Option of construction houses for affordable housing
The price of houses and low inventory has put buyers to the key. Following this high demand, more construction communities are built in the Houston region to offer an alternative. Heather Sullivan de Fox 26 joins the main director general of the Tricon Peek Road community to learn more about the advantages.
Houes – The high price of houses and lower stocks has put many buyers to the key to the real estate market. There is also a shortage of affordable housing in the Grand Houston.
The community “ building-to-lent ” offers an affordable alternative
What we know:
Following this high demand, more construction communities are built in the Houston region to offer an alternative. These are communities of houses built specifically for tenants rather than for buyers, who also generally offer the proximity of good school districts.
Houston ranks third in the United States for the rent for the rent, with 4,836 units that should be completed by 2026, according to an investigation at Bestacafe.
A new community of Build-to-lent opens in Katy
In Katy, a community built specifically for tenants rather than buyers offers an alternative to the purchase of a house. Heather Sullivan de Fox 26 spoke with Michelle Johnson with Tricon Peek Road of what these communities have to offer.
Local perspective:
Tricon Peek Road At 22851, Terrazzo Drive in Katy held its great opening, created in partnership with HHS Residential.
The Tricon Peek Road community offers houses of 3 and 4 bedrooms, garages in two cars, closed backyards, as well as maintenance services for all the necessary repairs. It is a brand new reinforcement community for the 175 single -family houses.
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These are amenities that can give tenants a lifestyle of a single -family house, without having to invest a 20% deposit which is often necessary to buy a house.
Instead, BTRs generally only require a month or two of rent and security deposits to start, a bit like renting an apartment.
The demand for accommodation has increased by 120,000 more people now live in Houston. Between 2018 and 2023, the “State of Housing” report by Kinder Institute for Urban Research 2024 revealed that the cost of a house in the Grand Houston increased by 43%.
The source: The information in this article comes from Rentcafe, Tricon Peek Road and the Kinder Institute.