If you’re ready to move into a new place but you’re thinking of renting, it’s important to consider when you’re going to be moving so you can plan ahead and make the most of the process.
You can save extra money if you choose to move during a certain season (low season in certain states can mean nobody is moving, therefore you can score some sweet deals in rent specials and more) so you should do some research beforehand.
Dan Laufer, CEO of RentLingo.com has some expert tips to help you find the best time to rent an apartment.
“RentLingo.com is the largest apartment expert review site and we see lots of data on searching trends as well as work directly with many renters, multifamily properties and apartment locators… The best time to search for an apartment is generally when fewer other people are doing that, because there’s less competition for vacancies and rental rates tend to dip as a result,” says Laufer.
As we mentioned, for most of the country those dates are during the late fall and into the winter time but if you’re in the South West, say Arizona for example, the dates are opposite because the summers are so hot, people aren’t usually looking to move. Get more tips on moving to another state in this post.
“There is some variance on where you live -moving in Minnesota in December is a lot rougher than say, Phoenix so that gap is exasperated. And of course holidays and school schedules factor in as well since people try to avoid moving around them,” adds Laufer.
He also tells us that a low demand due to weather is not the only thing to consider if you have a time-frame flexibility. Think of weekdays versus weekends.
“If you want to move when there’s still soft demand but the weather isn’t unbearable then March is ideal pretty much nationwide because you’re beating the peak rush of Spring and Summer moves… As far as within the week, Saturday is the lowest day of properties being initially contacted, but the highest for in-person visits,” says Laufer.
If you’re looking to visit a specific property, you’ll want to try to avoid the “rush” because that will also allow you to negotiate rates and discounts as the leasing office won’t have what appears to be a “high demand,” always remember to ask what the complex vacancy/occupancy is at the time so you can get some leverage that way. If they’re at a higher vacancy, you should be able to get a better deal.
“Touring a property on a weekday, particularly Tuesday or Wednesday will mean fewer people to split the open house with,” adds Laufer.
These are just a few tips that can help you plan ahead and maybe even save some cash. Remember that moving is already a stressful process so the better you plan, the easier the experience will be.