Friday, June 6, 2014
While there are usually properties available for rent all year round, you may have an easier time finding them in the right place at the right time and at just the right cost if you know when to go apartment hunting.
The very beginning/end of the month
A sensible tip, as most tenants would have decided to renew or end their contract by this time. You can use this period to reserve ahead or seal the deal on an apartment that catches your eye.
Mid-March through May
This applies to ‘college towns’ such as Katipunan, Diliman and Espana in Metro Manila. The earlier in the summer the better, before the last-minute student renters come in. Since March is grad month, you can also use the time to bargain for lower rent or reservation fees while business is still slow.
June through September
While the rainy season is not the best weather to hunt for apartments in, you may be able to land a good deal. It takes extra effort to sell a space during the rainy season and you could use that opportunity to ask for lower rent.
Anytime before November
November and December are a busy time for people, and moving would not be top of mind in preparation for the Christmas season. Rent may also be higher, as most things are during that time of the year. You might also want to save yourself the trouble of instructing the moving truck through Christmas rush hour traffic.
While real estate never sleeps, it's just much easier to coordinate with the building's administration office and get more questions answered on the spot on a business day. Some admin and sales offices remain open on Saturdays, but are usually half-day. While you can arrange for a viewing on weekends, the tour may be conducted by building staff who are unable or unauthorized to answer your questions.