How You Can Get a Great Price on Your Next Apartment Home

Getting a great deal on an apartment today is not that hard at all. Many would be renters believe that since vacancy rates are high, that apartments are willing to offer lots of incentives and specials. While this is true, it also depends on other various factors. Depending on how old is the property, is it located near popular intersections, and who manages the property, these are all important factors in negotiating the best rent.

Especially if you live in a large metropolitan area like Houston or Atlanta, you will have several options at your fingertips. So rather than just start driving around in search of an apartment home, use these tips to secure the apartment you want at the price you can afford.

How old is the Property.

If the property is 20 years or older you can expect this community to be cheaper and have lower vacancies than newer communities. An older apartment community will have lower vacancies than a new apartment home as long as it is well maintained and under good management. There is always a market for economical apartment housing in any major metropolitan area. And apartments that have been around for awhile usually are known throughout a community.

But if you like lots of amenities and cutting edge features, an older community probably won’t have what your searching for.

Where is the property located.

Properties that are located off major freeways and popular intersections are more likely to get lots of drive-by traffic. These sorts of apartments, most likely, are a little more expensive than properties that are not as easily seen. When searching for apartments, be sure and make a note of communities that are not located on major roads and highways. They may be more likely to offer you greater incentives to secure a lease.

If you are not sure how to located these apartment communities, try using a local apartment finder in the area.

Do You Know Who The Management Company Is

All property management companies will develop a reputation. Some may have negative reputations including slow response to issues that are of a concern to you. They will also develop a reputation regarding rental amounts too.

Larger companies like a Gables probably don’t negotiate on a case by case basis. If you are not familiar with a specific company, chances are they may negotiate rents with you.  All you have to do is ask the manager or leasing agent how much cheaper you can secure the unit for on a month by month basis. It is really that easy.