Make Money While You Rent
3 Easy Steps to Getting Started
- Get ready to tour and select an exciting new home from one of our available communities in Ohio by clicking on “Building the City” and then the “Residential” tab directly to the left. Choose the home and neighborhood you would like to learn more about.
- Contact the Sales Associate responsible for the community you’ve chosen, to schedule a personal tour. Once you’ve selected your dream home, you will work with this Sales Associate to complete the application package.
- After you’ve been approved, your purchase price will then be established and “locked-in” at the beginning of the lease period.
PROGRAM BENEFITS:
- You will sign a 12 month lease agreement and provide us with a $10,000 deposit, which will be applied directly to your down payment. This will take your home off the market during the course of your one year lease.
- 50% of the rent you pay during your lease period will go towards your down payment. By the time you purchase this home, prices may have already appreciated beyond the locked-in price, providing you with additional equity.
- The Developer will be responsible for paying Home Owner Association/Condo Association dues and real estate property taxes during your contractual one year lease period. That means you get to enjoy all of the benefits of traditional “ownership” while building substantial equity in your new home.
- The Coral Company’s portfolio of new homes are in dynamic neighborhoods, renowned for their vibrant lifestyle offerings and local amenities. Coral has masterfully designed these communities which offer standard features including: hardwood and ceramic tile flooring, granite countertops, owner’s retreat with glamour bath, gourmet kitchens, and cathedral ceilings.
*This program only applies to new homes that are available for immediate occupancy.