There are a lot of things to think about when locating a new Eden Prairie rental home. Other than size, location, and other features, one major factor you should give thought to is the timing of your move. Different times of the year can impact 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
Most of the time, the summer months are the most demanding season for the rental market. Most leases end during this period, and people are seeking new rental homes. As a result, there tend to be more options available at this moment. This is particularly relevant if you reside in a college town or a place where many families with children in school. It’s also the preferred time of year for moving because of the nicer weather conditions, which allows you to carry boxes and furniture conveniently.
Favorable weather and life changes lead to increased movement in the rental market in the summer. This can assist you in acquiring a rental house since more homes become available in the summer months. The only bad thing about this busy season is that rental rates seem to escalate with demand; therefore, if you’re hoping 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 generally during the winter, mainly in regions with colder climates. This is because people are less likely to be searching for a new home during these seasons, so there is less demand for rentals. Also, Eden Prairie property managers may be more open to negotiating the price to fill their rental units.
However, it is crucial to bear in mind that rental availability and rates can also change depending on the local market and economy. Due to less activity, it can be difficult to find rental homes in the winter in some markets. Because of this, you’ll need to start your search a bit earlier than you would if you moved in the summer.
How Early to Start Looking
Regardless of what time of year you choose to move, it’s usually advised to start looking for rental homes as early as possible. This will provide you with more options to select from and also allow for better price negotiation. It is vital to start looking at least a couple of months before your preferred move-in date. And if you discover a location you want, don’t hesitate to jump on it.
Finally, the appropriate time to rent a new home depends on your preferences and what is available in your local market. Although there are more possibilities in the summer months, winter can bring lower rental rates. It is advisable to do research and get started exploring early to find the perfect rental for you.
Because every rental market is different, it is essential to speak with a local market expert to get the best information and advice. Call Real Property Management Viking 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.
