Much like how people’s lives slow down in the winter, so does the rental market. October to April is considered the low season in the rental property industry, meaning fewer people are actively looking to rent during this time. So why should you consider renting a new property in the winter? Let us tell you why the low rental season is a great time to sign a new lease. Here are the top 4 reasons to consider moving during the low rental season:
1. Save money
With less demand during this season, rental prices are known to be lower compared to the busy months of May-September. Property owners and landlords want to ensure their units don’t go vacant and will often lower their rental rates as an incentive, which is a huge benefit to renters like you!
2. Less competition
Do you have your eyes on a particular property? Well, if you are applying to rent during the low season, you have a greater chance of getting approved! Fewer applications mean less competition for the home you are hoping to rent.
3. Negotiating room with landlords
Rental property owners are in need of potential tenants in the winter. Since there are fewer applicants and less demand for properties overall, you have more space to negotiate with your landlord. Whether it’s extra amenities or reduced rental rates, use your negotiating power to your advantage.
4. More flexibility
You should have more flexibility with your landlord given that it’s not the busy rental season. Asking for an early move-in date or finding available moving trucks, should be easier during this time and will help make your move feel less rushed and hectic.
There are plenty of benefits to choosing to sign a lease during the low season as a potential renter. Moving boxes in chillier weather is a worthy trade-off considering all the extra savings and added flexibility that comes with signing a lease in the low rental season! Looking to rent in the Hamilton, Ontario area? Browse our wide variety of unique listings on Hamilton Homes for Rent today!