More Families Looking For Build-to-Rent Homes in Texas
The real estate market is heating up all over the U.S. and for many families they would rather live in the suburbs than in an apartment in the city, even if they are renting.
We saw this shift in living space trends change throughout the pandemic as more people looked for bigger spaces, and remote working enable them to move.
In Texas they are seeing a high number of build to rent projects already in demand and the market is growing.
There are thousands of homes already planned for construction in some Texas build to rent communities.
What is build to rent housing?
For some families it is just going to make more sense to rent, and the build to rent demand is growing these days as people look for a way to get what they want which is a roof over their head for themselves and their families.
In some of those build to rent circumstances the renter will be able to choose a home, then have it be paid for, and be able to rent it from the buyer with a potential option to buy it later on with priority too.
The build to rent communities are going to give renters a chance to have the home of their dreams but be able to rent it and live in that experience of home ownership. It is no wonder that the demand for these projects is surging and will continue to see demand as more people find out about it and it comes to new areas that need this all over the country.
Austin, Texas already has one of the biggest build to rent markets and they can be found in other Texas areas too. It might not be much longer before this idea really starts to catch on and we see more of this around the U.S. and perhaps elsewhere in the world too.
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Sources:
https://www.nbcdfw.com/news/business/demand-for-rentals-and-build-to-rent-housing-grows-in-texas-developers-say/2912430/
https://www.houstonchronicle.com/business/article/Build-to-rent-home-communities-are-flourishing-in-16137108.php
https://www.bizjournals.com/austin/news/2022/02/04/build-to-rent-market-size.html
@tipu curate
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Unless there is an option to but then it's only going to cost you money in the long run.
Rent is the greatest waste of money that most people ever have in their life and buying a house should be the number 1 priority.
At least if you buy it then all of the money that you pay is going back towards your pockets over time.
Either rent it out or sell it to get a return on your investment but paying rent to somebody else is dead money.
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owning isn't for everyone, especially for those who like to be mobile and move frequently, or who don't want the hassle of maintenance,.. owning also doesn't guarantee you will be able to make your payments and many have and could lose their homes and then as you say you 'end up with nothing' anyways even after paying for X amount of time,... when you rent you aren't wasting money at all in that you are paying for a service in a sense and that service is a roof over your head. It isn't like you are getting nothing in return for your money.
It's not for everybody but if you can do it in my opinion then you should.
Even if you want to move at some point you can rent to other people that will pay your mortgage for you or sell to get your money back.
Rent money is dead money when you are paying for a service that cost more than the alternative.
it might be different in your country at the moment but over here it would cost 1500 - 2000 euros per month to rent a 4 bed house.
The mortgage on that house would be about 1000 Euros.
By buying you are paying less than rent every month and if you sell then you can get that money back from the sale. Or rent it out for 2000 and pay the mortgage while still having a profit every month.
It's a no brainer if you can put together the deposit and get that first house bought.
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More folks are renting everything. Build to rent does not surprise me. We are fast becoming a two class society, as the middle class is disappearing. That is not healthy for a culture.