Build-to-rent homes are quickly becoming an attractive option for renters looking for long-term housing solutions. This type of housing provides renters with a more permanent home than traditional rental properties, as it is designed to be owned and managed by a single entity.
In this ultimate guide for beginners, we will provide an overview of what build-to-rent homes are, their types, and their benefits.
What Are Build-To-Rent Homes?
Build-to-rent homes, also known as build-to-let, are a type of residential housing that is designed, constructed, and managed specifically for rental purposes. Build-to-rent homes are a relatively new concept in the housing market and are becoming increasingly popular to meet the growing demand for rental housing.
Build-to-rent homes are typically developed by private developers and then leased to tenants. The tenants then pay monthly rent, including utilities and maintenance costs. The tenants also have the option of signing a lease agreement, which outlines the terms and conditions of the rental.
What Are the Types of Build-To-Rent Homes?
1. Single-Family Homes
Single-family homes are the most common type of build-to-rent home. These homes are typically built on a single lot and can range from one to three stories in size. They are usually two or three bedrooms, with two or three bathrooms.
Single-family homes are typically more affordable than other build-to-rent homes and are a great option for those seeking a more permanent rental option.
2. Row Homes
Row homes are a type of build-to-rent home that is typically found in densely populated urban areas. These homes are typically built in a row and are usually two or three stories in size. They typically have two or three bedrooms and two or three bathrooms. Row homes are a great option for those looking for an affordable rental option in an urban area.
3. Small Lot Homes
Small lot homes are typically built on smaller lots and are usually one or two stories in size. They typically have two or three bedrooms and two or three bathrooms. Small lot homes are a great option for those looking for an affordable rental option in a suburban area.
4. Duplexes
Duplexes are a type of build-to-rent home that consists of two units that are connected by a common wall. These homes are typically two or three stories in size and usually have two or three bedrooms and two or three bathrooms. Duplexes are a great option for those looking for an affordable rental option in a suburban or urban area.
What Are the Benefits of Build-To-Rent Homes?
1. Better Amenities
The most attractive benefit of build-to-rent homes is the amenities that come with them. Build-to-rent homes are typically designed with the tenant in mind, so they come with various features that make them more attractive than traditional housing.
For example, many build-to-rent homes come with high-end appliances, in-unit laundry facilities, and a variety of other amenities that make them more comfortable and convenient.
2. Valuable Monthly Rent
Build-to-rent homes often come with lower rental rates than traditional housing, making them more affordable for tenants. Furthermore, build-to-rent homes often come with flexible rental terms, making them more attractive for those looking for a more flexible living situation.
3. Improved Quality of Life
Finally, build-to-rent homes can offer tenants an improved quality of life. Build-to-rent homes are typically located in desirable areas and come with a variety of amenities that make them more comfortable and secure.
Furthermore, tenants can enjoy the peace of mind of knowing that their home is well-maintained and managed, as build-to-rent homes typically come with dedicated property management services.
Final Thoughts
No matter what type of build-to-rent home you are looking for, many options are available. Whether you are looking for an affordable rental option in an urban or suburban area, there will surely be a build-to-rent home that fits your needs.
If you are looking at property investment in Florida, Next Generation Land Company is an excellent choice. We are experts in developing thriving and desirable communities. Contact us today for more information.
