West End Announces Rent-To-Own Plan
NEW YORK, NY, October 31, 2005. West End has announced their most recent incentive program to promote homeownership. Called the "Rent-To-Own" plan, perspective buyers may now rent the new condominiums at Adams One, with the option to purchase at any time.
"First-time homeowners are often intimidated by the entire home-buying process," said West End's Managing Partner, Rich Tola. "By letting them ease into the commitment through renting, buyers can truly experience why the condominium homes we are offering at Adams One are worth the investment."
West End's "Rent-To-Own" plan was created in response to the unexpected slow sales of the condominiums at their property in Trenton, NJ. Earlier this year, West End renovated and rehabilitated this historic building. The 5-story landmark was elegantly repositioned into 9 condominium homes for sale. Although the condos attracted considerable attention from individuals who toured the property, concerns were expressed over the stability of the immediate West Trenton neighborhood and the uniqueness of such a boutique property.
"Oftentimes the benefits of homeownership go unrealized because of a lack of confidence in an unproven market," said Tola. "Our primary goal to provide homes at market-rate prices may now be achieved through our Rent-to-Own plan." Founded by Rich Tola and Greg Swenson, West End acquires and redevelops under-performing properties throughout the tri-state area. Serving this endeavor, West End revitalizes vacant and partially vacant properties of all kind.
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