San Antonio Apartment Search Tips - Getting The Best Deal

San Antonio apartments are expensive. But getting a great deal can make your San Antonio apartment less expensive. This article provides tips on getting the best deal possible when leasing a San Antonio apartment.

What Do You Want

A great deal for a San Antonio apartment varies from person to person. The first step in getting a great deal on a San Antonio apartment is organizing your thoughts. Review the factors such as location, unit type, unit amenities and price. Rank your top three or four factors in descending order. Do you want the lowest possible price for a luxurious two-bedroom, 1200 square foot San Antonio apartment with granite countertops, hardwood floors and an enclosed garage? Do you want the very lowest price for an efficiency apartment in far northwest San Antonio? Or do you want the very lowest available move-in cost for a two-bedroom bills paid apartment in Pasadena?

Organize Your Thoughts

Precisely define the features and factors important to you in a San Antonio apartment. Think about factors such has location, rental rate, application fee, deposit, unit type, unit size, unit amenities, and property amenities. Select a location before proceeding with the other criteria. It is practically impossible to start searching for an apartment until you have selected the area where you want to live. However, it is possible this would not apply is another factor is more important. Realistically though, most people select a location before addressing other issues. There is an amazing variety of San Antonio apartments available. Organize your thoughts in writing before starting to search with a high-quality online San Antonio apartment search service. Your written notes do not have to be in a presentation format. Most people find writing notes while they are thinking helps to crystallize their thinking and increase the clarity of their ideas.

San Antonio Apartment Online Search Service

Select a San Antonio apartment online search service which provides access to information on all San Antonio apartments and provides a $100 rebate. (You did say you wanted the best available deal, so you may as well get $100 rebate!) Some San Antonio apartment search services only provide information on 10 to 15% of the available apartments. The services only provide information on properties which pay to advertise or which pay a locator fee. However, it is unrealistic to get the best possible deal when you are only looking at one in six or one in 10 apartments which are available for lease.

Select Five to Twenty San Antonio Apartments

Use the online apartment search service to identify perhaps five to 20 San Antonio apartment complexes. Start initially by focusing on geographic location. Then use your other search criteria in descending importance to select target properties. In other words, use the second-most criteria (after location) next to further limit the options. Then use the third most important criteria.

Let's Make a Deal

Use your notes (regarding what is important for a San Antonio apartment) to develop a list of questions. Call and interview the on-site leasing staff at each property. Focus on getting your questions answered. Listen both to what is said and how it is said. Also ask for details on pricing. This includes information regarding application fee, deposit, first months rent and monthly rent. Ask if they have a "look and lease" special. (This is a special offer when you sign a lease shortly after initially visiting the property.)

Visit the Apartments

Select two or three properties after completing your phone calls. Before going to the office, drive around the perimeter and through the property to see if it means your minimum standards. (Don't waste time visiting the office if you would not live at the property.) Visit the staff at each of the properties. Ask to see that the model and the unit you would be occupying. Ask about their maintenance policy. Do they have any apartment maintenance work orders which have been outstanding for more than one week. Do they have a courtesy patrol? Ask detailed questions about the other factors which are important to you. If you are interested in a particular amenity, confirm that it is working and ask to see it (if appropriate). Before leaving, ask for the best pricing they have available for the unit you are considering. Can they waive the application fee? Can they reduce the first month's rent? Can they reduce the monthly rent? What about a look and lease special?

Make a Decision

Choose an apartment which is best for you considering your criteria. Call once again and ask for their best deal. If you lease today, what is the best deal they can offer?

The Lease

Read and negotiate a lease. The lease is a legal document. You should read it. It describes what you must do to have your deposit returned. Ask questions if the lease is not clear. Remember, the lease was written by an attorney for the benefit of the apartment owner. Don't be embarrassed to ask questions.

Enjoy

A great deal is in the eyes of the holder. By carefully considering the location, unit type and features which are important to you, you clarified the first element in a great deal. By gathering information through phone calls and then negotiating with properties offering the best options, you have likely found the very best deal on a San Antonio apartment.

The Market Research and Consulting division of O'Connor & Associates benefits those who are involved in commercial property investing. Statistical data, ownership and management information is routinely gathered for four major land uses - multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor Houston retail center leasing, Houston office center leasing, Houston industrial center leasing, Houston apartment rental, San Antonio apartment rental, Ft. Worth apartment rental, Austin apartment rental, San Antonio apartment rental.

This capacity to research, analyze and interpret market trends and the impact of specific transactions is a major reason for why developers and acquisition experts rely on O'Connor & Associates for market studies, Tips and Tricks for Appealing Your Property Taxes in Waller, Waller county appraisal, market research, property tax, feasibility studies, rent studies, tax credit studies, project design guidance, property performance evaluation and lease audits. O'Connor & Associates is an acknowledged source of trends in real estate investing and market activity.

By Patrick O'Connor
Published: 5/23/2008
 
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