Development leaders: Build-to-rent outlook positive on First Coast
But with interest rate increases in the past year, that high-growth market is in a"wait and see" mode right now, according to Southern Impression Homes owner Chris Funk.
"There are a lot of people who choose to rent," Funk said."They may not want to own anything, but they want to live in a house. Giving these options outside of rental properties is a trend that's being well-received by the market and the tenants." "A year ago, you could pick a lot, pick one of your floor plans, put it up. Put a tenant in it and everything works," Funk said."Today, we're having to work a lot harder at underwriting. Which means we're being more selective about the models.
He said the construction side of build-to-rent isn't largely different than building a regular subdivision. Egger said a focus on amenities follows the trend that apartments have undergone. He said there will always be a market for people who are afraid to buy traditional single-family homes, a tenant market that build-to-rent taps into.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Coast Guard tracking Russian ‘intelligence gathering ship’ off Hawaii coastA ship being tracked off Hawaii’s coast is believed to be a Russian intelligence vessel, the US Coast Guard said on Wednesday.
Read more »
US Coast Guard tracking Russian 'intelligence gathering ship' off Hawaii coastThe Coast Guard has been tracking a Russian vessel 'believed to be an intelligence gathering ship' off the coast of Hawaii in recent weeks, officials said Wednesday.
Read more »
Coast Guard monitoring suspected Russian intelligence vessel off Hawaiian coastThe U.S. Coast Guard is tracking a vessel it suspects to be a Russian intelligence-gathering spy off the coast of the Hawaiian islands amid tensions over the Kremlin’s war in Ukraine.
Read more »
US Coast Guard tracking suspected Russian 'intelligence gathering ship' off coast of HawaiiWhile the appearance of a Russian surveillance ship along the U.S. coastline is not unusual, this one has attracted more attention because of heightened tensions between the U.S. and Russia over Moscow's invasion of Ukraine and veiled threats to employ nuclear weapons.
Read more »
US Coast Guard tracking suspected Russian 'intelligence gathering ship' off coast of HawaiiWhile the appearance of a Russian surveillance ship along the U.S. coastline is not unusual, this one has attracted more attention because of heightened tensions between the U.S. and Russia over Moscow's invasion of Ukraine and veiled threats to employ nuclear weapons.
Read more »