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Renting in a Tight Market

Renting in a Tight Market

Renting in a Tight Market According to an article published on CTPost, apartment construction and availability in Connecticut is not moving fast enough to meet the surging demand of renters. Even qualified renters with good credit scores and stable income are having a difficult time securing a rental property.

From Stamford to Norwalk to Branford, the rental market is hot and the lack of availability has sent many rental rates skyrocketing, pricing many out of the market. As of last month, Apartments.com listed more than 2,000 units for rent in Fairfield County, with Zillow listing about 530 standalone houses available on a rental basis. How can you get an amazing apartment in Connecticut when the renter’s market is so tight? We have the answers!

Meet Minimum Requirements

If you keep getting rejected for an apartment, it may be because you don’t meet the minimum requirements. Before applying for your next apartment, take the time to make sure you pass the manager’s income requirements and other policies, such as allowable pets. On our website, www.ctbestapts.com, we list frequently asked questions on every complex we have available stating what is included in rent, pet policies and other inquiries you need to know for requirements.

Don’t Let the Application Fee Scare You

Property managers do not make a profit on application fees. The money goes to the credit reporting agencies and screening companies used to access background reports on renters. The application fee helps protect you and your new home safe. Understanding the benefits of the fee will help make the money seem worthwhile.

Have the Money

Once you pass the screening process, all upfront costs like a security deposit, first and last month rent may be required. If you tell your future property manager that you need a week to come up the move-in funds, it may delay your renting process. Be prepared for the costs of renting an apartment in the area you desire to ensure you are ready for the costs associated with renting and moving.

Be Flexible  

In a tight market, it’s not ideal for renters to be picky. You may have to give up the dream of living right downtown. However, our Stamford apartments offer incredible Walk Scores are conveniently located on the main branch of the New Haven Line on the Metro-North Railroad. Make a list of absolute must-have features that fit in your maximum budget and be willing to compromise. Our homes have several features that many renters are looking for.

CTBest has apartment complexes in some of Connecticut’s most exciting cities and each community offers excellent amenities, 24/7 maintenance and easy online bill pay. To learn more about the diverse selection of floor plans and communities CTBest has available, call Desiree at 203-223-1665 or visit www.CTBestApts.com.

 

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