Development leaders: Build-to-rent outlook positive on First Coast - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 599. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines