Real estate company Wan Bridge is working on construction for its new waterfront community of build-to-rent homes on Lake Conroe and will have some homes ready by next month.
The new neighborhood — which will be fully constructed by sometime next year — includes 140 duplexes and 169 homes, each with their own backyard and landscaped front yard. Designed for single families who prefer renting rather than owning a home, Lakeside Conroe homes include three- and four-bedroom options.
CEO of Wan Bridge Ting Qiao said in a release that the rent concept “fills an important niche” for those who want the benefits of living in a home without the responsibilities that come with owning one. Home and landscaping maintenance will be provided by Wan Bridge’s on-site property management team, TBD Management.
“We do everything in our five star service, from replacing your light bulb to your AC filter on a quarterly basis,” Lisa Kennedy, regional manager of TBD Management, said.
Wan Bridge held a ribbon cutting ceremony Tuesday for the new property to bring interested renters into the community and invite local chambers, Kennedy said. The developers also made a $1,000 check donation to the Montgomery ISD Foundation at the ceremony.
“One of the rewarding parts of our job is to be able to sponsor and support the children of our neighborhoods and give back to the school,” she said.
While this is Wan Bridge’s first development in Conroe, the company does have two other Texas build-to-rent communities in Humble and Galveston. Developments like these have been cropping up all over Houston and especially in the suburbs, with more than 7,500 build-to-rent homes across the area, according to real estate advisory firm RCLCO.
Kennedy said the costs associated with owning and getting supplies for a home makes renting more appealing to some families.
“Being able to walk away and make other big plans that you have in life and you’re not tied down, renting gives you that freedom,” she said.
Many of these built-to-rent communities feature amenities that make them appealing to families wanting to rent long-term, and Lakeside Conroe is no different. The neighborhood features several dog parks, walking and biking trails, a boat dock and cabana.
Randy Hutchinson, who manages construction on the site, said services like the amenities and maintenance service offer a sense of community that aren’t usually available to renters.
“They’re really tired of the rigmarole of apartment life,” Hutchinson said of the interested renters. “They want a sense of community, they want to live in a neighborhood.”