Increased Demand for Rentals in Las Vegas, NV

by | Oct 18, 2013 | Real Estate

You have probably heard that Las Vegas is a wonderful place to live. Well it is, but finding a home to rent can be challenging. The plunge in vacancy rates is a direct result of recent population expansion and job growth combined with little new construction of rental properties in recent years. You should follow guidance from a property manager or agent to help you in your efforts in finding a home to rent in this competitive market because today, Las Vegas housing strategies involve the development of standards and expansion of the rentals available.

There are several possibilities that vacancy rates will be higher during the next two years than during the past two. The economic crisis will lower new housing demand; some new households will move into Rentals in Las Vegas NV and some tenants may move back to the family home or double-up with others. Meanwhile, completions of property that is now under construction will influence movements out of the rental sector.

More than likely, there are many other people who are looking for Rentals Las Vegas NV as well. Make a good impression on agents and owners. This can really make the difference with your application. Since all types of housing and apartments can differ greatly, keep in mind what facilities come with each. Some may have washers and dryers, refrigerators, air conditioning and microwave ovens. Others may not, and you will need to buy or rent some of these appliances. This can add to your monthly expense. Check for covered pools, parking, gyms, and other facilities that add to its value.

Have money available in your checking account to place a deposit on a home you want. Most landlords will want the deposit and first month’s rent in a cashier type check you can buy from your bank. Security deposits are usually two to three months rent on townhouses, houses, and condos. Apartments are usually half that amount. Remember, until you have been approved by the landlord and have signed a lease and given your deposit, the home is still subject to continued showings to applicants.

Latest Articles