Rent prices have increased considerably over the past year. It’s no wonder that many people are searching for affordable apartments. If you’re also looking for a way to save money on rent, starting your search for the Destin apartment you want right now and signing the lease by the end of the year could help you achieve your goal. Here is why.
Demand Is Lower, So Rent Prices Could Also Be Lower During This Time of Year
Most leases end between May and August. This means that renters typically renew their leases during the summer, which translates into fewer rental units available in the winter. However, you might have a higher chance of scoring a better deal on a Destin apartment if you decide to rent it in December than in the spring or summer.
How is that possible? To begin with, most folks are trying to get ready for Christmas and New Year’s celebrations early so they can spend more time with their family and friends. Thus, as their favorite holidays are drawing near, many of them might not have the energy or feel like searching for an apartment rental right now. As this can lead to lower demand for rentals, landlords and apartment managers might be more likely to offer renters a lower rental rate.
However, if you intend to rent a luxury apartment in Destin, FL, before Christmas, it’s important to remain realistic about the rental rate an apartment manager might be willing to offer you and recognize a good deal. Even if the rent is higher than what you might have expected, renting a Destin apartment by the end of the year may allow you to lock in a lower rental rate than the one you might be able to negotiate in January.
According to industry experts, rent prices are expected to rise over the next 6 months. If you intend to move to Destin, FL, anytime soon, renting an apartment this month could actually help you avoid rent price increases over the next 12 months or even longer, depending on the lease term stipulated in the lease agreement.
You May Get More Attention from Apartment Managers
The holiday season causes the entire rental market to slow down. After all, there are fewer people looking for rental apartments and fewer apartment managers who have chosen to leave their own holiday responsibilities aside in order to work. Those apartment managers will have more availability, which means they can pay more attention to the needs and wants of anyone who is looking for a Destin apartment these days. This could work in your favor, as you can get more detailed information about each apartment and you may even have more time than you would normally have to reflect on the apartments you see. As a result, you’ll be able to make a more informed decision and rent the right place for you.
The Holiday Spirit Makes People (Including Apartment Managers) More Agreeable
Around the holidays, people tend to be in a more generous frame of mind. This could prove beneficial to you if you’re looking for a rental apartment right now. While you might not be able to obtain a lower rent, you could negotiate some extras, such as a more flexible move-in date, longer or shorter lease term, additional storage space, an assigned parking space and/or extra guest parking permits, a rental deposit waiver if you intend to upgrade to a bigger or better apartment when one becomes available, additional furniture, and so on.
You Might Have More Time to Look for the Perfect Apartment for You
December is the busiest time of the year for many people. However, some people have more free time to do things they enjoy. Searching for a rental apartment in a new location could be one of them. If this time of year is slower for you, you may have the time to look for and find your next perfect apartment in Destin, FL.
Top Considerations Before You Start Searching for an Apartment during the Holidays
While renting an apartment during the winter holidays can be a great idea, here are a few factors you should remember before you start looking for a rental unit:
- Making a list of must-have amenities and features will help you narrow down your choices;
- Moving to a new apartment can be stressful; to make sure things go smoothly, set up a realistic budget and stick to it, prepare a list of questions, schedule your tours wisely, and establish your move-out and move-in dates;
- Rental scams are real; many scammers post fake listings nowadays, trying to trick potential renters into paying phony application fees and rent deposits.
If you’re still wondering whether you should go apartment hunting during this holiday season, our answer is: absolutely. As the holidays are a unique time to rent an apartment, they can bring you some notable benefits and perks you might not get otherwise. So, if you’re considering renting a luxury apartment in Destin, FL, before the year ends, don’t waste your precious time and contact our professionals today!