Today, a significant percentage of the world’s total population are renters. This can be attributed to the fact that the youth take up more than 50% of the total population. Also, young people typically tend to be adventurous. They would rather look for a job elsewhere than stay in their hometown. Our friends at Hattiesburg Apartments did a post detailing everything involved in the rigorous process of looking for an affordable apartment for rent. Read the excerpt below and click on the green button to view the entire post.
The vast majority of Americans have been renters at one point or another. In fact, today at least 1/3 of Americans are currently renting their homes. This means that most of us have gone through the long and tenuous process of searching for an apartment for rent. With rental prices on the rise, it is imperative to enter into this search with the valuable information of knowing how, when and where to find the most affordable apartment for rent in your area. Here are 6 tips that could help you on your way.
Know Your Season
Learning the popular move times in your area is integral to making the search for an apartment to rent easy and affordable. Hunting for your property during peak move times is sure to bring you face to face with rental prices which have been driven up due to increased demand. Research your areas “off-season” by considering the following:
- Are you in an area that experiences inclement weather? People tend to avoid moving during these times. This could be the perfect time for you to pounce on the apartment that is just right for you.
- What is your proximity to any universities? Demand is sure to fluctuate with the school year. In fact, these areas typically experience the highest turnover rate in between semesters. Knowing this can help you to avoid fighting with a million other people for the same property.
It becomes easier to seek out properties during “off” seasons when you are well informed. Landlords are much more likely to cut you a deal during these times.
Consider New Construction
For some, this may seem counterproductive, but searching for new construction rentals has many perks. For one thing, new complexes have many more apartments for rent and they are motivated to get them filled as quickly as possible. Due to the amount of rentals, owners are also more flexible in the negotiations they are able and willing to make. The majority of new construction complexes will typically offer the first month of rent free and oftentimes may even throw in additional bonuses such as free parking spaces or greater amenities. Depending on your personal budget, these things may make the new construction option work well for you.
When starting the search for an apartment to rent, it is easy to get caught in the trap of becoming hyper-focused on the exact details of what you are looking for. Being flexible with your search is far more likely to produce quick and affordable results. First, consider expanding your search area. Just including an extra mile in each direction could offer a much higher availability of properties without greatly impacting your commute….