First Home Facts

3 Ways To Find A Luxury Apartment In A Competitive Renting Market

Moving into a city with a highly competitive rental market could make it challenging for you to find the luxury apartment that you want. However, it is possible. Here are just a few ways you can increase the odds that you find an apartment in a timely manner.  

Look for Listings With Bad Photos 

Although a large number of luxury apartment buildings will rely on professional photos to sell their spaces, not all do. When renters are looking for a place to stay, they often rely on the listings and the accompanying photos to quickly narrow down their choices.  

If an apartment building manager chose to personally take the photos of the available spaces, there is a good chance that the quality of the images might not be an accurate representation of the vacant apartments. If that is the case, housing seekers could be passing by those listings without realizing it.  

You can take advantage of this. Even if the images of an available apartment are bad, read the description. You could find a great apartment hidden behind those bad images.  

Check Out New Constructions 

Apartment buildings that are near completion should not be overlooked. Even if it will be a month or two before the building is actually complete, there is a good chance that the property management company or landlord that is renting out the spaces is already taking applications. If you wait until the building is complete, you could miss out.  

There is an added bonus to jumping on a new construction early on. The owners will be interested in filling the vacant apartments as soon as possible. You might be able to cut a deal to get a lower monthly rate than you would down the road.  

Find Lease Breakers 

Lease breakers could help you find the apartment you want. To avoid the fees that are associated with breaking their leases, some renters often seek out someone who can take over their leases. You could sublet the apartment and apply for the space once the lease has ended.  

There are a number of ways to find lease breakers, including the Internet. Look for online sites that specialize in connecting lease breakers and apartment seekers.  

If you are not working with a real estate agent, now is the time to consider doing so. An agent will have access to other means you can use to find an apartment in a competitive market. For more information, contact companies like St. Louis Luxury.