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What Renters Need to Know About Build-To-Rent Communities

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In recent years, build-to-rent communities have become increasingly popular, offering renters a new and unique option to finding a place to call home. According to this report, renting is cheaper in over 90% of states versus owning a home. This has created a rise in demand for rental properties that provide both luxury and convenience. Build-to-rent communities are filling an important niche in the housing market. In this article, we’ll dive into everything you need to know about build-to-rent communities and why they may be the perfect fit for you.

What Are Build-To-Rent Communities?

A build-to-rent community is a type of rental community where all homes are owned and managed by the same company. This means that renters do not have to deal with individual landlords or property managers, providing a more streamlined and consistent rental experience. It also means that the company is directly invested in the wellbeing of its tenants and the community’s overall appeal.

Unlike traditional rental communities, where units are often owned by different individuals or companies, build-to-rent communities are owned by a single entity. This allows for a more cohesive and renter-friendly environment, as the community is designed and managed with the renter’s needs in mind. From the layout of each home to the communal spaces, everything is planned to enhance the quality of life for residents.

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What Sets Build-To-Rent Communities Apart?

Build-to-rent communities offer a unique living experience that sets them apart from traditional rental communities. Here are some key factors that make build-to-rent communities different:

  • New Construction: Most build-to-rent communities are newly constructed, meaning that the homes are modern and up-to-date with the latest amenities and technology. This includes energy-efficient appliances, smart home features, and contemporary designs that appeal to today’s renter.
  • Amenities Galore: One of the major draws of build-to-rent communities is the abundance of amenities available to renters. These communities often offer resort-style pools, fitness centers, dog parks, and other luxury amenities that make everyday living more enjoyable. Additionally, many build-to-rent communities feature communal spaces like clubhouses and business centers that facilitate both relaxation and productivity.
  • Flexibility: Build-to-rent communities typically offer more flexible lease terms, allowing renters to choose between shorter or longer leases, depending on their needs. This is particularly advantageous for those who may be in transitional stages of life, such as starting a new job or attending graduate school.
  • Renter Friendly: As mentioned earlier, build-to-rent communities are designed with the renter in mind, offering a more streamlined and consistent rental experience. The management teams in these communities are dedicated to ensuring tenant satisfaction and are typically more responsive to renters’ needs compared to traditional landlords.

The Benefits of Living in a Build-To-Rent Community

There are numerous benefits to living in a build-to-rent community, making it an attractive option for many renters. Let’s take a look at some of the top benefits:

Maintenance-Free Living

One of the biggest perks of living in a build-to-rent community is the maintenance-free lifestyle. In traditional rental communities, renters often have to deal with individual landlords or property managers for any maintenance or repair issues. In a build-to-rent community, however, maintenance is taken care of by the community management team, freeing up renters from any added responsibilities or stress. This hands-off approach allows residents to enjoy their home without the hassle of upkeep.

High-Quality Amenities

Build-to-rent communities are known for their top-of-the-line amenities, making them an attractive option for those looking for a more luxurious living experience. These amenities are not just about luxury; they’re designed to foster a sense of well-being and community. For example, fitness centers can help residents maintain a healthy lifestyle, while community events can encourage social interaction and a sense of belonging.

Flexibility

As mentioned earlier, build-to-rent communities offer more flexibility when it comes to lease terms. This flexibility extends beyond just the length of the lease; some communities also offer options like furnished units for those who prefer not to move with a lot of belongings. Additionally, the ability to transfer within the community or to another community managed by the same company can be a significant benefit for renters who need to relocate.

Community Feel

Build-to-rent communities often have a strong sense of community, as all residents are part of the same community and are managed by the same team. This can be especially appealing for renters who are looking to build connections and relationships with their neighbors. Community events, such as holiday parties or movie nights, can help residents get to know each other and create a friendly atmosphere that’s often missing in traditional rentals.

How to Find a Build-To-Rent Community

If you’re sold on the idea of a build-to-rent community and are ready to start your search, here are some tips to help you find the perfect one:

  1. Do Your Research: Start by doing some research online to find build-to-rent communities in your desired location. Make a list of potential communities and start narrowing down your options based on your needs and preferences. Pay special attention to the types of amenities offered and the overall design of the communities.
  2. Schedule a Tour: Once you have a few top choices, schedule a tour of the communities to get a feel for the environment and amenities. This will also give you the opportunity to ask any questions you may have and get a better sense of what it would be like to live in the community. Don’t forget to observe the current residents and see if they seem happy and satisfied with their living situation.
  3. Read Reviews: Before making your final decision, be sure to read reviews of the community online. This will give you insights into the experiences of current and past residents and help you make an informed decision. Look for comments on the management’s responsiveness, the maintenance of the property, and the overall community atmosphere.renter friendly, build-to-rent communities, new construction home

Who Should Consider a Build-To-Rent Community?

A build-to-rent community may be an ideal option for you if:

  • You’re looking for a more renter-friendly and consistent rental experience. Build-to-rent communities are particularly appealing to those who have had negative experiences with traditional landlords or who are seeking a higher level of service.
  • You value convenience and a maintenance-free lifestyle. If you’re someone who is always on the go or who prefers not to deal with the hassle of home repairs, the maintenance-free aspect of these communities will be a significant draw.
  • You enjoy having access to high-quality amenities. For those who appreciate luxury features like a swimming pool, gym, or pet-friendly spaces without the commitment of owning a home, build-to-rent communities offer an ideal solution.
  • You want to live in a community with a strong sense of community and connection. Renters who are new to an area or who enjoy socializing will find the community events and shared spaces conducive to making new friends and feeling at home.
  • You’re looking for a more flexible lease term. Whether you’re in town for a short-term project, studying for a degree, or simply unsure about your long-term plans, the flexibility offered by build-to-rent communities can be very accommodating.

Takeaways

Build-to-rent communities offer renters a unique and attractive living experience. With high-quality amenities, a maintenance-free lifestyle, and a strong sense of community, it’s no wonder why these communities are growing in popularity. If you’re in the market for a new rental home, be sure to consider a build-to-rent community for a more streamlined and enjoyable living experience. As the rental market continues to evolve, build-to-rent communities are setting a new standard for what it means to rent with ease and style.

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