John Burns Real Estate Consulting periodically posts tips on how to plan and run build-to-rent communities. A new set of suggests focuses on how the design of BTR properties should differ from for-sale ones.
Start with amenities. They matter, the firm says, which makes sense because they have a direct impact on lifestyle. In the past, John Burns has suggested that a BTR project doesn't need a long list of amenities. The three biggest wins in the eyes of renters are better parking, privacy, and a yard. Past that, consider add one or two only because otherwise you get into diminishing returns.
This time, the firm adds that the types of amenities vary by the dwelling structure design. For detached homes, yard and garage are important. "In single-story residential communities, a heavy amenity package helps compete with Class A multifamily," they wrote.
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