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If you are lesseeThe market may be beneficial to you.
As of December, the median rent price in the United States was $ 1,695, a decrease of 0.5 % from November, that is, $ 8. New report Realtor.com.
The latest rental price is 1.1 % (or $ 18) lower than a year ago, and a 3.7 % decrease from the peak high in July 2022.
We call it the market.
Daryl Fairweather (Daryl Fairweather)
The chief economist of online real estate brokerage company Redfin
Daryl Fairweather, chief economist of Redfin, said that part of the reason for the “building prosperity” of the new apartment building during the period is that the rent burden has improved.
She said: “Now there are still units that start to surf the Internet from 2021 and 2022.”
Experts say that as more new units are available, some property managers are considering reducing their asking price to attract tenants.
Fairweather explained that this means that tenants should have more negotiation power in terms of lease terms.
She said: “We call it the market for the rentor. We think this will continue next year.”
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To be sure, the number of newly -built apartments is more concentrated in certain areas than other regions, which makes the rental price of some regions in the country faster.
For example, the median rent of Austin, Texas is $ 1,394. As of December, in the past few years, some of the highest levels of housing construction. according to Want for Redfen. That number is down Starting from 1,482 US dollars in August, the median decreased by 17.6 % over a year ago.
Experts say that with the growth and demand balance, Austin’s rent may continue to decline.
What you can use as a renters depends on what happened in the current market or where you intend to live.
If you are in the rental market this year, please consider the following three key steps:
1. Find out the rent of other departments in the area
You may live in an increasingly affordable area. Fairweather said that if you find the answer, other units nearby are similar to your rent-this is the “best way to armed yourself” negotiating with the landlord or real estate manager.
She said: “If your property manager tries to increase the rent, you can provide information to them and show them that your rent should not increase.” “In some markets, it should even decrease.”
Realtor.com’s senior economist Joel Berner said that if you have lived in the same unit for several years and have been paying the rent on time, try to use the historical record at a lower monthly rent for negotiations to negotiate Essence
He said, “The good thing to negotiate from negotiations is to show your landlord that the rent price is falling, but you don’t want to move-unless you can save money elsewhere.
The tenant’s tenant’s turnover may be expensive, especially if the property has been living for several months.
2. Any additional expenses you pay for you
Fairweather said that at this point, consider other costs that need to be paid in addition to rent. These may be the cost of parking space or the cost of obtaining other convenient facilities.
The cost of facilities, such as parking lots, sharing community space, on -site fitness center or bicycle storage costs, ranging from the basic product of $ 30 per month or a one -time cost, or a one -time fee of $ 200 to $ 500 according to Go to the apartment list.
If you see ads that other properties are convened, such as giving up parking costs or reducing convenience costs, please check if your landlord is willing to match it.
3. Consider cooperating with roommates
Bernard said, at the same time, if you live in a “very expensive rent” area, consider separating a larger unit with others.
Having roommates or roommates is a long -term test that reduces housing costs. He said that it is more effective now, because the cost of larger units in some places is not as fast as smaller units.
He said: “You can find a lot of transactions in the three -bedroom apartment and separate from others.”
