Rent to Own Homes in Reno
Well known for being an excellent gaming destination, Reno, Nevada has much more to offer than great casinos. This area has been one of the fastest growing areas in the country, with the population rising by more than 20% since 2000. Rent to own homes in Reno NV are attractive to many home buyers across the country. However, before considering homes rent to own in the area, several factors must be kept in mind. The following factors must be considered before deciding to live in the “Biggest Little City in the World.”
Factor #1 – Local Economy
Buyers considering rent to own homes in Reno NV need to consider the local economy, which is an extremely important factor. Although the economy offers some excellent advantages, it also comes with a few disadvantages that buyers must be aware of before buying. Within Reno, tourism is a big part of the economy, although tourism isn’t as big as it once was within this city. The area is very attractive to businesses as well, especially with the lack of corporate taxes. In fact, many excellent businesses are located in the area, including R.R. Donnelley and Sons, Ralston Foods, Kal Kan, John Deere Company and International Game Technology. These businesses help to keep the local economy going and also provide jobs in the city as well.
Factor #2 – Job Outlook
Another factor to consider when looking for rent to own homes in Reno NV is the job outlook in the area. Unemployment is definitely a problem in the area, which has occurred as tourism has started to lag. The unemployment rate in Reno is above 11%, which is even higher than the unemployment average across the nation. Job growth is negative at the moment, decreasing by about 2.2%. While this doesn’t mean that it’s impossible to find a job in the area, it is a bit tougher to find work, which is something that must be considered before deciding to go with homes rent to own in the city.
Factor #3 – Educational Options
Educational options should be considered before deciding to go with rent to own homes in Reno NV, especially for families with children or those interested in furthering their own education. The public schools have a lower than average child to teacher ratio, which is beneficial. Parents not only have good public schools available, but private schools and many charter schools are available, which allows parents to decide on the best schools for their child’s needs. Various institutions of higher education are located within the Reno area, including various universities and colleges.
Factor #4 – Area Climate
Of course, one cannot forget to consider the climate when deciding whether to go with rent to own homes in Reno NV. While the area enjoys four distinct seasons, the temperatures are mild, both in the summer and the winter months. Those who enjoy sunshine are sure to appreciate the climate, since the sun shines on most days of the year. The temperate climate and the amount of sunshine enjoyed in Reno is definitely attractive to many people looking for a place to live.
Overall, Reno is an excellent place to live, in spite of some struggles in the job market. It’s important to note that the city offers a lower cost of living than many other cities in the country and home prices are down, making it easier for home buyers to find excellent deals. After considering these factors and becoming well informed on the area, many people do decide that rent to own homes in Reno NV are an excellent option, choosing to move to a city that was once voted as one of the top 10 best cities to live in within the United States.