Monday, Jul 17, 2017
Rent Before the Summer Student Rush
Each summer, students rush to find apartments for the next year’s accommodation. During this time, lots of things happen to the rental market and if you don’t get in before the rush hits, you’ll have steep competition for the hottest properties, especially near University of Ottawa, Carleton University, and Algonquin College. Here we look at how you can find a decent rental before the students flood the market.
Start Looking Early
If you know your lease is coming to an end in July, don’t wait until June to start looking. Start well ahead of the summer, researching and checking online apartment listings for the area. Check back in daily, as the hottest properties won’t stay on the market for long. If you are looking in areas near the universities, such as Cenretown, Sandy Hill, Lowertown, Old Ottawa South, or Centrepointe, there’s even more incentive to keep an eagle eye on new listings.
The viewing is your chance to get a good look at the property and ensure it’s the right fit. Try to keep your schedule flexible if you can to accommodate viewings, because timing is of the essence.
Once you have booked a viewing, use this opportunity to ask detailed questions and make notes. You may wish to take pictures, as the dimensions of the space may be hard to remember especially if you are viewing several apartments. In addition to touring the rental itself, take a walk around the neighbourhood. If it feels right and has a good mix of amenities, you may have found the perfect place.
If you find the perfect place and you feel confident that it’s the right fit at a price that’s in your budget, you should be prepared to apply for the unit. Come prepared with identification (such as your driver’s licence), proof of employment/income statements, and the last month’s rent deposit. Prepare a list of references and alert these individuals (employer, family, former landlord, etc.) that they may be contacted.
If your rental agreement is coming to an end in the summer, don’t wait to find another! With all the students getting ready to head back to school you could be left in the dust. Find Ottawa apartments for rent today with Sleepwell Property Management’s convenient apartment search feature.