I am working on a new home sale with KB Homes in Arbor Ridge in Apopka, and I was speaking with the on site salesperson Brade Majac. He was telling me about a program they belong to called Equity Residential that allows you to build up points as a renter that can be used toward the purchase of a new KB Home. The points accrue based upon how long you rent and the amount of rent you pay, and he recently had someone who had accrued $5,000 worth of points. KB Homes will let you use the points toward down payment, closing costs or upgrades, so you have the flexibility to choose. Brade gave me a partial list of the apartment complexes that are part of the program.

Here are some of those communities: Arbors at Maitland Summit, Golfbrook at Sabal Point, Verandahs at Hunt Club, Milan Apartments, Crescent Place, The Lofts at Altamonte, Estates at Maitland Summit, Alexan at Maitland Crossing, Post Apartment Homes, and Club Espirit Apartments. The catch is that you have to sign up for the program, so if you live in one of these communities you are not automatically in the program. Check with your leasing agent to see if you can sign up if you are thinking of making a home purchase at the end of your lease. For more information you can check their website at EquityResidential.com

Orlando Real Estate, David Welch Real Estate Optimist