There are several factors to take into account when looking for a new Findlay rental home. Aside from size, location, and other features, one significant factor you should think about is the timing of your move. Different times of the year can impact the housing market, from availability to rental rates. Therefore, what is the best time of year to rent a new home? Here is what rental market experts have to say.
Summer Months = More Options
The busiest period for the rental market is usually the summer months. This is when several leases expire, and people are looking for new rental homes. Therefore, there tend to be more options available during this season. This is especially the case if you stay in a college town or a neighborhood with many families with children in school. It’s also the preferred time of year for moving due to good weather conditions, making it quicker to carry boxes and furniture.
Better weather and life changes lead to increased movement in the rental market in the summer. This can make locating a rental house quicker; since more homes become available in the summer months. The drawback of this busy season is that rental rates seem to go up with demand; therefore, if you’re in the hunt for a bargain, there are better times to make your move than summer.
Winter Months = Lower Rates
The best time to find lower rental rates and available homes is mostly during the winter, particularly in areas that encounter colder climates. This is because there tends to be less demand for rentals during these months, as people are less likely to search for a new home. It is also possible that Findlay property managers are more open to bargain on price to fill their rental units.
However, it is critical to know that rental availability and rates can also fluctuate due to the local market and economy. With lower activity, it can be harder to find rental homes in the winter in some markets. That may imply you’ll need to begin your search a bit earlier than you would if you moved in the summer.
How Early to Start Looking
It is best to start looking for rental homes as early as possible, irrespective of what time of year you want to move. This will give you more options to choose from and also allow for better price negotiation. Beginning your search at least a couple of months before your preferred move-in date is advisable. And if you discover a place you adore, don’t hesitate to jump on it.
In the end, the optimal time to rent a new home depends on your preferences and what is available in your local market. Although the summer months may have more availability, winter can bring lower rental rates. It is best to research and begin searching early to get the perfect rental for you.
Because every rental market is different, it’s a good idea to talk to a local market expert to get the best information and advice. Contact the Real Property Management Clarity Team to speak with a property manager, or you can browse our listings online.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
