How quickly can you expect a brand new apartment complex to fill up? (lease, construction)
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There is a new complex that I have my eye on that will be finished in about a month and a half. It's about 150 units. I can't pre-reserve a unit yet because I'm still in the process of interviewing for a job, but if I had the job already, I'd go in and put down a deposit today. My concern is that all the units will be taken before I am financially able to move in. Do brand new apartment complexes usually fill up right at opening, or does it still take time to rent out all the units? I'm hoping that even if it takes time to get a job, there will still be units available when I do.
And for what it's worth, the apartment complex in question is in the Denver area.
It depends upon the location. In my town there would already be a long wait list and might even be a lottery among the qualified applicants to see who got a unit.
Have you asked abut getting on the wait list? If penalties for changing your mind aren't too stiff, you might conside getting on the wait list..
It depends upon the location. In my town there would already be a long wait list and might even be a lottery among the qualified applicants to see who got a unit.
Have you asked abut getting on the wait list? If penalties for changing your mind aren't too stiff, you might conside getting on the wait list..
That might be a good idea. And it's a suburban location, but there's a lot within walking distance.
Definitely dependent on where you live. Without knowing the market it's impossible to say.
I'd disagree with this for 1 reason, up to date building codes. I would bet there are a lot of people living in old apartments that would be happy to pay the early termination fees in order to get into a new unit with lower utilities and new amenities. Remodeled complexes fill fast and brand new even faster pretty much everywhere in the US. Small towns are the only exception and they don't often have new complexes built, apartments in general only go up when there is decent growth in an area or lack of space to build.
It depends, new places are often more expensive,. People can't move nilly willy either, If they have a lease they have to ride it out where they are. If ti's a hot market it could fill quickly, but it may not.
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