Are you tired of struggling to find affordable housing in today’s market? Do you dream of owning a home but find it out of reach? You’re not alone. In a recent survey by YouGov, it was found that 60% of Americans believe that the old model of affordable housing, where 30% of income goes towards housing, is no longer feasible. With almost half of renters spending 30% or more of their income on shelter, and 19% spending over half of their take-home pay on rent, it’s no wonder that the traditional model of homeownership is shifting.
Enter build-to-rent communities. These developments, imported from the UK and gaining popularity in the US, offer a new solution to the housing crisis. Build-to-rent communities provide a mix of amenities and property management akin to suburbia, making them an attractive option for both investors and tenants. Investors benefit from stable tenants and lower turnover rates, while tenants enjoy the feel of homeownership without the burdens of property maintenance.
According to Fixr, build-to-rent communities are on the rise, with over 119,000 homes built using this model in 2022 alone. Cities like Charlotte, NC, and Jacksonville, Florida, have seen exponential growth in build-to-rent communities in recent years, catering to a younger generation that desires the stability of homeownership without the upfront cost.
At Extreme Investor Network, we understand the changing landscape of the housing market and aim to provide our readers with the latest trends and insights in the world of real estate investing. Stay tuned for more updates on build-to-rent communities and other innovative solutions to today’s housing challenges. Join our network today and be at the forefront of the real estate investment game.