Build To Rent: Exploring The Growing Popularity

By: Cliq Apartments Team

17 DEC 2024

• Rental Guides
• Apartments

 

Build to Rent (BTR) is an innovative property model transforming the UK housing market. Tailored specifically for renters, BTR properties are professionally managed, high-quality rental homes offering a range of modern amenities and services. With its emphasis on community living, convenience, and tenant satisfaction, BTR has gained significant traction in urban centers across the UK.

 

Key Features of Build to Rent Properties 

Purpose-Built for Renting: Unlike traditional buy-to-let homes, BTR developments are specifically designed for long-term tenants, offering functionality and comfort. 

High-Quality Amenities: Common features include on-site gyms, co-working spaces, resident lounges, and rooftop gardens. 

Flexible Tenancies: Tenants can choose lease terms that suit their needs, from short-term options to multi-year agreements. 

All-Inclusive Living: Many BTR schemes include utilities, Wi-Fi, and even maintenance in the rent, simplifying budgeting. 

Professional Management: Properties are managed by dedicated teams to ensure a seamless rental experience.

 

Why is Build to Rent Gaining Popularity in the UK? 

Demand for Rental Homes: With increasing property prices, renting is a more viable option for many. BTR caters to this growing demographic. 

Urban Living: BTR developments are often located in prime city areas, offering proximity to workplaces, transport, and entertainment. 

Community Living: Designed with shared spaces and community events, BTR fosters social interaction, which appeals to modern renters. 

Longevity: Long-term leases provide stability for tenants seeking a permanent rental home.

 

Who Benefits from Build to Rent? 

Young Professionals: Offering convenience, flexible terms, and proximity to workplaces. 

Families: With spacious units, child-friendly amenities, and long-term lease options. 

Students and Graduates: Providing affordable living in vibrant, well-connected areas. 

Downsizers: Catering to retirees looking for low-maintenance housing with modern comforts.

 

 

Examples of Build to Rent in the UK 

Unite Students: Focused on student accommodation with shared and private living spaces. 

Get Living: Operates large-scale developments like East Village, London. 

Grainger PLC: A leading BTR provider offering high-quality rental homes in cities like Manchester, Birmingham, and London.

 

Advantages of Build to Rent for Tenants 

Ease of Living: Hassle-free services and on-site amenities make renting straightforward. 

Community Engagement: Events and shared spaces encourage connections among residents. 

Consistency: Institutional ownership ensures high standards across all properties. 

Sustainability: Many BTR schemes prioritize eco-friendly designs and practices.

 

Challenges of Build to Rent 

Premium Pricing: The added amenities and services often come at a higher cost. 

Limited Availability: BTR is concentrated in larger cities, with limited options in rural areas. 

Standardization: While consistent, BTR homes may lack the individuality of privately owned rentals.

 

Is Build to Rent Right for You?

If you value convenience, community, and high-quality services, Build to Rent could be the perfect choice. However, it's essential to weigh the premium costs against the benefits.