into debt. 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.