is a townhouse a good investment in todays market to do a lease-option or to rent.?
Let’s dispel the myth, “today’s market is a good/bad market to . . .” one’s timing and the market have little to do with one another. Either one is ready to buy a property or one isn’t ready–and that happens in every market. People were buying during the previous seller’s market, and people are buying now. The decision of whether to do a lease-option versus rent is more a matter of one’s taste, timing, resources, and 5-10 year outlook. In a way, one can view a lease-option as rent++ or “try before you buy” housing. One has a lease in either case; however, the key difference between the 2 is that the lease-option also gives the tenant/buyer the opportunity to purchase that property at a specific price (that’s locked in for a certain amount of time). Of course, that opportunity to lock the price doesn’t come for free–hence the option fee. If you could see yourself living in that TH for at least another 3-5 years, then the lease-option might be better for you–especially if you also hav
