![]() ![]() “A Cinch new home construction warranty is purchased at closing and covers the property for mechanical breakdowns for major systems and appliances for years two through four of home ownership.” “Home warranties for BTR units are a great investment for community developers,” said Adam Brown, Vice President at Cinch Home Services. As a safety net, BTR community developers should consider investing in a home warranty product to effectively manage these costs. ![]() Universally, one of the biggest challenges for investors in rental properties is typical repairs and maintenance items, estimated to be up to 15% of the rental value of the unit. Seniors are typically downsizing in favor of single-story homes, community amenities and easy maintenance. Similarly, BTR appeals to seniors because it allows for their equity to be cashed out while simultaneously upgrading their home’s features and surroundings. The millennial household is less interested in taking care of a home than previous generations, and more interested in having the time to pursue other interests. Research shows that more millennials are choosing to rent homes because it allows them greater flexibility and more opportunity to enjoy their lives without many of the typical burdens of home ownership. Many new investors are understanding the appeal as well. BTR appeals to a broad range of renter demographics that are looking for an improved living experience. Renters in many markets are taking advantage of the rising number of Build to Rent (BTR) Communities. Home Warranties are a Great Investment for Community Developers A Home Warranty Solution For Build To Rent Communities ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |