Are you tossing around the idea of looking for a new apartment? Well listen up! If you are seriously considering signing a new lease elsewhere, there are some important factors of moving when searching for your new home. One of the first questions you may be asking yourself “is there an ideal season to move?” or “how can I get the best rates?” Well, those maybe difficult questions seeming there are many factors that play into your apartment search. Consider and absorb all the factors that will make your move as easy as possible. The most important factor is to make sure your family is in a space where you feel most comfortable.
Consider The Seasons: The busiest time for movers, apartment communities, and apartment managers are during the months of May-September when college grads are moving out and establishing a permanent residence and grade schools are out for vacation. Pleasant weather of the spring and summer makes a move easier on renters when they are scouting for apartments and packing up boxes into the moving van. The spring/summer possess higher rental turnover for apartment managers/communities-hence more available units for you. If you are looking to save money on a rental, the winter months may be a better option.
Study The Supply & Demand: The spring/summer months are when the demand for units are at its highest, so prices will be at their peak-leaving little room for negotiation. On the contrary, if you are moving during the colder season when demand is typically low, you may be able to sway the leasing agent in a price that you both can benefit. Supply>Demand = Better Deal!
Know The Market: As mentioned before, the market and supply/demand curve is a good insight on how much to pay for rent. According to Hart Research Associates survey of 2013, “54% of Americans believe that renting has become more appealing than home ownership.” (Niccole Shreck, US News Money) With these statistics, they can definitely influence the price of rent on a unit.
Ask About The Time On Market: If the unit you are viewing has been on the market for a while, you may be able to negotiate a good offer.
Pick The Right Neighborhood: When choosing your next apartment, you want to consider the neighborhood in which your apartment resides. Is it safe? Does it have a neighborhood watch? Are there restaurants and stores nearby? All these are influential to where you will live. Pick a location that meets you and your family’s needs.
Research Your Moving Company: When you pick out movers who will handle all of your belongings, make sure you check out all reliability reviews and credit ratings. When you land on movers you want to hire, schedule your move appointment well in advanced – 6 weeks at the latest.