How To Rent An Affordable House In An Expensive Neighborhood

When my youngest child moved out, I was left living in a large home by myself. Weekend visits from the grandchildren only filled the space part of the time. The home became more of a burden as each day passed. It was not until I was working with my real estate agent to sell my home and find a smaller home did I realize that there were so many others in the same position. I created this blog to help other empty nesters explore their options for downsizing and to provide guidance on finding a new home that fits in more with their lifestyle.

How To Rent An Affordable House In An Expensive Neighborhood

How To Rent An Affordable House In An Expensive Neighborhood

27 October 2017
 Categories:
Real Estate, Blog


Do you want to live in a desirable neighborhood but pay reasonable rent? Desirability and low prices don't always go together, but there are tips you can use to get an apartment at a good price; here are some of those tips:

Offers from New Constructions

You are more likely to snag an affordable rent from a new construction than from an existing apartment. Managers and owners of new constructions offer rental properties often offer discounts to attract tenants fast and fill their houses as soon as possible. The introductory offers may also be meant for publicity – as a way of marketing the property. Note, however, that these discounted or introductory rents may go up the next time you are renewing your lease.

Don't Be Too Rigid With Your Requirements

It also helps not to have your requirements cast in stone. For example, if you want a cheap place, you shouldn't ignore a third-floor apartment just because you were searching for a first-floor apartment (unless you have a very good reason for this). Just have a few must-have features and then leave the rest dependent on price. You may have to compromise on the style, lot size or level of natural lighting to enjoy a cheap rent.

Rent On the End of Your Chosen Neighborhood

You may also be able to snag a cheap apartment if you don't mind living at the very edge of your chosen neighborhood. In most cases, the outer edges of a neighborhood are built up after the initial developments, and these later developments represent the expansion of the original development or neighborhood. You will still be able to enjoy the amenities and infrastructure of the desirable neighborhood but at a lower price.

 Opt for a Long Lease

Lastly, some landlords may offer you a little discount if you opt for a long lease instead of a short one. This is possible because the long lease reduces the risk that the house may be vacant for some time, which is a real possibility if you sign a short lease and moves when it ends. Therefore, if others are signing six-month leases, ask the landlord about a discount for signing a 12-month lease.

Most people only use real estate agents while hunting for properties to buy, but an agent can also help you look for a place to rent. The agent can use their negotiation skills to get you a discount, especially if you are renting an expensive place. Contact an agency, like Miami Apartment Rentals , for more help.

About Me
Home Buying Tips for Empty Nesters

When my youngest child moved out, I was left living in a large home by myself. Weekend visits from the grandchildren only filled the space part of the time. The home became more of a burden as each day passed. It was not until I was working with my real estate agent to sell my home and find a smaller home did I realize that there were so many others in the same position. I created this blog to help other empty nesters explore their options for downsizing and to provide guidance on finding a new home that fits in more with their lifestyle.

Search
Archive