Build To Rent Homes: The Future of Rental Living

May 1, 2023 | Industry Articles

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As the world evolves, so does the way we live. Increasing property prices, high mortgage rates, and lifestyle changes have led to an increase in the number of people choosing to rent instead of owning their homes. The monthly cost of homeownership became 35% higher than the cost of renting a professionally managed apartment, according to NMHC estimates. This marks the highest buy-to-rent premium (on an inflation-adjusted basis) since the peak of the housing bubble in 2006.

In response to this shift, a new concept of “Build To Rent” (BTR) communities has emerged, offering a unique living experience to renters.

What Are Build-To-Rent Homes?

BTR communities are purpose-built rental properties designed and constructed specifically for renting. Unlike traditional rental properties, BTR communities are managed by a single company, offering tenants a more streamlined and consistent living experience. These communities are usually located in desirable suburban locations, offering easy access to urban centers while still providing a peaceful and comfortable living environment.

Build To Rent Homes
Rural Build to Rent Community

Benefits of Renting in a Build To Rent Community

BTR communities offer many benefits to renters, including:

Modern Amenities

BTR communities are designed to offer modern amenities that cater to the needs and wants of residents. These communities often feature fitness centers, swimming pools, communal spaces, outdoor areas, and more.

High-Quality Living

Because BTR communities are purpose-built, they are often constructed to a high standard. This means that renters can expect a higher quality of living in terms of design, materials, and finishes.

Professional Management

BTR communities are managed by a single company, meaning residents can access professional management and maintenance services. This ensures that any issues are resolved promptly, and the living environment is well-maintained.

Community Feel

BTR communities are designed to foster a sense of community among residents. The communal spaces, events, and activities offered by these communities make it easy for renters to meet their neighbors and build relationships.

Photo of Build to Rent Homes

Conclusion: Build To Rent Communities Are In High Demand

Build To Rent communities offer a great alternative for rental living. With modern amenities, high-quality living, professional management, flexible leases, and a community feel, these communities offer a unique and attractive living experience for residents. As the demand for rental properties continues to grow, we can expect to see more BTR communities being built across the country.

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