8 Ways to Negotiate on Rental Properties in Bellarine Peninsula

Like many other tenants, your search for a rental property in coastline as beautiful as Bellarine Peninsula is no less than a twist and turns. You may expect a smooth transition until the landlord asks for a rent higher than you have imagined.

Unfortunately, a premium property on lease attracts higher prices, especially when the property is in close location to community or stands alone with limited competitors. And to save money on higher rents, negotiating prices after the application makes sense.

For this matter, this blog covers 8 ways of negotiating rent on your preferred property, even when you are hiring a professional real estate agency in Geelong.

1.   Understand Current Rental Market Trends:

Understanding the rental real estate market in Bellarine Peninsula comes at the top position. Begin with knowing the rental prices that are trending in the specific location. You must also consider the type of property, its size, and other amenities when comparing the rent.

This should give you an average range to request negotiation and will help you in closing the deal. Consult with a real estate agent who can help you discover the right property and negotiate fair deals on properties for lease.

2.   Take the Help of a Professional Real Estate Agent:

Staying informed is the key. But sometimes, changes in rental markets in the Bellarine Peninsula can be bothersome. You may not always be able to track every new development or lower-priced rental properties.

And the expertise of a real estate agency in Geelong can be a convenience, when the nature of rental properties costs can fluctuate.

3.   Show You are a Reliable Tenant:

As a tenant, your landlord should know everything about your financial situation. Not to the point when you end up disclosing every little detail about your finances, though.

Rather, limit the details to providing your employment records, income or salary proofs, high credit score report, and references. Your past and current employment details validate that you are working while income proofs tell about your financial capability.

In addition, high credit history ensures that you pay your bills on time. Showing your financial status makes you reliable to negotiate the Bellarine properties for rent.

4.   Prove Your Genuine Love for the Rental Property:

If you are willingly negotiating the rent on your chosen property, it means that you are ready to invest your time, effort, and money into hiring a real estate expert.

During the negotiation, show the same level of attention to what you liked the most about the property. Your landlord deserves to know why his property stands out for you and the practical solutions it offers. You might not believe but negotiations really work when you show genuine interest to the table.

5.   Consider Long-term Rental Lease:

When signing the lease, you can take advantage of staying at the house for a long term. Usually, you sign 11 to 12 months of rental contracts. But if you are not looking for relocation anytime soon, then you can request for an extension.

When the landlord finds out that you are going to stay with them for a long time and provide consistent rent, they will offer a considerable discount on rent. If not, you must have a broker that lists Bellarine properties for rent, especially the long-term rentals.

6.   Negotiate on Property Utilities:

Negotiation on property utilities like water, electricity, and other amenities are also a great way to request rent reduction. Each of the small expenses add on to your rent, which ultimately burdens your monthly expenses.

Consider the amenities that you will be paying, their individual averages, seasonal variations, and focus on energy-efficient upgrades.

7.   Compromise on Amenities like Parking:

If you don’t own a vehicle or car, you can request reducing charges on available parking spots. Similarly, if you can skip using storage rooms, then it can also help with cracking the deal at fair rates. When looking for Bellarine properties for rent, it is good to have clarity on amenities you need and cannot go without.

Finally, confidence can help you win over your landlords, no matter if they happen to have a friendly or aggressive personality.

8.   Negotiate at the Time of Renew:

You can have more advantage of rent renewal times. If you are already living somewhere and you intend to stay at it longer, then consider negotiating during this time. Your home maintenance and disciplined nature can be another bonus point.

Final Words

We hope you found this blog useful. Coming to an end, it is clear that negotiating a higher rent is possible for any tenant. With all the above-mentioned strategies and tricks, you can avail the best benefits and find your dream rental home in Bellarine Peninsula.

Nevertheless, hiring a real estate agency in Geelong is always recommended.