Lowering the Rent Many Americans are choosing to rent their homes instead of buy them. This they are doing because it is financially viable and even responsible for them as opposed to purchasing a home. The economic state of the housing market combined with the struggling economy has simultaneously allowed for some households to purchase homes while leaving other struggling to pay their mortgage and opt for renting a home instead. Renting a home in Beckley can save a family important dollars over the course of the year where as a monthly mortgage would hurt them greatly. Still, there is a way for those who rent to lower their monthly rental rates. As with most things, rent is somewhat negotiable. Not, of course, according to one’s landlord, but in reality, even the monthly cost of renting is negotiable to those renters who understand how to appropriately go about it. The negotiation process to lower one’s rent will take information and creativity, but is still possible none the less.
Knowledge is Power First, the information aspect of lowering rent. A renter who is trying to negotiate the monthly rental payments down a few dollars will need to be well informed on the current renting market of their area. The prices for rental units even in the same town can fluctuate greatly depending on location and amenities, quality of construction and upkeep, but the general feel of the renters market should be grasped before one attempts to negotiate with their landlord concerning their rent. Once a sound understanding of what competing rental prices are, a renter will be able to approach their landlord with the figures of rental units in the area and ask the landlord to lower their costs to reflect the market around them. On the other hand, if a renter knows they are getting a great deal on their rental unit by seeing that the other units in the area marked at a higher price, then perhaps it would be best to simply be grateful and avoid asking for an additional discount due to the surrounding prices. Still, there are other ways to lower one’s rent.
Creative Negotiating Being creative in offering negotiations to the landlord here comes into play. For example, if the renter wishes to lower their rent or receive a two bedroom unit for the price of one, perhaps offering the landlord services as a laborer on the grounds would provide the desired discount.
If additional work does not appeal to the renter seeking to lower their monthly rental costs, then perhaps an agreement for a two year lease would entice the landlord into lowering the rent. But the last tip to lowering rent might be the most effective of all. By simply being the best tenant imaginable, the landlord will be willing to lower the monthly rent to entice the perfect tenant to stay in the unit. But what makes the perfect tenant? A renter who has a good credit score, stable employment, lives responsibly, and who purchases renters insurance in Beckley will typically stand out to a landlord as someone they can trust. By striving for lower rent, a person or a family will be able to achieve lower rent costs after implementing the above strategies to lowering rent.