InvestRent Helps Tenants Build Equity for Home Purchase
PRESS RELEASE
HOUSTON - (Feb. 13, 2017) Houston renters have an opportunity to live the American dream by taking advantage of InvestRent, a joint program offered by LSR Communities and Houston-based developer and builder, Surge Homes. InvestRent is an incentive credit that builds equity by applying a portion of the rent from an LSR lease toward the purchase of a new Surge Homes residence.
Available to those signing a new lease or current tenants renewing a lease with any one of the six LSR apartment communities in Houston, InvestRent will provide an equity certificate good for 25 percent of the amount paid in rent up to a maximum of $5,000 that can be applied toward the purchase of a new Surge Homes condominium, townhome or single-family home.
The objective of InvestRent is to assist Houston renters who want to achieve homeownership. "We understand that many people hope to own a home one day, but may not believe they are quite ready," said Ben Lemieux, co-owner of Surge Homes and president of LSR Communities. "The InvestRent program aims to help our renters seamlessly move from one great property to another when the time is right for them to transition from renting to owning."
The equity credit earned through the InvestRent program is only applicable to new condominiums, townhomes or single-family homes for sale by Surge Homes, whose homes are built with the highest quality materials and located throughout Houston’s Inner Loop in highly desirable areas such as the Heights, Midtown, Upper Kirby and the Museum District. Included with each home is the Surge Homes Quality Assurance Program that includes a 10-year transferable Home Buyers Warranty and a Master Insurance Program guaranteeing construction for the duration of the 10-year warranty.
“We are pleased to offer the InvestRent program with LSR Communities,” said Louis Conrad, co-owner of Surge Homes. “Homeownership is an investment in your future and we all know that accumulating the down payment necessary to buy a home is one of the biggest barriers while people are renting so this program is a real benefit.”
Like LSR Communities’ rentals, Surge Homes' condominiums, townhomes and single-family homes offer exceptional value at an affordable price. A common benefit of Surge Homes’ developments and LSR Communities’ apartments is that their properties are conveniently located within a short drive or walk of Houston's most sought-after restaurants, shops and entertainment venues.
To take advantage of the InvestRent program, future residents should contact the management team at any of LSR Communities property in Houston. Each tenant must fulfill the requirements of their lease to receive program benefits. For more information on LSR apartment communities, visit www.lsrcommunities.com.
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About LSR Communities
With multiple communities in Houston, Texas, in addition to several apartment properties in the Palm Beach County, Florida, area, LSR Communities deliver competitive services and amenities to their tenants. Each community is in a high-energy neighborhood while still providing a world of sanctum and relaxation within its gates.
About Surge Homes®
Surge Homes, voted Houston's 2016 Developer of the Year by the Agents' Choice Awards, is a residential real estate developer and builder committed to providing brand new homes in nine communities that feature stunning architecture and cutting-edge interior designs in and around Houston’s urban core. They were one of five nominees for Homebuilding Innovator of the Year in Construction Dive’s 2016 Dive Awards. From land development and construction to sales and marketing, Surge Homes is involved in every aspect of creating these new homes, located in the most desirable inner city areas. Louis Conrad and Ben Lemieux, co-owners, and David Modlin, vice president of development and construction, each bring more than 28 years of experience in real estate development, management, and consulting. Their previous developments total more than 4,000 homes and include master-planned communities, houses, and condominiums throughout the U.S. and Canada.
