The Build to Rent Revolution: Changing the Face of UK Renting
If you've been keeping an eye on the UK property market, you've probably come across the term "Build to Rent" more than once. But what exactly is it, and why is it such a game-changer for renters and property investors alike?
Let’s explore the ins and outs of BTR, the key benefits, how it stacks up against traditional renting or buying and how we support property developers and landlords to achieve their long-term goals. Let's dive in!
What Is Build to Rent?
Imagine purpose-built developments crafted to meet the specific needs of modern renters. That's build to rent in a nutshell. These developments are designed, constructed, and managed by dedicated companies, backed by investment funds and institutional money, with a long-term vision for creating vibrant, thriving communities.
In contrast to traditional renting, where you are renting from a private landlord in properties that may have been built for various purposes, BTR homes are crafted with meticulous attention to detail with renters' well-being and lifestyle at the core. They often boast top-notch designs and layouts, cutting-edge technology, and a host of amenities that cater to today's renters. Think on-site gyms, workspaces, and outdoor communal areas!
An Essential Competitive Market
The build to rent sector has experienced rapid growth in the UK, especially within the capital. With an estimated 45% of bespoke build to rent sites located within inner London, it’s clear that the demand for BTR properties will continue growing as more people, notably young professionals, seek out aesthetically pleasing, high-quality rental properties, often with access to luxury amenities in key locations.
BTR VS Traditional Renting
Unlike many traditional private rentals, build to rent properties are purposely designed with longer tenancy periods in mind and focus on offering a high-quality experience for residents. BTR apartments are modern, energy efficient and structured with community at the heart of the build. The build to rent model offers many benefits for both landlords and residents.
For landlords, the main advantage is the security of stable income streams, with reduced void periods. Property management companies, like POD, work in partnership with landlords and developers to ensure that the building is safe, comfortable, efficiently run and a desirable community to reside.
Build to Rent properties offer a genuine alternative to traditional renting or even homeownership. Residents can enjoy professionally managed homes, complete security and comfort, typically alongside access to many private amenities, all whilst discovering a true sense of community. BTR properties commonly include many costs such as heating, water, and WiFi within the rent, helping residents avoid unexpected bills.
For those who value flexibility, convenience, and a hassle-free lifestyle, Build to Rent ticks all the boxes, allowing residents to put down roots and thrive in vibrant communities, without the long-term commitment or financial burden that comes with buying a home.
Innovative and Unique Properties
Build to rent properties offer more than just a place to live. They offer a lifestyle, complete with facilities that enhance day-to-day life. Residents can enjoy many bespoke services and recreational communal spaces, all of which differentiate these properties from many other rental options on the market. Facilities could include, but are not limited to:
Lounges
Gyms
Rooftop gardens
Workspaces and meeting rooms
Other amenity spaces
On-site concierge and management services
Build to Rent Properties and POD
With the build to rent industry evolving, POD are proactive in creating a flexible and tailored property management solution for our clients. We work alongside developers, landlords and investors to streamline a property’s management and maximise income by reducing operating costs and delivering a market-leading return in terms of customer satisfaction and asset optimisation.
Both our clients and customers are at the heart of everything we do. Our dynamic build to rent property management solution embodies this and always ensures they are the number one priority.
Why Choose POD to Manage Your BTR Property?
Put simply, we eliminate any resident stress by efficiently managing the build to rent property in which they live. Our dedicated site staff share our vision of proactive, high quality and engaging property management. With meticulous attention to detail and efficient problem-solving abilities, POD representatives are there to make life easier. Alongside this:
We offer a fully white labelled approach, to keep your brand at the forefront of the development.
We utilise integrated technology. Our tech makes the day-to-day smoother for both customer and client, including a digitised customer journey and management routines, alongside advanced building analytics.
Furthermore, our full turn-key property management services mean that we help landlords find long-term reliable tenants for their build to rent properties. We work with reputable local agents to effectively market your build, offering off-plan leasing to access an appropriate pool of prospective tenants.
Lastly, we minimise rent arrears and voids, by responding quickly to residents and delivering expert maintenance services. In turn, this always leads to high customer satisfaction rates and improves tenant retention.
Get in Touch
Build to rent is certainly a worthy investment for property developers wishing to expand their remit. If you are looking for a property management company to assist your BTR property, the POD team are here to help. For more information, simply:
Fill out our enquiry form
Email us at support@podmanagement.co.uk
Call us on 0333 577 6656
We look forward to hearing from you!