There are various factors to consider when choosing a new Keller rental home. In addition to size, location, and other features, one key consideration is the timing of your move. Different times of the year can influence the housing market, from availability to rental rates. For that reason, when 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 summer months are typically the busiest period for the rental market. This is when the majority of leases expire, and people look for new rental homes. Due to this, there tend to be more options available throughout this season. This is certainly the case if you live in a college town or a neighborhood with many families with children in school. It’s also the preferred time of year for moving because the weather is nicer, making it less complicated to carry boxes and furniture.
Good weather and life changes lead to increased movement in the rental market in the summer. This can assist you in searching for a rental house as more properties become available in the summer months. However, the drawback of this busy season is that rental rates tend to increase with demand; hence, if you’re seeking 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 often during the winter, mostly in areas that encounter colder climates. This is because there is less demand for rentals during these periods, as residents are less likely to seek a new home. Also, Keller property managers may be more likely to bargain on price to fill their rental units.
However, it is crucial to recognize that rental availability and rates can also vary depending on the local market and economy. For example, in some markets, it can be difficult to find rental homes in the winter due to lower activity, so you should start your search a bit earlier than you would if you moved in the summer.
How Early to Start Looking
It’s always a wise decision to begin looking for rental homes as early as possible, despite what time of year you plan to move. This provides you with more options and allows for better price negotiation. It is advantageous to begin your search at least a couple of months before your desired move-in date. And if you find a spot you want, don’t hesitate to jump on it.
The safest time to rent a new home relies greatly upon your preferences and what is available in your local market. While the summer months may provide more choices, winter can bring lower rental rates. Therefore, it is essential to undertake research and start looking early to find the perfect rental for you.
Because every rental market is not the same, it’s necessary to speak with a local market expert to get the best information and advice. Ring up Real Property Management Meridian to talk to 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.