The demand for rental properties in the United States has been steadily increasing for the past decade. Regrettably, there are not enough reasonably priced rental properties available to meet the current demand. As a result, renters are faced with the dilemma of either paying excessive rent or residing in inadequate housing. Nevertheless, there is a progressively popular solution in the American rental industry - constructing properties specifically for renting purposes. In this article, we will discuss why the concept of build-to-rent housing is the way forward for an ever-growing housing market.
What Is Build-to-Rent Housing?
Build-to-rent housing refers to properties that are designed and built specifically for the rental market. These properties are typically owned and managed by a single entity, which means that renters deal with a professional management company rather than individual landlords. Build-to-rent properties offer a range of amenities and services that are designed to make the rental experience more enjoyable and convenient.
Why Is Build-to-Rent the Future of Housing?
1. Flexibility
One of the biggest advantages of build-to-rent housing is the flexibility it offers renters. Unlike traditional rental properties, which typically require a one-year lease, build-to-rent properties offer a variety of lease options. This means that renters can choose the lease term that best suits their needs, whether that is six months, a year, or longer.
2. Affordability
Build-to-rent properties are designed to be affordable for a wide range of renters. They are typically built in areas where land and construction costs are lower, which allows developers to offer lower rents without sacrificing quality. Additionally, build-to-rent properties often include features like energy-efficient appliances and lighting, which can help renters save money on their utility bills.
3. Amenities
Build-to-rent properties offer a wide range of amenities that are designed to make the rental experience more enjoyable. These can include things like fitness centers, swimming pools, community spaces, and even pet parks. By offering these amenities, build-to-rent properties create a sense of community among residents and make it easier for renters to meet their neighbors.
4. Professional Management
Unlike traditional rental properties, which are often managed by individual landlords, build-to-rent properties are owned and managed by a single entity. This means that renters deal with a professional management company that is dedicated to providing high-quality service and support. This can include things like 24-hour maintenance support, online rent payments, and streamlined move-in and move-out processes.
5. Quality
Because build-to-rent properties are designed and built specifically for the rental market, they are often of higher quality than traditional rental properties. They are built to modern standards and often include features like open floor plans, high ceilings, and large windows that create a sense of space and light. Additionally, because build-to-rent properties are owned and managed by a single entity, they are more likely to be well-maintained and in good condition.
Conclusion
Build-to-rent housing is a growing trend in the US rental market and for good reason. These properties offer flexibility, affordability, amenities, professional management, and quality that is often lacking in traditional rental properties. As the demand for affordable rental housing continues to grow, build-to-rent properties will likely become an increasingly popular option for renters.
When it comes to your build-to-rent project, you need a land developer in Florida that you can trust. That's where Next Generation Land Company comes in. Our team of experts is dedicated to creating quality land developments that meet the needs of today's renters. We're committed to building thriving and desirable communities that address the housing shortage in America. So if you're looking for a partner you can count on to help you bring your build-to-rent project to life, contact Next Generation Land Company today.
