Be Wary of Discounted Apartments

Apartment shopping is similar to clothing shopping in a lot of ways.

This is especially true when it comes to tackling the sales rack. Sure, the sales rack can be filled with good deals and loaded with markdowns, just remember that there is a reason why these products have reduced prices.

This same thought process should be used when it comes to apartments.

We see it all the time, “One month’s free rent!”, “ Win a scooter if you sign today!”.

Who would think twice?

You should. You should not only think twice but think a third or fourth time as well. Look at reviews of the complex, post in Facebook groups and ask your peers about their experiences there.

With some complexes filling up in minutes and then requiring waiting lists, you should always be wary of those that appear desperate to fill their spaces. Start by putting on your detective hat and investigating, it may be irritating but it will be so much better than signing a lease for an apartment that is less than wonderful.

If the complex is brand new then you can expect some sort of “deal” just because they need to get people into the door.

But, if this is a complex that has been around for years and is still offering promotions to usher in new tenants then there could be something very wrong.

Look at location, is it within walking distance to campus? If it is and it is still being discounted, then turn to Google, read reviews and look up images aside from those posted on the site. Like a Tinder profile, apartment complexes can look completely different online than they do in real life.

Look at amenities, are there any offered at all? If yes, then check out the size and status of them in person. Make sure the fully operational “fitness center” is not actually just a small room with a treadmill.

And finally, as with shopping, look around.

Compare complexes and deals in the area. An apartment is an investment and a giant purchase. You may be better off paying retail than waiting for one to go on sale.

Be wary of discounted apartments, the promotion will end but the lease will still be signed.