Predictable Maintainance and Capex Costs
Typically, new constructed homes have lower maintainance costs than existing housing stock. It is also much easier to project maintainance costs on new builds than older homes.
Everyone wants to rent a house with new, clean fixtures. In a new construction home, everything is new. Homes built now can more closely reflect current trends and demands than homes built in the past.
The lack of new housing in the American market compared to what the demand was for the last decade has created a demand for new housing. This drives appreciation opportunities.
This can be attributed to lower competition as a majority of the rental inventory out there is not housing stock.