How to Save Money : Renting an Apartment or House

Save money on ANY HOUSE or APARTMENT with a few pointers.

Instructions

1. Pick the house or apartment. This step can be found in many other articles, I won't cover it here. This articles assumes you are ready to rent and want to save money.

2. Ask for than you think you'll get. Most people expect to negotiate about 10% off the rent. Start asking for 20% or more off, plus ask for extras.

3. Read this example. If You see a house for $700/month plus a $500 deposit, offer $550/month and a $350 deposit.

4. Let the other party know you want the house if you can get the price and terms right. "Wow, I love this place. I just don't think the numbers will work for me though."

5. Make them think you have options. "I found a few places that fit my budget perfectly. I'd rather live here though, as long as it fits in my budget."

6. Make concessions to show that you are cooperative. In the example in step 3, when the other party responds with, "You're crazy, there is no way I could do $550/month and a $350 deposit." You can counter with, "Well, I could pay $600 a month and a full deposit, but only if I can pay the deposit over a period of 6 months." If they accept your offer, then you've still saved $1200 on rent, NOT BAD!!

7. If its not working, don't cave in, just walk away. "I'm sorry we can't reach a deal. Please be sure to call me if the situation changes because I would love to work with you."

Tips & Warnings

• If the other party knows you need the place and have nowhere to go, then you won't be able to negotiate at all. Be Cool, Calm, and Confident.