One of the most crucial things on your list of to-dos when moving is, of course, finding a place to live. However, for many, apartment hunting can be a daunting task, especially if it’s their first time.
Finding an apartment can be overwhelming and near impossible with the seemingly endless questions. The truth is, apartment hunting can be exhausting, requiring most of your time and effort. This is especially true if you want to find someplace you can call home that’s within budget and has most of everything you need within reach. With that said, here’s a quick guide to everything you need to know about apartment locating during this major change in your life.
What Apartment Locating Is
First, you need to understand what apartment locating is and what it entails. Apartment locating is described as the subsector of real estate wherein real estate agents focus on finding their clients their next apartment. This means no residential real estate, private rentals, or subletting.
Common Misconceptions About Apartment Hunting
Several misconceptions can confuse potential clients when it comes to apartment locating and make the process more challenging. This is especially true with the following because they seem realistic enough to be believable.
Waiting for the price to go down
Apartment prices tend to fluctuate daily, and it depends on several factors. These include factors like occupancy and vacancy rates. Therefore, waiting can sometimes make you miss out on a great place.
Apartments will only know their availability 60-90 days out. For instance, if you're looking for an apartment 6 months before you need to move, the apartment complexes won’t know their exact availability until at least three months out. An apartment locator can still get a list together and give you an idea of what’s in the area, but we will have to wait to find exact pricing and availability.
Renewing the lease won’t change the rent