Should you build for rent or sale?

The disadvantage of the tenant purchase agreement is that one can lose any equity accumulated towards the purchase of the house. [iStockphoto]

To a buyer who does not want the complexities that come with buying a house through a mortgage or does not have a deposit, rent to own is one of the attractive options to consider.

This model of property ownership allows one to pay rent equivalent to the market rate or slightly higher over a period as they accumulate equity towards the purchase of the house when payments are completed.