Did you know more rental residents live in single-family homes than in apartments, according to the National Multifamily Housing Council? Historically, real estate investors would buy houses and turn them into rental properties. Those houses, scattered throughout communities, often have “mom and pop” landlords. But now, a significant trend has emerged – building brand new homes, often entire neighborhoods of brand-new homes, expressly to rent the houses.
Built-to-Rent (BTR) accounted for 49,000 housing starts in 2020, according to the Census Bureau and Harvard University’s Joint Center for Housing Studies. The players include local home builders building and managing their portfolio of rental properties; land developers designing and managing new rental home neighborhoods wherein they hire local builders to construct the homes; and investors collaborating with both developers and builders to create communities of rental homes under professional management. Further fueling this movement, national (single-family) builders and large multi-family (e.g., apartment) builders, have entered the BTR market.
BTR already accounts for 4% of single-family housing starts, and is growing
As opposed to individual infill BTR opportunities, Build-to-Rent neighborhoods typically offer amenities on par with what new home buyers find in comparable for-sale communities. Such amenities, coupled with the desire for more space, attached garages, and no overhead neighbors, are attracting a cross-section of households. Childless renters are more found in multifamily dwellings, whereas families with children are much more likely to rent single-family homes. The realities COVID-19 ushered in for working from home liberated many people from the necessity to work in traditional office buildings. And the idea of leasing, paying for the use of (rather than owning) “new” made popular in automotive circles, has become a mindset for many
The 1642 sq. ft. Teglia Place is an efficient BTR design with amenities including its rear foyer entry and laundry connection to the Suite
An alternate layout (included) provides secondary bedroom walk-in closets instead of the ½-bath and walk-up closets.
Economics plays a key factor in the viability of BTR neighborhoods. While new for-sale homes come in all sizes and price points, there is a much more defined ceiling in terms of what most renters can afford. Currently, value-engineered, three-bedroom homes, approximately 2,000 square feet or less are most popular for BTR, and typically 45-feet wide or narrower. Buyers and renters alike are attracted to many of the same home design features and solutions. But interestingly, product selections differ somewhat in BTR houses. Exterior products, from roofing to siding to decks, as well as interior choices of flooring and other surfaces are looked at with an eye towards both increased longevity and lower maintenance in new BTR homes.
In our next newsletter, we dive into why renters prefer new BTR homes, followed by part 3 of this series, BTR advantages for home builders.
Photo: <a href='https://www.freepik.com/photos/people'>People photo created by yanalya - www.freepik.com</a>
Current Dir: /var/www/designbasics/
[DIR] .cache [ delete | rename ]
[DIR] .local [ delete | rename ]
[FILE] .mysql_history [ edit | delete | rename ]
[DIR] .ssh [ delete | rename ]
[FILE] index.php [ edit | delete | rename ]
[FILE] license.txt [ edit | delete | rename ]
[FILE] readme.html [ edit | delete | rename ]
[FILE] wp-activate.php [ edit | delete | rename ]
[DIR] wp-admin [ delete | rename ]
[FILE] wp-blog-header.php [ edit | delete | rename ]
[FILE] wp-comments-post.php [ edit | delete | rename ]
[FILE] wp-config-sample.php [ edit | delete | rename ]
[FILE] wp-config.php [ edit | delete | rename ]
[DIR] wp-content [ delete | rename ]
[FILE] wp-cron.php [ edit | delete | rename ]
[DIR] wp-includes [ delete | rename ]
[FILE] wp-links-opml.php [ edit | delete | rename ]
[FILE] wp-load.php [ edit | delete | rename ]
[FILE] wp-login.php [ edit | delete | rename ]
[FILE] wp-mail.php [ edit | delete | rename ]
[FILE] wp-settings.php [ edit | delete | rename ]
[FILE] wp-signup.php [ edit | delete | rename ]
[FILE] wp-trackback.php [ edit | delete | rename ]
[FILE] xmlrpc.php [ edit | delete | rename ]
Viewing: /var/www/designbasics/wp-activate.php
<?php
/**
* Confirms that the activation key that is sent in an email after a user signs
* up for a new site matches the key for that user and then displays confirmation.
