There’s no doubt that build-to-rent is one of the hottest trends in real estate. More and more people are choosing to rent, rather than buy, and this has led to a huge increase in demand for rental properties. In this blog post, we will discuss what build-to-rent is, and why it’s such a hot trend right now. We’ll also take a look at some of the benefits that come with investing in this type of property. So if you’re thinking about getting into the real estate market, be sure to read on!
What is build-to-rent?
Simply put, build-to-rent (BTR) is a type of property that is purpose-built for renters. This means that it is designed and constructed with the specific needs of renters in mind. BTR properties are usually large developments that consist of multiple units, such as apartments or townhomes. They often include a variety of amenities, such as gyms, pools, and communal areas. And they are managed by professional property management companies who take care of everything from maintenance to marketing.
Why is build-to-rent so popular?
There are a few reasons why build-to-rent has become so popular in recent years. Firstly, the rise of the sharing economy has made renting more popular than ever. With companies like Airbnb and Uber, people are used to the idea of renting everything from cars to vacation homes. This has made them more open to the idea of renting their primary residence as well.
Secondly, the increasing cost of buying a home has made rental properties more attractive. In many markets, it is simply not possible for first-time buyers to purchase a property outright. And even if they could, they would likely be left with very little money after making the down payment. Renting provides a much more affordable option, and one that doesn’t require such a large upfront investment.
Lastly, build-to-rent properties offer a number of benefits that you simply can’t get with a traditional rental. For one, they often include a wide range of amenities that make life more convenient and enjoyable. They also tend to be located in desirable areas, such as near public transportation or in walkable neighborhoods. And because they are professionally managed, you can be sure that your experience as a tenant will be positive one.
These are just a few of the reasons why build-to-rent is such a hot trend right now. If you’re thinking about getting into the real estate market, this is definitely something you should consider!
If you’re thinking about investing in rental property, build-to-rent is definitely something you should consider! BTR properties offer a number of benefits that make them attractive.