Thursday, February 9, 2017

A New Type of Housing Community for Renters


A new type of community for renters is breaking ground in the suburbs of Austin, the Austin Business Journal reports.

The communities will be set up like apartments, but will feature free-standing single family homes for rent rather than apartments.  

Constructed by AHV Communities, one community is called Legacy and will have 83 homes in Pflugerville. The other is in Georgetown and is named Rivers Edge.  The houses at both communities will be three or four bedrooms and between 1,440 square feet and 1,882 square feet.  The first units are forecast to be ready by late summer.

Rent will start at more than $1,600, which is similar to new two and three bedroom apartments in the neighborhood with the extra benefit of being a three-bedroom home with an attached two car garage.

Legacy and Rivers Edge will operate like an apartment community, with home and lawn maintenance taken care of by the community’s management.  The communities will have shared amenities like a swimming pool, a fitness center, and a dog park.  The homes themselves will have high-end finishes like granite counters in the kitchen, energy-efficient appliances, and LED lighting.

The company began building the single family rental communities after the 2008 financial crisis.  The demand for the combination of the convenience of an apartment community with the space of a single-family home is very popular at its community near San Antonio, the only other one in Texas.

The company plans more projects for New Braunfels and San Antonio and is looking to do more projects around Austin as well.  

The company places new developments in areas with a healthy rental market, jobs, good schools, and family friendly attractions nearby.  

AHV has had a lot of success with their unique model in areas where normally neighbors and government would be against apartments.  However, by building single-family homes, they are able to get approval.  

Need help finding an apartment that works for you and your family?  A Plus Apartments can help!  Give us a call today at 512-231-1400.