The density of units in build-to-rent communities offsets the higher costs required to purchase land.
According to ReBusiness, the BTR sector offers the single-family lifestyle experience without the commitment of a 30- or 15-year mortgage. This allows many young professionals to maintain mobility and easily move for job opportunities or to optimize their children’s school district.
In many cases, these young professionals have steady, high-paying jobs, but also have high levels of student loan debt that haven’t allowed them to save enough for a down payment. What’s more, quickly rising mortgage rates in recent months are further damaging their ability to buy a home.