Are you dreaming of moving to Boston, but are feeling overwhelmed by the high rent cost and confusing real estate market? Are you looking for advice on how to find the cheapest rent costs and make the best investment possible?
Housing that is rented temporarily follows seasonal trends. In the summer, rental prices are higher than in the winter. Learn how to use this to your advantage when planning your move to Boston.
Boston and Home Prices
Did you know that an apartment may cost significantly less depending on which month you start the lease? In Boston, this technique is extremely effective because prices can be very high in the summer and drop dramatically in the winter.
Boston is an incredible city that attracts people from around the world. The incredible opportunities and high-quality of life that is provided to residents results in a high cost of living. With life in Boston comes gorgeous neighborhoods, career opportunities, green spaces, restaurants, bars, nightclubs, cafes, and so much more.
The real estate industry in Boston is often confusing, especially for outsiders. Prices are high and it’s hard to understand why. But with the continuing COVID-19 pandemic and economic tension, real estate has become more affordable. Though in Boston, more affordable is still rather high for most people.
However, there are ways to still get a good deal even in the tough real estate climate. Generally, January and February are the most difficult month for landlords to get new tenants.
Very few people are looking for short-term housing starting in the winter. Some landlords are so desperate for someone to rent to, they’re willing to lower costs just to get tenants.
When’s the best time to look for an apartment in Boston?
If you have a tight budget but are committed to moving to Boston, use this time of economic tension to your advantage and find winter housing that’ll be at all time low prices.
This strategy can help you get the most for your money. Maybe you’ll even discover you can afford more than you expected, and you can move to your dream neighborhood or score even more amenities.
We want to help you find the best listing possible, so here’s a few tips on how to get the most when searching for rental housing:
Start looking for your apartment early
Planning early is helpful for pretty much anything. The more organized you are, the more likely you’ll be to get an incredible apartment. First, do lots of research online to understand the local market trends, like supply, demand, and pricing.
Usually, demand for housing increases throughout the spring and the summer, hitting a peak in July. If you’re looking at that time of year, it’ll be extremely competitive and you’ll want to stand out to the owner as responsible and diligent. Prepare all necessary documentation and maintain a good credit history to beat the competition.
Costs are Lower in the Winter
Moving into a new apartment in negative degree weather is no one’s idea of fun. This might be why rent prices are so much lower in the winter in Boston. If you’re up to the challenge, you can benefit from this phenomenon and move into your new apartment in the middle of winter.
The demand for housing in Boston is low in January and February. There aren’t a lot of new residents migrating to the city at that time of year.
Most people move to the city because of work or school, which usually begins in the summer for most people. Landlords are more likely to bargain rent costs in the winter when they’re desperate for new tenants to fill units.
Avoid looking for housing during the summer months when housing costs will be extremely high. The real estate industry begins picking up in the springtime and only begins slowing down in the fall. Winter is the best time to find an apartment if you’re on a tight budget.
Summer is Peak Real Estate Season
Summer is the biggest time of year for the real estate industry. Most people looking for a new house or apartment do so in the summertime. If you have a big budget and are looking to spend big and live in luxury, summer is the best time for you to be looking for real estate.
