There are many reasons why someone might rent an apartment, but the goal is always the same: to find a place with all the necessary amenities, good infrastructure, and an affordable price. In one of our articles, we talked about how the real estate market can be influenced by seasonality. Let’s see if the time of year affects apartment rentals.
Which month is the best to rent an apartment?
Planning to rent an apartment? Pay attention to these factors:
First, remember that long-term rentals are usually cheaper than short-term or daily options. This is a fact that can’t be denied.
Second, rental prices are affected by demand. The higher the demand, the more landlords will charge.
Third, keep the holiday season in mind. During summer, holidays, and festivals, when tourist flow is high, property owners often opt for daily rentals.
Unfortunately, you don’t always have the time to wait for the perfect rental option. If you are not in a rush, consider waiting until January. This is the best month, because people are still recovering from the New Year holidays. There will be more options available and lower demand, this way rental prices will drop, allowing you to save money. A similar decrease of activity in the rental market happens in May-June, when students return home for the holidays, and in October-November, after the beginning of the academic year has settled.
If you reach out to a real estate agency, experienced agents can help you track seasonal trends in the housing market and find the most suitable option for you.
When is it more convenient to move to a new apartment?
Moving from one apartment to another can be very challenging during the rainy autumn or cold winter months. If it were that easy, everyone would choose to move during summer. The best time to move is during the off-season, when the weather is good and prices are low. On another note, most people start searching for apartments about two weeks before the end of the month, trying to move in at the beginning of the next month. This is because landlords usually prefer to rent out apartments at the beginning of the month.
Conclusion
Let’s summarize and answer the main question of any tenant: how to rent a comfortable home while saving money?
1. Sign a one-year contract. This will protect your from unexpected rent increases during that time.
2. If possible, carefully weigh all the pros and cons, so you can avoid having to move again in just a few months.
3. Work with official agencies to avoid scammers.
The decision is always yours. With the help of realtors, you can always find an option that suits you and your family.
