Build To Rent is one of the fastest growing segments of the housing market. Since the pandemic, BTR (also known as Single Family For Rent) has doubled its share of new home construction. It is expected to double again by 2024.
For good reason.
BTR features single family homes (detached homes) built specifically to rent not own. Typically, BTR developments are located in neighborhoods that are virtually indistinguishable from traditional built-to-own neighborhoods.
BTR residents enjoy the benefits of living in a single family home, such as private backyards, bigger floor plans, and easy parking. They also enjoy the freedom and flexibility of a lease compared to the long-term financial commitment of home ownership.
Other Build To Rent benefits include significantly lower maintenance costs (most maintenance is handle by a property management company), increased privacy, and community amenities such as pools, fitness centers, private cinemas, coffee houses, playgrounds, and barbecue areas.
Build To Rent communities are also growing in popularity among investors. It’s projected that real estate investors will spend $40 billion on BTR developments throughout the U.S. over the next 18 months.
Pacific West is ideally suited for BTR. With a background in building and developing both single-family and multifamily communities, we have the experience and expertise to provide renters with the west’s premier BTR communities.