Are Developers Building Neighborhoods of Rental Homes?
The rental market is slowing changing. The aging population and many Millennials do not want to buy homes, they want to rent. Rather than renting apartments, they want single-family homes in nice neighborhoods.
Within the last decade, single-family rental numbers have been soring. To meet this demand, many developers have begun constructing neighborhoods of single-family homes intended only to rent.
To attract renters, these neighborhoods have all the amenities of traditional neighborhoods but with the management of an apartment complex. Many of these neighborhoods offer pools, workout facilities, and other various amenities. Yet, similar to an apartment complex there are maintenance teams that make regular repairs, lawn companies that maintain the yards and landscaping, and a leasing team to show available homes.
These neighborhoods are also being constructed within good, quality school districts to appeal to the Millennials with families. Yet, these neighborhoods are rarely constructed in areas where the value of land is extremely high. In certain areas of California, it would be difficult to buy the land, build the neighborhood, and still generate a sustainable profit. As of now, common states were these neighborhoods are being constructed include Nevada and Texas.
The future of neighborhoods built solely for renters is bright. Whether renters do not want to buy a home due to their credit score or the difficulties of securing a mortgage, these neighborhoods will provide a solution.
By Anna Hellman
-
Articles
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- August 2015
- June 2015
- May 2015
- March 2015
- November 2014
- March 2014
- October 2013
- September 2013
- August 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- January 2012
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- February 2011
-
Meta