According to different commercial moving companies, when apartment hunting, it’s important to know that timing matters. Some experts say that the renting market fluctuates anywhere from 2% to 5% throughout the year depending on the season. If you have flexibility with your schedule to move whenever you see fit, you may be able to save some money along the way.
Best Time to Move into an Apartment: Winter
Most people move during the summer for a variety of reasons including their school schedule and the weather. If you choose to go against and move during the winter, you may see a discount because of it. Fewer people are looking for an apartment, which makes realtors desperate to rent their properties. But, if you’re interested in a winter moving date, you might have to deal with less available apartments to choose from since most people choose to move during the warmer months.
This isn’t necessarily the case everywhere in the United States. If you’re moving to a higher populated area like Los Angeles or Manhattan, NY, you probably aren’t going to find discounts on apartments if you move in the winter. This is because people are often looking for apartments year-round in these locations. Also, if you’re planning on moving to a college town, you might not get as big of a discount if you decide to move in the winter as well.
If you’re looking to save money during your move, then moving during the wintertime is your best bet. But, you may have to deal with a smaller number of apartments available as well.
Worst Time to Move into an Apartment: Summer
If you, like many others, are going to move in the summer, you probably won’t find specials on cheaper rent. But what you will have, is the power of choice. Since many people move out in the summertime, many apartments are going to be available to move into. Also, since there’s so much competition, you probably won’t have too much time to think over an apartment after you’ve already viewed it. The realtor can easily find someone to take your spot, and won’t hesitate to do so.
If you’re looking to save money, then you’re better off looking for an apartment during the wintertime. If you’re trying to have the largest pool possible of apartments, then the summertime may be the right choice for you.
Understanding how the renting market fluctuates throughout the year will lead to more money in your pocket. If you’d like to move in the winter, then you’re probably going to find more deals on cheaper rent because there’s less competition during that time period. But, you may have fewer apartments to choose from. However, if you move in the summer, then cheaper rent will probably be out of the question. In turn, you’ll have the power of choice since most people move out in the summertime. It all depends on what you’re looking for as a renter and what you prioritize. You have to weigh the pros and cons in order to find the perfect apartment for yourself. It may seem impossible to pull off, but at the end of the day, it’s definitely doable. Stay focused, look at the market, and you’re bound to find an apartment that you love that fits within your budget. With it being hot outside, you might also need packing services to help get things moving more smoothly. So make sure to put that into consideration when deciding to move.