September 27, 2021

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Home Gets Me Excited

How a lucky Austinite can earn a fully free desire dwelling renovation

2 min read

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Commonly the buy goes like this: you get a property, live in it for a few a long time, probably do a several minimal initiatives listed here and there, and then — if everything goes proper and your financial institution account lets it — you get to get in touch with the photographs on a important house reno.

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Appropriate now for 1 very blessed ZeroDown customer, that timeline is about to fully upended. The lease-to-purchase organization is partnering with Austin Flipsters to surprise the initially experienced ZeroDown buyer with an incredible transformation, having an normal dwelling and turning it into a aspiration dwelling.

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ZeroDown operates like this: Prospects go shopping for their ideal house, which ZeroDown buys for dollars and rents back to them (no down payment demanded!).

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Clients pay rent to ZeroDown and have a useful solution to purchase the dwelling on their personal timeline at an desirable price tag. That’s due to the fact ZeroDown will increase the obtain selling price for the consumer by 2.5 % for each year for the duration of the 3-calendar year solution period of time, a compact portion of the 12.1 per cent 12 months-around-12 months residence selling price appreciation calculated by the Austin Board of Realtors for September 2020.

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All of the upside above the 2.5 % annualized degree can be captured by the purchaser if and when they opt for to buy the dwelling from ZeroDown. Not like a mortgage, there is no upfront down payment associated, even for pricier residences above $1 million, and the consumer can make your mind up to go away the residence whenever right after two several years with out the extreme friction of owning to record and sell the residences themselves.

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Usually ZeroDown only buys go-in-prepared households, but for this particular celebration, the corporation is searching for a diamond in the rough.

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Performing with Austin Flipsters, the YouTube-well known pair that pulls the curtain back again on residence flipping, the lucky consumer receives to call the shots and set their structure stamp on their new dwelling.

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Far better yet, all ZeroDown shoppers can love 20 p.c off their starter charge and 5 p.c off lease until December 15. There’s no greater time to check out before you acquire, and who understands? You could possibly soon be moving into your aspiration residence.

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Be confident to check out ZeroDown’s The LowDown for much more updates, and to forged your vote for the ideal neighborhood in Austin.

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