Tips To Negotiate Your Rent
Home Improvement

Tips To Negotiate Your Rent

Finding the perfect apartment without any compromise is very exciting; however, most apartments with all the luxury and necessities you need can strain your budget. But if you have the right negotiation skills, you can lease your dream apartment at a much fair price. If you’ve no idea where to begin, here are some premium tips for negotiating your rent.

Ask for Long-Term Leasing Discount

If you are attending a nearby school, college, or university, you might consider leasing an apartment for more than a year. Maybe you want to avoid the stress of house hunting every time you break for a holiday. Or maybe you have found a luxurious apartment that meets your needs in every way, and you do not want to let it go before you complete your studies.

Asheville NC student apartments, for instance, are very luxurious, equipped, and strategically located, and this may prompt you to decide to settle there for a long time. If you decide to lease the apartment for an extended period, you can use this decision to your advantage and try to ask for a discount. If you are lucky, the landlord may decide to give you free months, which will help lower the monthly net rent payment during your stay.

Negotiate for Other Perks

Getting a fair price can be pretty satisfying when you are moving into a new apartment; however, the property owner may not always agree to lower the rent as you expect. When you find yourself in this dilemma, you can always negotiate for other popular amenities that will satisfy your vibrant living.

Consider asking for other must-haves that will make your life more pleasant, including spacious furnished apartments, free parking space, free storage spaces, and free internet, among others.

Ask For Payment in Advance Discount

If you can pay for several months in advance, leverage the opportunity by asking for a discount. Most property owners are discouraged by the thought of constantly following up with tenants to pay their rents. It is also stressful for landlords when tenants pay rent late, and the idea of paying several months in advance might delight them.

Offer To Advertise Vacant Apartments in the Building

Landlords are more willing to give you a good deal if you have worked for it. Suggest to them the idea of marketing their vacant units for the referral credit. If you can get some friends or colleagues to sign up for the vacant units, ask the property owner if you can receive some rent discount for each person you get on board.

Perform Adequate Research on the Cost of Apartments in the Area

Before you start to negotiate, make sure you look at the prices of other apartments in the neighborhood and prepare to defend your offer. Having adequate knowledge of the average prices of similar rentals in the area can help determine if the landlord is charging fair or unreasonable prices.

The comparison should also be based on features and amenities present in the apartments. It is also important to note that some amenities like in-unit laundry and proximity to markets, schools, and transport facilities might drive up the prices.

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Get Professional Advice or Assistance

Usually, you may not have adequate information, experience, or courage to negotiate for a better price. Fortunately, you can consult or hire an expert who can do the negotiating for you. Hiring an expert will cost you money, but it will be worth it in the long run. If the idea of hiring an expert does not appeal to you, hit up a friend or family member who has good negotiating skills.

Find an Apartment Managed by an Independent Landlord Rather Than Property Agents

Independent landlords are the best chance of negotiating a good deal on rent price. A landlord may be more open to lowering your rent than a property management agent who is inflexible due to corporate policies.

Rent negotiating is not always successful, and it is essential to have an open mind that it can go either way. It is a give-or-take process, and if your tactics prove successful, you will reap the benefits in the long run and if you are unsuccessful, be proud for even trying.