*
* @package WordPress
*/
define( 'WP_INSTALLING', true );
/** Sets up the WordPress Environment. */
require __DIR__ . '/wp-load.php';
require __DIR__ . '/wp-blog-header.php';
if ( ! is_multisite() ) {
wp_redirect( wp_registration_url() );
die();
}
$valid_error_codes = array( 'already_active', 'blog_taken' );
list( $activate_path ) = explode( '?', wp_unslash( $_SERVER['REQUEST_URI'] ) );
$activate_cookie = 'wp-activate-' . COOKIEHASH;
$key = '';
$result = null;
if ( isset( $_GET['key'] ) && isset( $_POST['key'] ) && $_GET['key'] !== $_POST['key'] ) {
wp_die( __( 'A key value mismatch has been detected. Please follow the link provided in your activation email.' ), __( 'An error occurred during the activation' ), 400 );
} elseif ( ! empty( $_GET['key'] ) ) {
$key = $_GET['key'];
} elseif ( ! empty( $_POST['key'] ) ) {
$key = $_POST['key'];
}
if ( $key ) {
$redirect_url = remove_query_arg( 'key' );
if ( remove_query_arg( false ) !== $redirect_url ) {
setcookie( $activate_cookie, $key, 0, $activate_path, COOKIE_DOMAIN, is_ssl(), true );
wp_safe_redirect( $redirect_url );
exit;
} else {
$result = wpmu_activate_signup( $key );
}
}
if ( null === $result && isset( $_COOKIE[ $activate_cookie ] ) ) {
$key = $_COOKIE[ $activate_cookie ];
$result = wpmu_activate_signup( $key );
setcookie( $activate_cookie, ' ', time() - YEAR_IN_SECONDS, $activate_path, COOKIE_DOMAIN, is_ssl(), true );
}
if ( null === $result || ( is_wp_error( $result ) && 'invalid_key' === $result->get_error_code() ) ) {
status_header( 404 );
} elseif ( is_wp_error( $result ) ) {
$error_code = $result->get_error_code();
if ( ! in_array( $error_code, $valid_error_codes, true ) ) {
status_header( 400 );
}
}
nocache_headers();
if ( is_object( $wp_object_cache ) ) {
$wp_object_cache->cache_enabled = false;
}
// Fix for page title.
$wp_query->is_404 = false;
/**
* Fires before the Site Activation page is loaded.
*
* @since 3.0.0
*/
do_action( 'activate_header' );
/**
* Adds an action hook specific to this page.
*
* Fires on {@see 'wp_head'}.
*
* @since MU (3.0.0)
*/
function do_activate_header() {
/**
* Fires within the `<head>` section of the Site Activation page.
*
* Fires on the {@see 'wp_head'} action.
*
* @since 3.0.0
*/
do_action( 'activate_wp_head' );
}
add_action( 'wp_head', 'do_activate_header' );
/**
* Loads styles specific to this page.
