A Reader’s Rental Success Story
I recently met with a reader to chat about buying a loft but he ended up renting instead because he got an amazing deal. In his words, here is what he was able to negotiate for a Capitol Hill loft:
Since I waited it out, the rent ended up being $120 less ($2475) and I also got them to do 3 weeks free. For a really nice 900 square foot loft, I think that’s pretty good.
Totally feels like a buyer’s market right now as far as rentals are concerned. I wonder how much of that is seasonal vs. due to all the new buildings that are opening up. My suspicion is that apartment developers are overestimating the growth, though I guess we’ll see in the summer.
We’d love to hear from others who recently rented or bought and what they were able to negotiate (or weren’t able to.)