New Developments: What’s Coming to Your Community Soon
Southern California's development landscape is experiencing significant transformation, particularly in areas like Downtown Los Angeles, Irvine, and the Inland Empire. Major mixed-use projects are reshaping neighborhoods, with several transit-oriented developments breaking ground near Metro lines to address the region's housing needs while promoting sustainability. In Orange County, the redevelopment of aging retail spaces into modern lifestyle centers continues, combining residential units with retail and office space. The Los Angeles Arts District is seeing a surge in creative office spaces and luxury residential projects, while cities like Ontario and Rancho Cucamonga are welcoming new master-planned communities with emphasis on walkability and outdoor amenities. These developments often include provisions for affordable housing units, reflecting local initiatives to address housing accessibility. Notable projects include new tech campuses in El Segundo, waterfront developments in Long Beach, and several adaptive reuse projects converting outdated commercial buildings into modern residential spaces.
- When you need to work on your credit. Maybe your credit score is just starting to recover, but you need more time to pay down debts for a couple of years. With rent-to-own, you could start investing in a home while you bring up your score.
- You’re close, but not quite ready to secure a mortgage. You might have a good job with a significantly bigger salary, but you haven’t been there long enough for a lender to consider it a stable source of income. Or maybe you’re self-employed and you’re still building a reliable track record. Rent-to-own allows time to build personal wealth and financial credibility while working toward your homeownership goals.
- When you know you’re going to buy when the lease expires. If you’re not ready to buy when the lease expires, then you will lose any rent credit, i.e. investment, you’ve put into the home.