*
* @since MU (3.0.0)
*/
function wpmu_activate_stylesheet() {
?>
<style type="text/css">
.wp-activate-container { width: 90%; margin: 0 auto; }
.wp-activate-container form { margin-top: 2em; }
#submit, #key { width: 100%; font-size: 24px; box-sizing: border-box; }
#language { margin-top: 0.5em; }
.wp-activate-container .error { background: #f66; color: #333; }
span.h3 { padding: 0 8px; font-size: 1.3em; font-weight: 600; }
</style>
<?php
}
add_action( 'wp_head', 'wpmu_activate_stylesheet' );
add_action( 'wp_head', 'wp_strict_cross_origin_referrer' );
add_filter( 'wp_robots', 'wp_robots_sensitive_page' );
get_header( 'wp-activate' );
$blog_details = get_site();
?>
<div id="signup-content" class="widecolumn">
<div class="wp-activate-container">
<?php if ( ! $key ) { ?>
<h2><?php _e( 'Activation Key Required' ); ?></h2>
<form name="activateform" id="activateform" method="post" action="<?php echo esc_url( network_site_url( $blog_details->path . 'wp-activate.php' ) ); ?>">
<p>
<label for="key"><?php _e( 'Activation Key:' ); ?></label>
<br /><input type="text" name="key" id="key" value="" size="50" autofocus="autofocus" />
</p>
<p class="submit">
<input id="submit" type="submit" name="Submit" class="submit" value="<?php esc_attr_e( 'Activate' ); ?>" />
</p>
</form>
<?php
} else {
if ( is_wp_error( $result ) && in_array( $result->get_error_code(), $valid_error_codes, true ) ) {
$signup = $result->get_error_data();
?>
<h2><?php _e( 'Your account is now active!' ); ?></h2>
<?php
echo '<p class="lead-in">';
if ( '' === $signup->domain . $signup->path ) {
printf(
/* translators: 1: Login URL, 2: Username, 3: User email address, 4: Lost password URL. */
__( 'Your account has been activated. You may now <a href="%1$s">log in</a> to the site using your chosen username of “%2$s”. Please check your email inbox at %3$s for your password and login instructions. If you do not receive an email, please check your junk or spam folder. If you still do not receive an email within an hour, you can <a href="%4$s">reset your password</a>.' ),
esc_url( network_site_url( $blog_details->path . 'wp-login.php', 'login' ) ),
esc_html( $signup->user_login ),
esc_html( $signup->user_email ),
esc_url( wp_lostpassword_url() )
);
} else {
printf(
/* translators: 1: Site URL, 2: Username, 3: User email address, 4: Lost password URL. */
__( 'Your site at %1$s is active. You may now log in to your site using your chosen username of “%2$s”. Please check your email inbox at %3$s for your password and login instructions. If you do not receive an email, please check your junk or spam folder. If you still do not receive an email within an hour, you can <a href="%4$s">reset your password</a>.' ),
sprintf( '<a href="http://%1$s">%1$s</a>', esc_url( $signup->domain . $blog_details->path ) ),
esc_html( $signup->user_login ),
esc_html( $signup->user_email ),
esc_url( wp_lostpassword_url() )
);
}
echo '</p>';
} elseif ( null === $result || is_wp_error( $result ) ) {
?>
<h2><?php _e( 'An error occurred during the activation' ); ?></h2>
<?php if ( is_wp_error( $result ) ) : ?>
<p><?php echo esc_html( $result->get_error_message() ); ?></p>
<?php endif; ?>
<?php
} else {
$url = isset( $result['blog_id'] ) ? esc_url( get_home_url( (int) $result['blog_id'] ) ) : '';
$user = get_userdata( (int) $result['user_id'] );
?>
<h2><?php _e( 'Your account is now active!' ); ?></h2>
<div id="signup-welcome">
<p><span class="h3"><?php _e( 'Username:' ); ?></span> <?php echo esc_html( $user->user_login ); ?></p>
<p><span class="h3"><?php _e( 'Password:' ); ?></span> <?php echo esc_html( $result['password'] ); ?></p>
</div>
<?php
if ( $url && network_home_url( '', 'http' ) !== $url ) :
switch_to_blog( (int) $result['blog_id'] );
$login_url = wp_login_url();
restore_current_blog();
?>
<p class="view">
<?php
/* translators: 1: Site URL, 2: Login URL. */
printf( __( 'Your account is now activated. <a href="%1$s">View your site</a> or <a href="%2$s">Log in</a>' ), esc_url( $url ), esc_url( $login_url ) );
?>
</p>
<?php else : ?>
<p class="view">
<?php
printf(
/* translators: 1: Login URL, 2: Network home URL. */
__( 'Your account is now activated. <a href="%1$s">Log in</a> or go back to the <a href="%2$s">homepage</a>.' ),
esc_url( network_site_url( $blog_details->path . 'wp-login.php', 'login' ) ),
esc_url( network_home_url( $blog_details->path ) )
);
?>
</p>
<?php
endif;
}
}
?>
</div>
</div>
<?php
get_footer( 'wp-activate' );
