Build to Rent is one of the fastest growing segments of the housing market. Since the pandemic, Build To Rent has doubled its share of new home construction. It is expected to double again by 2024. (Build to Rent goes by many names, including Single Family For Rent, Single Family Rental, and BTR Communities).
For good reason.
Build to Rent features single family homes (detached homes) built specifically to rent not own. Typically, single family rentals are located in the same neighborhood and are virtually indistinguishable from traditional built-to-own neighborhoods.
A Build to Rent Community offers the best of both worlds.
Build to Rent homes enjoy the benefits of living in single family residences, benefits that don’t come with traditional apartment living, such as private backyards, more space, flexible floor plans, luxury features and easy parking.
Build to Rent residents also enjoy the freedom and flexibility of a lease compared to the long-term financial commitment of home ownership. And Build to Rent residents escape the expensive property taxes that come with home ownership, which can make monthly rent payments significantly less than mortgage payments.
Other benefits of include appreciably lower maintenance costs (most maintenance is handled by a property management company), increased privacy, and community amenities such as swimming pools, fitness centers, private cinemas, coffee houses, kids playgrounds, and barbecue areas. And unlike standard apartments, most Build to Rent homes also include fenced yards, making them a favorite of pet owners.