Build-to-rent trend hits an all-time high

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With the prices of homes trending upwards, the build-to-rent homes coming on market have offered a small relief for some who are unable to purchase their own home currently. A home that would have cost $100,000 in the year 2010, would cost roughly $152,469 in today’s market. While the cost of buying a home has doubled, the average salary has not kept pace with inflation and has therefore made it difficult for prospective home buyers to sustain a safe balance between their income and expenses.

Rent-to-Own homes allow for more flexibility in housing options. Tenants are able to enjoy the perks of living in a single family home, without the headache of coming up with a large deposit, closing costs, and future maintenance costs that come along with buying and owning a home.

https://www.bizjournals.com/cincinnati/news/2024/05/02/republic-first-collapse-homeservices-settlement.html

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