Naturally, in order to appeal to a specific section of the property market (i.e. those who wish to rent rather than buy), developers are custom designing BTR sites to suit prospective renter’s lifestyles.
Obviously, the properties themselves need to meet modern standards of living, and plenty actually exceed expectations if you’re willing and able to pay the rent they command, but BTR developments in many areas are going one step further than merely designing fantastic apartments.
Developers are now creating, or at least trying to create, mini communities within their developments by including features such as communal areas where people can hang out and socialise together.
Such features include the obvious and not-so obvious, from gyms to lounges and games rooms to dining spaces. In fact, many BTR developments are actually closer to hotels than homes. Tenants will even have their own concierge in some!
And the latest technology. And cleaning and laundry services.
Build-to-Rent aims to take the best aspects of Single Family Residences and apartments, and upgrades the experience by developing all properties inside a professionally managed community.
They are much more akin to traditional, gated residential neighborhoods with great community amenities and professional management without burdening residents with Rates and Charges, Body Corporate Fees, Land Taxes and repairs. Or servicing mortgage debt.”
