Customers looking for a new home now have more choice, but do they know it?
With national growth of 20% in the build to rent market last year, there are amazing developments now available that can provide quality, security and confidence to customers.
However, from a survey that Love to Rent carried out last year it was revealed that 59% of the British public had not heard of the term ‘Build to Rent’ and of those who had heard of the term (38%), less than a quarter felt they knew what it meant.
We have seen a massive amount of work carried out within the industry on; how to deliver build to rent homes, the services, the professional management, the fantastic community and well-being benefits that they bring. Costs, programmes, new inventory technology, leasing apps, adapting to new environments have all been considered but the one thing that is missing, the last piece of the jigsaw, is making sure that customers are aware of this additional choice.
Perception of renting to customers is still surrounded by the concept of not being able to make it feel like home. With strict rules on decorating and not having pets, and the uncertainty of how secure the tenancy is, renting is still seen as a lesser option. Education and promotion of these quality rental homes is much needed so that customers can feel secure, with flexible length tenancies, feel at home, by decorating and having a pet if they want to and feel confident that their home will be professionally managed and maintained continuously, along with embracing a flexible, fluid lifestyle if that is their choice.
Organisations have spent time and money developing fantastic brands, that have great presence in the areas they are based, but what about the customers who don’t know the brand name and just search for ‘rent’? - all of this great work and reputation is then in a sea of buy to let properties and the significant differentiating benefits of build to rent homes are lost.
These new homes and communities are different, they need a marketplace of their own. To be recognised as an additional choice and not diluted by perception and lack of understanding.
Love to Rent is an aggregator website, whose creation came from a very true realisation that the traditional property portals do not differentiate between the institutional build to rent product and the buy to let and other private rented sector homes. It is all about giving customers choice, helping them explore the many unique benefits that build to rent homes have to offer, all in one place with the assurance that only quality, professionally managed properties are marketed on the site.
We are committed to raising the profile of the build to rent market and indeed called for a Minister for Renting at the end of last year, which we continue to pursue. With award winning CRM software powering the granular data collection and workflows we collect real-time data that can help inform future developments, ensuring the best form of housing is delivered in correct locations with services that customers want.
It's an easy to use portal that helps customers find exactly what they are looking for, whether that is a lively, sociable community, great services, a retirement complex or the chance to downsize and have a flexible lifestyle to enjoy.
LoveToRent.co.uk is the missing piece of the jigsaw for the build to rent market.