What are the best periods to rent cheaper?
Finding housing is a goal that can sometimes be long and complex. Depending on your finances, you will also appreciate being in an advantageous position to find the most comfortable apartment while limiting your budget! The complexity of the real estate market in Luxembourg, where demand is high, makes it particularly advantageous to search for and find housing at an affordable rent. Here are some tips to optimize your search based on your budget.
Understand the tension between supply and demand
The overall real estate market and prices are based on the ongoing tension between homeowners 'housing supply and tenants' demand. This tension between the number of available dwellings as well as the number and the quality of the tenants makes it possible to quickly understand what will be the requirements of the owners according to the different requests that reach them. Indeed, it is important to realize that homeowners face two concerns: do not rent their homes quickly enough and put themselves at risk of defaulting during the rental period. Given their constraints, and depending on the time of year, an owner will be able to be more demanding on the level of minimum resources of the tenant, the quality of the joint surety or the amount of rent requested.
As a tenant, you must be able to quickly know the quality of your file and its appreciation from an owner based on the history of your income, the person who will vouch for you but also of your life project. Indeed, to announce to the owner that you are in last year of study and that you do not know if you will be there all the year will put it in contrary provisions. In order to do this introspective exercise, it is advisable to put yourself in the place of an owner and to identify the advantages and disadvantages of your situation.
Take advantage of periods with lower student demand
Once you are comfortable with your profile and how to present it, you will enjoy rental periods that are particularly conducive to negotiating with homeowners to put you in a strong position. The best periods to be in a favorable position are either the periods when the supply is higher or the periods when the demand is lower. We can cite rental periods during which students are not actively seeking such as the months of November, December, January or February. These months, however, have the disadvantage of having a significantly lower housing supply. However, homeowners who have not rented their property during these periods will be more inclined to grant affordable rents for fear of not finding a tenant.
Paradoxically, the month of September can also be an interesting month to find housing with affordable rents. Indeed, the supply of housing is particularly important at this rental period, because some notice ends during this month. Homeowners who wish to take advantage of slowly decreasing demand will see more affordable rents than during the strong months of June, July and August.
As a renter, it is not always easy to be in the best rental periods to find nice and affordable properties. You are indeed subject to the end date of your notice to avoid paying a double rent. Nevertheless, in your position, you will be able to take advantage of the months on horseback between autumn and winter to be able to find the rare property at affordable rent. Be that as it may, being aware of this tension between supply and demand will allow you to adapt your level of requirement on the property to find!
Listen to or listen to the program Wunnen dedicated to this article on Eldoradio HERE !