What is a build to rent development?

As you may expect, the term Build to Rent is rather self-explanatory: it’s a property development that is designed with the sole intention of appealing to the rental market as opposed to long-term home ownership. Build to Rent may be making headlines now, but it’s actually been around for quite some time.

Why is rent becoming more expensive?

Rent is surging for a number of reasons, including more certainty in the job market and young people moving out on their own as pandemic restrictions end, says Nicole Bachaud, a market analyst at Zillow. Many people left cities and others moved in with family members in 2020, but that’s reversing now.

What are build rent communities?

“Build-to-Rent” (BTR) is an evolution of this trend: entire communities of single-family rentals in one professionally-managed, high-amenitized community. Build-to-Rent takes the best aspects of SFRs and upgrades the experience by developing all homes inside a professionally managed community.

Is build to rent affordable housing?

Build to rent developments can contain a range of rental levels, including affordable housing, depending on, among other things, market conditions and the operating model of the developer.

What is the cost of living in Houston TX?

Houston cost of living is 96.5

What is Apartment Rent build?

Build to Rent describes the practice of delivering purpose-built residential rental accommodation and associated amenity space that is designed with the sole purpose of being used as long-term rental accommodation and professionally owned and managed by an institutional landlord.

How does built rent work?

Depreciation for build to rent investments This is opposed to the common build-to-sell method, where a developer builds a residential development and sells the apartments to individuals to either live in or rent out as an investment.