By Adam Graham | Fixr
Build-to-rent (BTR) communities or built-for-rent (BFR) homes is an area of home construction that’s popularity has remained steady over recent years with a small share of the market, but has the potential for imminent growth. Amid rising house prices and shortages, more and more homeowners are considering these purposefully built-to-rent single-family homes as an alternative option to buying as the outlook is a favorable one for this sector.
We surveyed esteemed experts in the home construction industry to find out key insights into what constitutes a build-to-rent home, and what they believe the industry can expect going forward.
Who Is Driving the Demand for BTR Communities?
When considering which household demographics are most likely to opt to live in a build-to-rent home, 44% of respondents believe that it is a couple with kids. This makes sense when considering that one of the main appeals of this type of construction is the extra space gained compared to that of a condo or multi-unit property, for example.