Sun. Apr 21st, 2024

Are you looking for traditional storage sheds? It’s a great way to instantly add storage space to your property without directly adding onto the current facility. This helps keep the price down and opens up the possibilities to where you place the shed.

However, depending on the kind of shed you’re interested in, the initial investment price might still be a bit higher than what you’d like to pay.

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That’s why a rent to own is a great option. Let’s look into it more!

Put most simply, a rent-to-own option is an agreement where you agree to rent the property for a certain period, with the option to purchase it after the lease expires. In the rent-to-own agreement, the buyer agrees to pay the seller a one-time, nonrefundable upfront fee called the option fee, which gives you the option to buy the shed by some date in the future. This fee is often negotiable, and there is no standard market rate, though it averages anywhere between 2.5-7% of the purchase price.

Do you want to learn more? Check out your local furniture store for more information.


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